8:50pm: The Nets have officially waived Bembry, according to a team press release.
Brooklyn was required to cut a player today in order to complete the team’s blockbuster deal with the Sixers. The Nets are acquiring three players – Ben Simmons, Seth Curry, and Andre Drummond – in that trade and only sending out two (James Harden and Paul Millsap).
Bembry, 27, has played well for Brooklyn in 2021/22, beginning the season on a partially guaranteed contract and earning a full guarantee based on his strong performance. In 48 games (19.8 MPG), he has averaged 5.8 PPG and 3.2 RPG on .568/.417/.600 shooting while providing defensive versatility.
Bembry will likely draw interest around the league as a free agent, or even before he clears waivers, since any team could claim his one-year, minimum-salary contract using a minimum salary exception. If Bembry goes unclaimed, Brooklyn will be on the hook for his full $1,669,178 cap hit.