Auburn Hills, MI - The Detroit Pistons have acquired veteran forward Anthony Tolliver from the Phoenix Suns in a 1-for-1 trade announced by both teams on Wednesday.

The Suns will receive second-year forward Tony Mitchell in the swap.

Tolliver's acquisition comes one day after the struggling Pistons surprisingly waived forward Josh Smith, the team's second-leading scorer, with nearly three years remaining on his contract.

The 29-year-old Tolliver's strength is his perimeter shooting, having made 102 shots from 3-point range in 247 attempts (41.3 percent) with Charlotte last season. He averaged 6.1 points over 64 games with the then-Bobcats in 2013-14, but has seen just 11.3 minutes per game of playing time over 24 contests since signing with the Suns in the offseason.

Tolliver averaged 3.3 points, 1.8 rebounds and made 38.7 percent of his 3- point tries during his brief time with Phoenix.

Mitchell was a second-round pick (37th overall) of Detroit in 2013 and appeared in 21 games with the Pistons as a rookie, scoring 22 points and grabbing 26 rebounds.

The 22-year-old North Texas product did not play for Detroit this season, but averaged 8.2 points and 7.2 rebounds in six games for Grand Rapids of the NBA Development League.