The Charlotte Hornets are waiving Nic Batum, sources told Shams Charania of The Athletic.

The Hornets were set to use the stretch provision to sign Gordon Hayward, though they had been working with the Celtics on a sign-and-trade deal involving Hayward.

Batum was scheduled to earn $27.1 million for the 2020-21 season. 

Batum is expected to draw interest from several teams.