The Pelicans have made a roster move just one game into the regular season, announcing today in a press release that they’ve waived Jaden Springer.
Springer, a defensive-minded guard who made New Orleans’ opening night roster after coming to camp on a non-guaranteed Exhibit 9 deal, was active for Wednesday’s game, but didn’t see any action. He appeared in a pair of preseason contests, averaging 3.5 points, 2.0 rebounds, and 1.5 assists in 6.3 minutes per game.
Because Springer’s salary was non-guaranteed, the Pelicans will only carry a small dead-money cap hit after waiving him. The 23-year-old will be paid for the three days of the regular season he spent under contract, as well as the two days he spends on waivers.
In total, he’ll earn 5/174ths of his $2,461,463 salary, which works out to $70,732. That’s also the cap hit that will be left on New Orleans’ books, assuming Springer goes unclaimed on waivers.
The Pelicans now have an open spot on their 15-man standard roster and have roughly doubled their breathing room below the luxury tax line, to over $4MM.