Nets Cut Kaiser Gates

A day after signing an Exhibit 10 contract with the Nets, forward Kaiser Gates has been waived by the team, according to a press release.

Gates, who went undrafted out of Xavier in 2018, has spent most of the last two seasons in the G League, first with the Windy City Bulls, then last season with the Maine Red Claws. He recorded 12.2 PPG and 7.2 RPG on .403/.331/.694 shooting in 36 games (32.6 MPG) for Boston’s NBAGL squad in 2019/20.

Signing a player and then almost immediately waiving him is a common move during the preseason for NBA teams looking to either secure a player’s G League rights or to ensure he gets a $50K Exhibit 10 bonus if he plays for their NBAGL affiliate. Since Maine controls Gates’ returning rights, the Long Island Nets (Brooklyn’s affiliate) would need to acquire those rights in a trade.

The Nets how have 19 players on their preseason roster, with at least a couple more cuts still to come.

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