The Toronto Raptors have waived forward Julian Reese. The Raptors had signed Reese to an Exhibit 10 contract. Reese is now expected to join Raptors 905 for the upcoming G League season.

Toronto's roster now stands at 16 players. The Raptors one open standard roster spot and one open two-way spot. Toronto is barely above the luxury tax line, at nearly $773 thousand over.