The Wizards
Michael Jordan.
Yes. He was cut from the varsity basketball team at Emsley A. Laney High School as a sophomore.
1973
Chicago Bulls
yep, but then he became the best at basketball in the world.
Michael Jordan, Paul Pierce, and Carl Landry
because
Juinor
Yes, he did; part of it, at least.
He got cut from a team
Michael Jordan never took a pay cut, though in 1997 it was suggested he take a payout in order to keep him and the all star team together. This was in 1997 that they were speculating, however, due to the contract Michael had signed, there was no way for Michael to take the cut even if he wanted to.
That means the team has released or 'cut' the player.