12:12pm: Tubelis has been waived in order to open up a two-way slot for Council, reports Keith Pompey of The Philadelphia Inquirer (Twitter link).
11:53am: The Sixers have agreed to a new two-way contract with rookie shooting guard Ricky Council, reports Michael Scotto of HoopsHype (Twitter link). The signing is official, per NBA.com’s transaction log.
Council, who played two college seasons at Wichita State before transferring to Arkansas for his junior year in 2022/23, averaged 16.1 points, 3.6 rebounds, and 2.3 assists in 34.1 minutes per game (36 games) for the Razorbacks last season. His 27.0% mark on three-point tries left something to be desired, but he was considered one of the top prospects to go undrafted this year.
Following June’s draft, Council quickly latched on with Philadelphia on a two-way deal, playing for the club in Summer League and the preseason before being cut last Friday. The Sixers had to release a two-way player in order to convert Javonte Smart‘s Exhibit 10 deal to a two-way contract.
We don’t know exactly what Philadelphia’s thinking is in waiving Council only to bring him back five days later. However, it’s worth noting that the terms of Terquavion Smith‘s and Azuolas Tubelis‘ two-way deals called for them to have 50% of their full salaries guaranteed if they weren’t waived on or before the first day of the regular season. Council’s previous contract didn’t include those same terms.
It’s possible the Sixers always wanted to retain Council but didn’t want to deny Smith or Tubelis a payday of approximately $205K (each player had already been guaranteed $75K of his $560K two-way salary). Keeping both of those players through opening day on Tuesday ensures they’ll get their salary bumps, which won’t count against Philadelphia’s cap. I’d expect one of them – rather than Smart – was cut to make room for Council, though that hasn’t yet been confirmed.