October 21: The Nets waived both Chandler and Gardner, the team announced (Twitter link via Spotrac’s Keith Smith).
In all likelihood, both players received Exhibit 10 contracts that will make them eligible for bonuses worth up to $75K if they’re waived by Brooklyn and then spend at least 60 days with the Long Island Nets. Neither player’s G League rights are held by another team, so the Nets will be able to make them both affiliate players. Exhibit 10 deals can also be converted to two-way contracts, and Brooklyn does have an open two-way slot.
Chandler, the 38th overall pick in the 2022 draft, signed a four-year contract with the Grizzlies last July that included three guaranteed seasons. However, the team opted to waive him in April to make room on the roster for Kenneth Lofton, eating his salaries for 2023/24 and ’24/25.
As a rookie, Chandler appeared in 36 NBA games, averaging 2.2 points and 1.6 assists in 7.8 minutes per night. He was more effective in 12 G League games with the Memphis Hustle (15.3 PPG, 6.2 APG) and this summer with Brooklyn’s Summer League team (14.0 PPG, 5.4 APG), though he continued to struggle with his outside shot — after hitting just 24.0% of 4.2 attempts per game in the NBAGL last season, he made 2-of-14 (14.3%) in Las Vegas.
Gardner, meanwhile, reached his Exhibit 10 agreement with the Nets back in July after playing for the Heat in Summer League and before representing Egypt at the World Cup. The big man, who transferred to Marist for his final year of college ball, averaged 19.1 points and 6.6 rebounds in 30.9 minutes per game (33 games) in 2022/23. He also had a three-point percentage of 38.3%, an impressive mark for a 6’11” frontcourt player.
Brooklyn had only been carrying 18 players on its preseason roster, so no cuts were necessary to make room for Chandler and Gardner. The club still has one opening on its 21-man squad.