The Bobcats have waived center Erick Dampier, voiding his contract and allowing them to get under the NBA's luxury tax.

Dampier was in the last year of a seven-year, $73 million deal, but the $13 million for this season wasn't guaranteed.

Waiving Dampier leaves the Bobcats about $5 million shy of the luxury tax, a dollar-for-dollar tax owner Michael Jordan has said the team wouldn't exceed.

"We explored several trade possibilities involving Erick, but ultimately we have been unable to find a viable option that we felt made our team better," general manager Rod Higgins said. "Out of respect to Erick, we have decided to release him at this time so he may pursue opportunities with other teams prior to training camp."

Once he clears waivers, Dampier will be free to sign with any team.