The Suns have waived Alex Schumacher, reports Keith Smith of Spotrac (Twitter link). The move, which was not unexpected, came just a day after the team announced his signing to an Exhibit 10 contract.
Smith notes that by signing and then waiving Schumacher, the Suns can bring the 6’3″ guard to their G League affiliate, the Valley Suns, with a bonus on top of his G League contract.
Schumacher, who played two seasons at Seattle University before going undrafted in the 2024 draft, split time between the Valley Suns and the Windy City Bulls last season, averaging 9.2 points and 3.1 assists in his G League rookie year.
The sign-and-waive is a common move for teams to retain the ability to keep players in their programs by creating a pathway to more money than the standard G League deal. If the player plays for the team’s G League affiliate for at least 60 days after being waived, they are eligible for a bonus of $85,300 this season on top of their G League salary.