clock menu more-arrow no yes mobile

Filed under:

Nets waive Chris Chiozza, RaiQuan Gray to get down to 17

Brooklyn Nets Open Practice Photo by Nathaniel S. Butler/NBAE via Getty Images

Barring the unexpected, the Nets would appear to have a set roster for Opening Night Wednesday vs. the Pelicans. On Saturday, Brooklyn waived Chris Chiozza and RaiQuan Gray. Along with the release of Donovan Williams Friday, the moves take the Nets roster from 20 to 17, a max of 15 standard NBA deals and a pair of two-way signings.

Assuming the roster stays the same through Opening Night, two Nets — Markieff Morris and Edmond Sumner — will get further guaranteed money, per reports. Morris will now be at $500,000 guaranteed and Sumner $250,000. It also means that Yuta Watanabe will make the final roster with a non-guaranteed vets minimum deal.

Here’s the breakdown:

—12 fully guaranteed standard deals: Kevin Durant, Kyrie Irving, Ben Simmons, Joe Harris, Royce O’Neale, Nic Claxton, Seth Curry, Patty Mills, T.J. Warren, Kessler Edwards, Cam Thomas and Day’Ron Sharpe.

—Two partial guaranteed deals: Markieff Morris and Edmond Sumner.

—One non-guaranteed deal: Yuta Watanabe.

—Two-way deals: David Duke Jr. and Alondes Williams have been signed to the two-way which pay out $502,000, half the league minimum for a standard deal.

Over the last month, the Nets have signed and waived seven Exhibit 10 deals, including Chiozza, Gray and Donovan Williams. In addition, Marcus Zegarowski, Kaiser Gates, Brandon Rachal and Noah Kirkwood have been cycled through. How many will wind up in Long Island with the Nets G League entry will be determined soon. Long Island opens camp at the end of this week and plays its first game November 4.

Joe Tsai’s luxury tax will be as high as $108 million this season, up from last season’s $98 million. With $185 million in salaries and an estimated $108 million in luxury taxes, the Nets are close to a $300 million team. Luxury taxes aren’t finally calculated until April 9, the last day of the regular season.

The Nets still have their $6.5 million taxpayers MLE available. The amount of the exception will begin to diminish after January 10.