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Hornets Waive Spencer Dinwiddie to Set Roster Before Season

His guaranteed one-year deal triggers a $3.63 million payout with potential dead money if he goes unclaimed.

Overview

  • The team confirmed the move Thursday via an official press release after reports by ESPN’s Shams Charania.
  • Dinwiddie finalized a one-year guaranteed minimum on July 13 and is owed $3,634,153, with $2,296,274 to hit Charlotte’s cap if he clears waivers.
  • He appeared in two preseason games for 30 total minutes, posting six points and six assists while the Hornets were outscored by 20 in his minutes.
  • Charlotte made the cut to manage a guaranteed slot before opening night and signaled confidence in a guard rotation headed by LaMelo Ball with Tre Mann in reserve.
  • If unclaimed on waivers, the 11-year veteran will enter free agency days before Charlotte’s Oct. 22 opener against the Nets.