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Sixers guard Tony Wroten received some tough news on Christmas Eve as the team announced that they have waived him.
The Sixers had to release Wroten in order to complete a trade which has them re-acquiring guard Ish Smith from the New Orleans Pelicans.
This is the first major move new team chairman Jerry Colangelo has made for the Sixers since joining on a few weeks ago. Via NBA.com:
The Philadelphia 76ers announced today the team has acquired point guard Ish Smith from the New Orleans Pelicans in exchange for two second-round picks.
Smith appeared in 25 games (starting 14) for the Sixers during the 2014-15 season, where he averaged 12 points, six assists, three rebounds and one steal in 27 minutes per game.
In a related move, the Sixers waived guard Tony Wroten.