The Pistons have re-signed center Paul Reed and waived wing Javante McCoy, according to the team’s PR department (Twitter links).
Detroit signed McCoy to a standard, non-guaranteed contract on Sunday. That turned out to be just a stopgap in order for the Pistons to reach the minimum salary floor while Reed was on waivers.
Detroit needed to fill a roster spot after cutting Reed on Saturday because that move dropped the Pistons to $1,417,936 below the minimum salary floor, which they were required to reach by the end of Sunday. Detroit is now back at the minimum salary floor as a result of bringing back Reed and is still the only NBA team with cap room, holding about $14MM in space, ESPN’s Bobby Marks tweets.
Reed had a $7.7MM salary this season that would have become fully guaranteed next month. Instead, he will return as Detroit’s third-string center on a more team-friendly deal. He’ll get the veteran’s minimum, Omari Sankofa of the Detroit Free Press tweets.
Reed, 25, was the 58th overall pick of the 2020 draft out of DePaul. He spent his first four seasons with the 76ers, who waived him in July to create enough cap room to sign all of their external free agents. The Pistons claimed him a couple days later.
Reed was a rotation regular with Philadelphia last season, averaging 7.3 points, 6.0 rebounds, 0.8 steals and 1.0 blocks in 82 games (19.4 MPG). He has appeared in 12 contests this season, averaging 4.8 PPG, 1.9 RPG and 0.8 SPG in 10.4 MPG.
Despite being on the roster for just 24 hours, McCoy will be paid for four days — the two he spent on the roster and the two he’ll spend on waivers. That will result in a prorated salary of $47,265.
It’s likely that McCoy will just rejoin Detroit’s G League team. The 6’5” McCoy has appeared in 12 games this season for the Motor City Cruise, averaging 14.7 points, 4.4 rebounds and 2.8 assists in 26.1 minutes per game. McCoy is also shooting 51.4% from 3-point range.
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