The Raptors have waived Dwayne Jones.

Toronto acquired Jones along with Leandro Barbosa on July 14th in the trade that sent Hedo Turkoglu to Phoenix.

The Raptors now have 15 players on their roster.

The Nuggets have requested waivers on guard Coby Karl and center Brian Butch, a source said Saturday.

Both had contracts due to become fully guaranteed for next season had they remained with the team following Aug. 15.

The Raptors reportedly put Dwayne Jones on waivers on Friday in order to ensure his contract for 10-11 would not be guaranteed.

Jones was acquired as part of the Hedo Turkoglu trade.

Nuggets coach George Karl expects the team to waive his son, Coby Karl, by Sunday.

The younger Karl's contract will become fully guaranteed for the 2010-11 season if he isn't waived by Sunday's deadline.

Denver has until Aug. 15 to make decisions on the contracts of both Karl and Brian Butch.

If Coby Karl sticks with the Nuggets, he'd be the first player in NBA history to play for his father.

The Boston Celtics announced today that they have waived forward/center Rasheed Wallace after coming to a mutual agreement following which Wallace plans to retire.

"We would like to thank Rasheed for everything that he did for this team and organization last season," said Danny Ainge, Celtics President of Basketball Operations. "We would like to wish Rasheed and his family the best as they move on into the next phase of their lives. He will always be a member of the Celtics family."

Celtics president Danny Ainge hinted on Tuesday that the team will likely buy out the final two seasons of Rasheed Wallace's contract.

Wallace's agent told The Boston Globe on Monday that his client will retire.

"It is probably going to be resolved sooner rather than later," Ainge said on a conference call.

"I expect it to be done before training camp. We have looked at trade possibilities throughout the summer and will continue to look at those, but it will likely all be resolved shortly."

Wallace is set to earn $13 million over the final two years of a three-year deal he inked with Boston last offseason.

The Timberwolves have waived Delonte West, as was expected when they acquired him from the Cavaliers last week.

Minnesota landed West and Sebastian Telfair from Cleveland in exchange for Ramon Sessions, Ryan Hollins and a future second-round pick.