The 32-year-old now is an unrestricted free agent and can negotiate contacts with any team immediately and, from noon E.T on Friday, can sign a contract.
Evans last played for the Indiana Pacers in 2019.
During his time away from the court, he has posted videos on his Instagram account of him staying in basketball shape.
On Monday, he posted a video with the caption: “I’m back in that mode time up.”
The guard had had a productive start to his career having been drafted No. 4 overall by the Sacramento Kings in 2009.
He had spells at the New Orleans Pelicans, a return to Sacramento and one with the Memphis Grizzlies before his season with the Pacers before his suspension.
In his 594 games in the league, he has averaged 15.7 points, 4.6 rebounds and 4.8 assists.
Players testing positive for performance-enhancing substances are suspended for 25 games (for the first violation) and 55 games (for the second violation), and banned from the league for a minimum of two years (for the third violation).