The Brooklyn Nets have waived forward Brandon Davies, the team announced today, clearing a roster spot and shedding his contract shortly before the deadline that mandates contracts will be guaranteed through the rest of the year.
It is “unlikely” they waive anyone else, a team source told The Brooklyn Game.
The Nets have three more non-guaranteed players on their roster — guard Darius Morris, center Jerome Jordan, and rookie forward Cory Jefferson. Jefferson is currently in the D-League with the Maine Red Claws, and Morris & Jordan provide much-needed depth at the point guard and center positions, where the Nets have dealt with injuries throughout the season.
The Nets acquired Davies in the series of simultaneous trades that sent away forward Andrei Kirilenko and guard Jorge Gutierrez in December. Davies only played in scattered moments over seven games with the Nets, and keeping his salary on the books would have added roughly an extra $2 million in luxury tax payments.
The Nets have until 5 P.M. on January 7th (Wednesday afternoon) to waive any more of their non-guaranteed players before their contracts become guaranteed for the season. By freeing up their roster spot, the Nets can also sign free agents to ten-day contracts, which can be extended once before they’re guaranteed for the season.