Bennett cleared waivers Friday and is officially a free agent, Adrian Wojnarowski of Yahoo! Sports reports.

EDGE Analysis

With teams unwilling to absorb Bennett's $5.8 million waiver price tag, he'll now obtain free agent status, meaning he can sign a new contract at what would presumably be a discounted rate. Despite struggling mightily with both the Cavaliers and Timberwolves, the former No. 1 overall pick should pique the interest of a few franchises, with the Trail Blazers and 76ers mentioned as potential landing spots. Regardless of where Bennett ends up, he'll be viewed as a project player and is unlikely to be of much utility in nearly any format this season.