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Oden reduced his deal to $1.5M so a team could claim him on waivers.
Portland Trail Blazers: Sam Bowie before Michael Jordan, Greg Oden before Kevin Durant.
Oden's contract was reduced some time ago. Once it was deemed he was out for the year it was reduced. It's been at 1.5M on ESPN's trade machine for over a month now.
I know that and wasn't saying it was recent.