5:37pm: The Sixers have officially announced in a press release that they’ve waived Bassey and Joe.
8:32am: The Sixers are also waiving Joe, reports Shams Charania of The Athletic (Twitter link). With Joe’s non-guaranteed $1.78MM salary no longer on the books, the team will have more than $5.5MM in breathing room below its hard cap, tweets Bodner.
Joe appeared in 55 games for the 76ers last season, averaging 3.6 PPG and 1.0 RPG on .350/.333/.935 shooting in 11.1 MPG.
The two cuts will give the Sixers the option of opening the season with just 14 players on their standard roster or of adding a 15th man (including perhaps Joe) on a new non-guaranteed contract.
Joe’s previous deal called for his full 2022/23 salary to become guaranteed if he made the opening night roster, so Philadelphia theoretically could re-sign him on a more team-friendly contract if he passes through waivers, though it’s unclear if that’s in the plans. The team also may have interest in bringing him back on a two-way deal, says Kyle Neubeck of PhillyVoice.com.
8:18am: The Sixers have waived big man Charles Bassey, according to Keith Pompey of The Philadelphia Inquirer (Twitter link).
The 53rd overall pick in the 2021 draft out of Western Kentucky, Bassey signed a three-year, minimum-salary contract with Philadelphia last September, then appeared in 23 games as a rookie, averaging 3.0 points and 2.7 rebounds in 7.3 minutes per contest. He played a starring role when assigned to the G League, averaging 18.9 PPG and 10.3 RPG in 17 regular season games (28.6 MPG) for the Delaware Blue Coats.
Although Bassey’s contract ran through 2024, it wasn’t fully guaranteed beyond his rookie season, making his grip on a roster spot tenuous this fall. Isaiah Joe‘s strong Summer League showing and the Sixers’ decision to sign Montrezl Harrell a month ago to fill out their frontcourt also didn’t work in his favor, making Bassey the odd man out.
Assuming Bassey clears waivers without being claimed, the 76ers will be on the hook for his partial guarantee of $74,742. Because that guarantee exceeds $50K, he’s ineligible to play for the Delaware Blue Coats – Philadelphia’s G League team – as an affiliate player or two-way player.
A team with interest in claiming Bassey off waivers would need a trade exception, disabled player exception, or cap room to absorb his $1,563,518 salary. Even though he’s earning the minimum, the fact that Bassey was on a three-year contract means he can’t be claimed using the minimum salary exception.
With Bassey and Trevelin Queen out of the picture, Philadelphia looks poised to carry a 15-man roster that features 13 players on fully guaranteed salaries, plus Paul Reed and possibly Joe on non-guaranteed deals. The Sixers’ team salary is now approximately $3.76MM below the hard cap, tweets Derek Bodner of The Daily Six.