On his blog 48minutes.net Geoff Lepper reports that the Golden State Warriors have waived Oakland native guard DeMarcus Nelson in order to sign Jermareo Davidson to a 10 day contract.

The Warriors’ best local story of the season has come to an abrupt end: DeMarcus Nelson, the Oakland native and former Vallejo High star, was cut today to make room for forward Jermareo Davidson — a 2007 second-round pick of Golden State who was traded on draft day as part of the Jason Richardson-Brandan Wright deal — to be signed to a 10-day contract.

The move could save the team approximately $200,000, since Nelson’s contract wasn’t set to fully vest until Jan. 10. It would actually be an increase in salary outlay if the Warriors choose to keep Davidson, who can be signed to a second 10-day and then must be released or given a minimum-level contract for the remainder of the season. Since Davidson is a second-year player, a minimum-level deal for him from Jan. 25 on would cost roughly $350,000.

The 6-10 Davidson is averaging 16.1 points and 10.8 rebounds for the Idaho Stampede of the D-League this season. His presence gives Don Nelson another option at power forward, which has been a problem spot all year, especially so now that rookie Anthony Randolph has been “put on ice,” in the coach’s words.

Good luck DeMarcus the bay is rooting for your catch on some where else.