Bogut signed a one-year deal with the Los Angeles Lakers in September, but he was waived Jan. 6 after playing a limited role during the first half of the season. He averaged 1.5 points and 3.3 rebounds across 24 appearances while playing only nine minutes per game.
The move, which was made just before his contract became guaranteed for the rest of the campaign, came two weeks after the 33-year-old Australia native said the Lakers were growing "frustrated."
"Everyone knows what is going on with the salary-cap situation next season and all that. That is just distractions that we can't let affect us," Bogut told reporters. "That is part of the league, the business decisions that front offices and coaches make. So if that is distracting guys, that is going to be like that your whole career. That is just the nature of this league."
The University of Utah product has bounced around the NBA in recent years. He hasn't been a high-impact contributor since averaging 7.3 points, 10.0 rebounds and 1.8 blocks while shooting 62.7 percent from the floor with the Golden State Warriors during the 2013-14 season.
Injuries have played a key role in his fading involvement. That includes suffering a fractured tibia less than a minute into his debut with the Cleveland Cavaliers last March.
In all, Bogut has averaged 9.7 points, 8.7 rebounds and 1.6 blocks in 695 regular-season games since the Milwaukee Bucks selected him with the first overall pick in the 2005 NBA draft. He won a championship with the Warriors in 2015.
Ultimately, Bogut is no longer the consistent double-double threat he was during his peak seasons with the Bucks, and he's an injury risk. If healthy, he can likely provide numbers similar to his final campaign with the Dubs—5.4 points and 7.0 rebounds in 20.7 minutes per game, though perhaps in Australia he can have an even greater impact than he offered in the NBA in recent seasons.