The Toronto Raptors have waived D.J. Augustin.
Augustin signed a one-year, $1.267 million deal with the Raptors in the offseason to become Kyle Lowry's backup, but lost his minutes to Dwight Buycks and Julyan Stone.
Augustin spent last season with the Indiana Pacers.
The Raptors needed to make a roster move in order to complete their trade for Rudy Gay.