The Nets have waived guard Kobe Bufkin, the team announced today. Shams Charania of ESPN first reported the news (via Twitter).
Bufkin was traded from the Hawks to the Nets last month in exchange for $110K in cash considerations. He joined a roster loaded with guard competition after the team took Ben Saraf, Egor Demin, and Nolan Traore in the first round of the 2025 draft.
Bufkin, 22, has struggled with injuries throughout his NBA career and has appeared in just 27 total games in his first two NBA seasons. He averaged 5.0 points and 1.6 assists in 11.9 minutes per game during his time with the Hawks.
The former 15th overall pick struggled to carve out much of a role with Brooklyn during preseason, averaging just 10.9 minutes in his two outings and scoring 7.0 PPG on .364/.375/.600 shooting splits.
As Bobby Marks of ESPN notes (via Twitter), because Bufkin’s $4,503,720 salary is fully guaranteed, the Nets will remain slightly above the minimum salary floor entering the season. Not reaching the floor would cause Brooklyn to lose its luxury tax distribution, which is projected to be around $12.8MM, Marks adds (Twitter link).
The move will also get Brooklyn’s roster within the regular season limits — the team now has 15 players on standard contracts and a pair on two-way deals.
Bufkin will become an unrestricted free agent if he clears waivers on Tuesday.