It took a check of $18.2 million and the Sixers have parted ways with starting forward Elton Brand.
The amount comes off the Sixers salary cap, which will be used in their signing of Nick Young ($6 million for one year), for newly acquired Dorell Wright ($4.1 million) and presumably another big body.
"On behalf of the Philadelphia 76ers I want to thank Elton for his contributions to our organization and city," said president Rod Thorn in a statement. "Decisions of this nature are never easy, particularly when it involves a player of Elton's talent and character. He worked tirelessly for the overall good of the team every time he put on a Sixers uniform and we wish him nothing but the best."
In his four seasons with the club Brand was often hindered by injuries. He came to Philadelphia a year after rupturing an Achilles' with the Los Angeles Clippers. The 6-9 forward then seperated his shoulder that cost him most of his first season. He also dealt with knee, hand and neck injuries throughout his Sixer tenure. He appeared in 246 games with 221 starts and averaged 13.3 points, 7.4 rebounds and 1.3 blocks.
The team also announced that they have signed Nick Young. The contract is a one-year deal worth $6 million, according to a source.
The 6-7 Young was the 16th overall pick by the Washington Wizards in 2007. He spent four and a half seasons in Washington before getting traded in the middle of last season to the Los Angeles Clippers.
In 357 career games Young, 27, is averaging 11.4 points while shooting 42.9 percent from the floor, inlcuding 37.8 percent from three-point range. In the past two seasons Young has averaged 15.8 points.