Philadelphia 76ers' President Billy King announced today that the team has waived guard/forward Derrick Byars.

Byars, a rookie from Vanderbilt, averaged 2.0 points and 2.0 rebounds in one preseason appearance with the Sixers. Originally selected by Portland with the 42nd overall pick in the 2007 NBA Draft, Byars was acquired by Philadelphia in a draft night trade (6/28/07) for the rights to Petteri Koponen (30th overall pick) and cash considerations.