The Brooklyn Nets have waived former No. 1 overall draft pick Anthony Bennett.
They are signing veteran power forward Quincy Acy to replace him, according to league sources.
Bennett was taken with the first pick in the 2013 NBA draft by the Cleveland Cavaliers as a 20-year-old out of UNLV. He played one season for the Cavs before being traded with 2014 No. 1 overall pick Andrew Wiggins to the Timberwolves in the three-team deal that brought Kevin Love to Cleveland.