Trail Blazers Waive Guard Derek Anderson

August 3, 2005

Derek Anderson The Portland Trail Blazers announced today that the club has waived Guard Derek Anderson. Anderson will be designated as the team’s amnesty player under the luxury tax amnesty provision of the new Collective Bargaining Agreement.

The provision allows a team to release a player and remove his contract amount from the team’s salary cap for purposes of calculating the luxury tax. The Trail Blazers will be responsible for the remaining two years of Anderson’s contract and he is free to sign with another team.

“We thank Derek for his contributions on and off the court while he was in Portland,” said Trail Blazers General Manager John Nash. “Given the direction of the team and Derek’s limited availability in recent years we felt this was the best solution for all parties. This move gives us additional cap flexibility and minutes for our younger players. We wish him well in the future.”

During the 2004-2005 season Anderson saw action in only eight of the team’s final 42 games due to various injuries, including a sinus ailment, dental problems and back spasms. An eight-year NBA veteran, he played in 47 games with 32 starts for the Trail Blazers last season and averaged 9.2 points, 2.7 rebounds, 3.0 assists and 26.4 minutes per game. In the 2003-2004 season Anderson appeared in 51 games, 45 in the starting line up. He averaged 13.6 points, 4.5 assists, 3.6 rebounds, 1.29 steals and 35.5 minutes. He had limited action that season due to a herniated disk.

“I enjoyed my time in Portland and thank the fans for all the support I received there for so many years,” said Derek Anderson. “I’m glad we could reach a resolution that meets everyone’s needs.”

The 31-year-old Anderson was acquired by Portland along with Steve Kerr and second-round draft pick from San Antonio in exchange for Steve Smith on July 25, 2001. In his four seasons with the Trail Blazers, the 6-5, 195-pound Anderson played in 244 games and averaged 12.0 points, 3.1 rebounds, 3.3 assists and 30.2 minutes.