The Cavaliers waived Perkins on Saturday to finalize their 15-man roster, Adrian Wojnarowski of ESPN reports.
Perkins reportedly showed up to camp in terrific shape, but a loaded roster left him as the odd-man out. If interested, the veteran big man will likely be able to find a landing spot with another team. He averaged 4.0 points and 3.7 boards across 12.1 minutes in three exhibition games for the Cavs.