Report: Raptors trade Malachi Richardson to 76ers

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There’s little evidence the Raptors ever valued Malachi Richardson as a player.

They traded for him last season to save money. Now, they’re trading him to save money.

Keith Pompey of The Inquirer:

Toronto reduces its pending luxury-tax bill by $5,100,420, is off the hook for the remaining $567,452 of Richardson’s salary and apparently gets cash from the 76ers. But the Raptors must sign someone else within two weeks, so that will reduce their savings.

Richardson hasn’t shown much with the Kings, who got him with the No. 22 pick in the 2016 draft, or Raptors. He’ll become an unrestricted free agent after the season. He could provide deep depth in Philadelphia, but the shooting guard faces an uphill battle to get his NBA career on track.