Odom has zero value on the court this year, but there's no way the Mavs are going to waive him or buy him out before the season ends. He's worth too much as a trade chip.
The Mavs can trade Odom and $2.5MM to another team for around $10MM in contracts (S&T, or just a team looking to dump salary) with that other team able to waive Odom. It costs the other team absolutely nothing, so they'd be saving $10MM, and the Mavs could get somebody really solid out of it.
Too bad we have to put up with having him on the roster until that happens though.
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