ATLANTA -- Mark Price, a four-time All-Star who holds the NBA record for career free-throw percentage, will announce his retirement Friday.
Price was waived by Orlando in June after just one season with the Magic and wasn't picked up by another team. His 12-year career will officially end with a news conference at Alexander Memorial Coliseum, where he starred for Georgia Tech in the 1980s.
Price, who turns 35 Monday, finishes with career averages of 15.2 points and 6.7 assists per game. He holds the NBA career records for free throw percentage in the regular season (.904) and the playoffs (.944).
The 6-foot guard spent his first nine seasons with the Cleveland Cavaliers, making the All-Star team in 1989 and 1992-94. He was traded to Washington in 1995 but played only seven games for the Bullets because of a foot injury.
The following season, he signed with Golden State as a free agent, then was traded to the Magic in 1997. In his final season, he averaged 9.5 points and 4.7 assists in 63 games.
Price was the first major star at Georgia Tech after the school joined the Atlantic Coast Conference. He had 2,193 points from 1983-86, making him the third-leading scorer in school history, and still holds the career record for steals with 240.