Tolliver signed a two-year deal worth $16 million with the Kings last summer, but the second year only included $2 million in guaranteed money that the team will have to pay out.
Ham noted the Kings appear to be attempting to clear as much cap space as possible and could have up to $40 million coming off the books this summer. The NBA salary cap will reportedly be $101 million for the 2017-18 season, per Wojnarowski.
A nine-year NBA veteran, Tolliver appeared in 65 games for the Kings last season. He averaged 7.1 points and 3.7 rebounds per game.