Mon 10/27/14 4:17 PM

Outlaw (Achilles) was traded to the 76ers on Monday in exchange for Arnett Moultrie, a 2019 second-round pick, and the right for the Sixers to swap 2018 second-round picks with the Knicks, Steve Popper of The Record reports. Moultrie has already been waived by New York. The deal saves the Knicks some cash, as they won't have to waive Outlaw, who's owed $3 million this season, in order to make room for Travis Wear on the roster. The Sixers, meanwhile, gain additional future picks while continuing to cut costs. Philadelphia is expected to waive Outlaw in the near future, and Jason Richardson is now the only player on the roster who was with the team when GM San Hinkie took over in May of 2013.