What happened: The Charlotte Hornets waived Ryan Nembhard as the corresponding roster move to the Buddy Hield-for-Rob Dillingham trade. The second-year guard will become an unrestricted free agent if he goes unclaimed.

Why it matters: Nembhard is expected to draw interest for a potential two-way contract. The Denver Nuggets remain a prime suitor if he reaches the open market.

What to watch: Teams have until 5 p.m. ET on Tuesday to submit a waiver claim.