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The Toronto Raptors announced Wednesday they have released guard Alvin Williams. Per team policy, financial details were not disclosed. It was a contract settlement.

“I have the greatest respect for Alvin Williams, both as a basketball player and as a human being,” said Bryan Colangelo, president and general manager of the Raptors. “Parting ways is simply something that needed to be done for this franchise and Alvin to both move forward.”

Williams has been sidelined by an injured right knee that has limited him to one game since March 19, 2004. He had microscopic surgery on the knee November 22, 2004 and arthroscopic surgery in December.

Williams was acquired from Portland on February 13, 1998 and is the club’s all-time assist leader with 1,791 and second in games played at 417. He averaged 9.3 points and 5.6 assists in the regular season and 12.5 points and 4.3 assists in 18 postseason games.

Discuss Williams and the team on the Toronto Raptors Forum.