The Cavaliers also have now released an official statement:
"We would like to thank Baron for his contributions to the team during his time in Cleveland," said General Manager Chris Grant. "He has been an absolute professional since the day he joined the Cavs and we now wish him the best in the future."
Ever since details emerged about the new amnesty clause, Baron Davis has been rumored to be amnestied.
According to a tweet by ESPN's Brian Windhorst, the Cavaliers are now approximately $8 million under salary cap and will be approximately $20 million under next summer.
Davis had been visible at Cleveland's facilities during the first two days of training camp, but had yet to practice with the team due to tightness in his lower back, missing his fourth straight practice on Wednesday. The latest report indicated that Davis was out with a bulging disc in his back and was expected to be sidelined two-to-three weeks.
The 32 year-old Davis averaged 13.5 points and 6.3 assists in 58 games last season split between the Los Angeles Clippers and Cavaliers. Not that it wasn't already clear, but first overall pick Kyrie Irving is the starting point guard in Cleveland.