The San Antonio Spurs today announced that they have waived forward Josh Huestis.
Huestis was signed by the Spurs on Oct. 9, 2018.
During training camp, Josh injured his foot and said he is likely to return in December.
"The timetable is not ideal, but I’m about a month post-surgery. If everything keeps progressing how it should, my goal is to be able to be back healthy and ready to go by mid-to-late December.”
The Spurs did sign him to an Exhibit 10 deal before waiving him. This means he will likely head to the team's G-League affiliate, Austin Spurs.
A player who is signed to a contract with an Exhibit 10 will receive a bonus up to $50,000 if he signs a contract with the team's G League affiliate upon being waived from the parent club.
However, there is a catch. A player waived by Oct. 17 must report to his G League affiliate by Oct. 20 and remain there for at least 60 days to receive the bonus (in addition to the G League salary). Unlike last season, when a team would incur a salary-cap hit for players with partially guaranteed money who were eventually waived at the end of training camp, an NBA team will not have a cap charge for the bonus money awarded.
A player signed with an Exhibit 10 can also be converted to a two-way contract by the first day of the regular season. The bonus would then be rescinded and the two-way contract would apply.