Toronto Raptors to release former No. 1 overall pick Anthony Bennett

Forward Anthony Bennett has not done much since being the No. 1 overall pick in the 2013 NBA draft, and now apparently he will be waived by the Toronto Raptors so they can sign another player who was recently waived.

The Raptors are in the process of waiving Bennett, according to Yahoo Sports, so they can sign forward Jason Thompson, who was waived by the Golden State Warriors when the Warriors signed Anderson Varejao.

The 29-year-old, 6-foot-11 Thompson averaged 2.1 points and 1.9 rebounds while playing in 28 games for the Warriors this season. His best season was 2009-2010 when he averaged 12.5 points and 8.5 rebounds for the Sacramento Kings.

The Raptors are the third team Bennett has played for in his three NBA seasons. He averaged 4.2 points as a rookie with the Cleveland Cavaliers, who selected him in the draft. He averaged 5.2 points for the Minnesota Timberwolves in his second season, and was averaging 1.5 points and 0.9 rebounds in 19 games for the Raptors this season.

The 6-foot-8 Bennett turns 23 on March 14.