2:58pm: As expected, the Raptors have waived Chandler, according to Murphy (Twitter link).
12:33pm: The Raptors have signed former second-round pick Kennedy Chandler to an Exhibit 10 contract, tweets Blake Murphy of Sportsnet.ca.
A 6’0″ point guard, Chandler was selected 38th overall out of Tennessee in the 2022 draft and played for the Grizzlies as a rookie. However, he had a disappointing first season, averaging 2.2 points and 1.6 assists in 7.8 minutes per game across 36 outings while shooting just 42.2% from the floor (including 13.3% on three-pointers) and 46.2% from the free throw line.
Memphis waived Chandler in April 2023 even though he still had two fully guaranteed years left on his contract.
Chandler spent the 2023/24 season with the Long Island Nets in the G League, appearing in 49 total Showcase Cup and regular season contests for Brooklyn’s affiliate. He averaged 13.9 PPG, 5.1 APG, and 3.3 RPG with a shooting line of .477/.361/.758.
The Raptors have been signing and quickly waiving free agents in recent days in order to put them in line for Exhibit 10 bonuses worth up to $77.5K if they spend at least 60 days this season with the Raptors 905, Toronto’s NBAGL team. That may be the plan for Chandler too, though the 905 will have to acquire his returning rights from Long Island to make that happen.
Toronto, at least for now, once again has a full 21-man preseason roster.
Waived Memphis players everywhere
What is the point of signing a player one minute and waiving him the next minute. I just don’t understand these type transactions. Can someone clarify this for me.