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Highsmith was waived by the Suns on Saturday, John Gambadoro of Arizona Sports 98.7 FM reports.
Highsmith re-signed with Phoenix in August but will now have to explore other opportunities after being left off the initial regular-season roster. Over seven regular-season appearances with the Suns in 2025-26, he averaged 5.4 points and 1.9 rebounds in 13.0 minutes per contest.
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