Kings waive newly acquired Larry Hughes

The Sacramento Kings have waived guard Larry Hughes, less than a week after acquiring him from the New York Knicks.

The move Tuesday comes after Hughes, who did not appear in a game with the Kings, was acquired as part of a three-team deal last Thursday that also sent Tracy McGrady from Houston to New York.

The Knicks revealed last week that Hughes has a fractured left ring finger and could miss four weeks.

Hughes has averaged 14.6 points a game since being the eighth overall pick of Philadelphia in 1998. He has also played for Golden State, Washington, Cleveland and Chicago.