Zalgiris Kaunas announced they have waived Derrick Walton and will not be searching for his replacement.
The 23-year-old guard, who joined the team in October, played in 17 EuroLeague games, averaging 4.6 points and 2.5 assists.
He also had 8.4 points and a team-high 4.4 assists in 15 matches in the Lithuanian League.