10:26am: The move is official, the team announced via press release.
8:48am: The Hornets are waiving Justin Cobbs, Sportando’s Emiliano Carchia reports. Carchia indicates that the move has already taken place, and while the team has yet to make an official announcement, Hornets assistant GM Chad Buchanan spoke of the 6’3″ point guard in the past tense in his remarks to the Sportando reporter. Dropping the non-guaranteed contract for Cobbs will reduce the Hornets roster to 17 players.
“Justin was really good for us,” Buchanan said. “He plays hard and is a very mature kid with a good work ethic. He makes shots, isn’t selfish and plays defense. He has a bright future.”
Cobbs played sparingly in two preseason games this month, scoring just two points in about nine total minutes of action. The 23-year-old joined Charlotte after going undrafted out of California and playing for the Grizzlies in summer league. He also attended preseason camp with Laboral Kuxta in Spain before joining Hornets camp, and while the Spanish team’s coach praised Cobbs in comments to Carchia, the coach also indicated that he’s still a year or two away from becoming ready for Euroleague action.
The move leaves the Hornets with 14 fully guaranteed contracts plus non-guaranteed pacts for Jason Maxiell, Dallas Lauderdale and Brian Qvale. Maxiell is the leading contender for the 15th spot on the regular season roster, should the team keep that many for opening night, and Hornets coach Steve Clifford appears to favor holding on to the former longtime Pistons big man, as reports indicated earlier this week.