The San Antonio Spurs have traded guard Devonte’ Graham to the Charlotte Hornets. The Hornets then waived Graham, allowing him to become a free agent. The trade involved the Spurs sending Graham and a second-round pick to the Hornets, with Charlotte also receiving cash considerations in the deal.

Graham was set to enter the final year of his contract with the Spurs, where he had seen limited playing time. He averaged 5.0 points and 2.1 assists in the games he played for San Antonio last season. The move is seen as part of the Spurs’ focus on playing younger players and potentially creating cap space for future moves.

The Hornets are expected to use their cap room to absorb Graham’s salary, which includes a partial guarantee of $2.85 million out of his total $12.65 million contract for 2024-25. This trade allows the Spurs to gain additional cap relief, projecting up to about $19 million in cap space following this transaction.

Overall, this trade benefits both teams by allowing Graham to explore free agency while providing the Spurs with financial flexibility and potentially setting up future moves for both franchises.