1:15pm: The Hornets have officially waived Kidd-Gilchrist, according to Rick Bonnell of the Charlotte Observer.
Charlotte now has two open roster spots and $5.2MM of its mid-level exception for the 2019/20 season left to spend, which the team could use to add G-League prospects, according to ESPN’s Bobby Marks (via Twitter).
11:50pm: The Hornets are finalizing a buyout with forward Michael Kidd-Gilchrist, according to ESPN’s Adrian Wojnarowski and Tim MacMahon (Twitter link). The Mavericks have emerged as a favorite to sign Kidd-Gilchrist once he clears waivers, Wojnarowski adds.
We relayed earlier this week with the trade deadline looming that Dallas had “kicked the tires” on Kidd-Gilchrist, among others. The veteran forward was once a reliable starter for the Hornets, with whom he has spent his entire career after being the second overall pick in the 2012 NBA Draft.
This season, however, the 26-year-old has appeared in just 12 games and is averaging 4.0 PPG and 2.9 PPG. Kidd-Gilchrist opted in to his $13MM option over the summer and entered camp this past fall without a defined role.
As he heads for free agency this summer, Kidd-Gilchrist could set himself up for a decent payday by playing well with a contending team down the stretch.