Hornets Waive Smith, Give Chealey Two-Way Deal

The Hornets set up their regular season roster today by completing a pair of transactions. According to a press release from the team, Charlotte has waived Zach Smith and converted Joe Chealey‘s Exhibit 10 contract into a two-way deal.

It’s good news for Chealey, who will stick with the Hornets after going undrafted out of the College of Charleston. The 6’4″ guard averaged 18.0 PPG, 4.6 RPG and 3.6 APG as a senior and led the program to the NCAA Tournament. Now, he’ll be one of Charlotte’s two-way players, alongside J.P. Macura.

As for Smith, the rookie forward is a candidate to play for the Greensboro Swarm, assuming he goes unclaimed on waivers on Monday.

The Hornets are now carrying 16 players, including 14 on standard contracts. If they don’t make any additional moves by Monday, they’ll enter the regular season with an open spot on their roster.

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