The San Antonio Spurs have waived Josh Powell, who averaged 5.8 points and 3.8 rebounds in six preseason games.

The Spurs also announced they have exercised the third-year options on Cory Joseph and Kawhi Leonard. Both player are signed through the 2013-14 season.

“I know I’ve got to keep working and learning, but for sure this move makes all that hard work I put in this summer worth it,” Joseph said.

“I feel like I’m just going to keep on getting better and I feel like they think I’m going to keep on getting better, too.”