Nets Re-Sign Chiozza To Two-Way Contract, Waive Martin

The Nets have made a change to one of their two-way contract slots, announcing today in a press release that they’ve waived Jeremiah Martin and re-signed Chris Chiozza to a two-way deal to replace him.

Chiozza, 25, signed a two-way contract with Brooklyn in January and emerged as a reliable rotation player for the team, averaging 6.4 PPG and 3.1 APG on .425/.357/1.000 shooting in 18 games (15.4 MPG).

The Nets issued Chiozza a qualifying offer in November, making him a restricted free agent. He ended up signing a one-year, minimum-salary contract with Brooklyn, but it was non-guaranteed, which made him expendable on Saturday when the club made its roster cuts.

Although he didn’t make the 15-man squad, Chiozza cleared waivers and is now back on another two-way contract, which will allow him to be active in up to 50 of the Nets’ 72 regular season games this season. He’ll earn $449,155 on the deal, alongside fellow two-way player Reggie Perry.

Martin, meanwhile, will become a free agent on Thursday if he goes unclaimed on waivers. The former University of Memphis point guard, who signed a two-year, two-way contract with the Nets in January appeared in nine games as a rookie in 2019/20, averaging 7.1 PPG and 2.0 APG in 11.0 MPG. He also averaged 17.7 PPG and 4.5 APG in 37 G League games (30.4 MPG) for Long Island and Sioux Falls.

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