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Report: Raptors waiving Anthony Bennett, signing Jason Thompson

Toronto Raptors v Chicago Bulls

CHICAGO, IL - FEBRUARY 19: Bobby Portis #5 of the Chicago Bulls blocks a shot by Anthony Bennett #15 of the Toronto Raptors at the United Center on February 19, 2016 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using the photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jonathan Daniel/Getty Images)

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The Raptors said they had “no expectations” for Anthony Bennett when they signed the No. 1 pick in the 2013 NBA draft.

Now, they have no Anthony Bennett.

Shams Charania of Yahoo Sports:

Jason Thompson, whom the Warriors waived to sign Anderson Varejao, gives Toronto another power forward with Luis Scola and Patrick Patterson. Though that’s still a position of question for the Raptors, they’ll probably just rely on the veteran Thompson for steadier depth than Bennett provided.

Thompson is also more capable of playing center than Scola and Patterson. So, he could be a safer option than the raw Lucas Nogueira behind Jonas Valanciunas and Bismack Biyombo.

Mostly, there was a reason Thompson was available: He’s a fringe rotation player (at best) on a good team. Toronto, trying to win its first best-of-seven playoff series in franchise history, could use the depth. Just don’t expect Thompson to move the needle unless someone gets hurt or in foul trouble.

This is also another low point for Bennett, who was waived by the Timberwolves before the season and became the first No. 1 pick to play in the D-League. Perhaps, a lottery team takes a flier on the 22-year-old the rest of this season. But it wouldn’t at all be surprising if Bennett falls from the NBA.