The move was officially announced by the team Tuesday. Earlier in the day, ESPN’s Adrian Wojnarowski reported that Hood would be joining the Milwaukee Bucks on a one-year deal.
Hood was acquired alongside Gary Trent Jr. at last season’s trade deadline in the move that sent Norman Powell to the Trail Blazers. Injuries limited him to only 17 games with the Raptors, with whom he averaged 3.9 points off the bench.
Bembry joined the Raptors in free agency last season after beginning his career with the Atlanta Hawks. He appeared in 51 games with the Raptors last season, including 12 starts, averaging 5.7 points, 2.9 rebounds and 2.1 assists.
Watson initially joined the Raptors on a two-way contract in January of 2020 and had that contract converted to a one-way deal ahead of the 2020-21 season. Injuries limited him to just 27 games last season, including two starts, where he averaged 4.1 points and 1.7 rebounds.