Raptors acquire G Spencer Dinwiddie from Nets, then waive him

The Toronto Raptors acquired guard Spencer Dinwiddie from the Brooklyn Nets in exchange for guard Dennis Schroder and forward Thaddeus Young on Thursday.

The Raptors immediately waived Dinwiddie. The Athletic reported it was to avoid paying an upcoming $1.5 million contract bonus for games played.

Dinwiddie, 30, appeared in 48 games (all starts) for Brooklyn and is averaging 12.6 points, 6.0 assists, 3.3 rebounds. He is shooting 39.1 percent from the field and 32 percent from beyond the arc.

Detroit drafted Dinwiddie in the second round of the 2014 draft. He sports career averages of 13.6 points, 5.3 assists and 3.1 rebounds across 514 games (311 starts), spending time with the Pistons, Washington Wizards and Dallas Mavericks in addition to two stints with the Nets.

Schroder, also 30, was in his first season with Toronto. He averaged 13.7 points, 6.1 assists and 2.7 rebounds in 51 games (33 starts) with the Raptors, shooting 44.2 percent overall and 35 percent from 3-point range.

A first-round pick by Atlanta in 2013, Schroder has averaged 14.0 points, 4.8 assists and 2.9 rebounds in 738 career games (350 starts) with the Hawks, Oklahoma City Thunder, Los Angeles Lakers, Boston Celtics, Houston Rockets and Raptors.

The 35-year-old Young is in his 17th NBA season. In 23 games (six starts) with Toronto, Young averaged 5.0 points, 3.3 rebounds and 2.2 assists.

Young, drafted by Philadelphia in the first round of the 2007 NBA Draft, has played for seven teams, already spending time with the Nets during the 2014-15 and 2015-16 seasons. He has averaged 12.2 points, 5.7 rebounds and 1.8 assists in 1,162 career games (726 starts).

The Nets also waived center Harry Giles III. He played in just 16 games off the bench this season and averaged 3.4 points and 1.6 rebounds. Giles, 25, has career averages of 5.6 points and 3.6 boards in 158 games (17 starts) with the Sacramento Kings, Portland Trail Blazers and Nets.