The Spurs have opened up a spot on their 20-man offseason roster, waiving recently-signed guard Jeff Ledbetter, sources tell JD Shaw of Hoops Rumors (Twitter link). Ledbetter initially inked an Exhibit 10 contract with San Antonio on September 12.
Ledbetter, 31, is an Idaho product primarily known for his marksmanship from long range. He has spent the last three seasons with San Antonio’s G League affiliate, the Austin Spurs, but did leave the team early last season to play in Mexico. In 101 career NBAGL games, Ledbetter has posted a respectable stat line of 11.0 PPG, 2.6 RPG, and 3.2 APG with a .395 3PT%.
It appears the Spurs’ deal with Ledbetter was specifically designed to get him a bonus as a reward for his work in Austin, rather than to attend training camp with San Antonio. Players who sign Exhibit 10 deals are eligible for bonuses worth up to $50K if they spend two months with that team’s G League affiliate after being released.
The Spurs now have 19 players under contract.
Clark Crum contributed to this post.