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Report: Raptors waiving former No. 1 pick to sign Jason Thompson

Editor's note: The video above is from Aug. 6, 2015.

Jason Thompson may not have panned out with the Warriors, but the big man will reportedly get another chance to prove himself with an NBA title contender.

Thompson, whom Golden State waived on Feb. 22 to make room for the newly acquired Anderson Varjeao, will sign with Toronto (39-19, second in the East) for the rest of the season, according to Shams Charania of Yahoo Sports.

The Raptors will waive forward Anthony Bennett -- a Toronto native and the No.