76ers waive Jared Brownridge, who is expected to join Blue Coats.

*Update*

The Philadelphia 76ers have officially signed and then released point guard Jared Brownridge, a team official told Philly Sports Network. According to the Sixers, Brownridge is set to join the Delaware Blue Coats next season.

Brownridge has been reported to be signing a deal with Philadelphia soon, set to take place on September 3. The deal will allow him to receive a bye bonus if he remains with the team’s G League affiliate, the Delaware Blue Coats, for at least 60 days.

For the third time in four days, the Philadelphia 76ers have made a roster addition ahead of their upcoming training camp in the Bahamas. After previously signing Max Fielder and Judah Mintz over the holiday weekend, the team will now sign point guard Jared Brownridge, who will also receive a 10-year exhibition contract, according to Michael Scotto of Hoopshype.

Brownridge has a long history with the 76ers, having spent the past seven seasons with the team’s G League affiliate, the Delaware Blue Coats, joining the organization in 2018. After four seasons with Santa Clara, Brownridge went undrafted in 2017 and signed a season in Italy with Pallacanestro Mantovana, where he played in 18 games.

Since then, Brownridge has appeared in 200 games for the Blue Coats, playing a key role in their 2022-23 G League championship run.

This isn’t the first Schedule 10 contract the 76ers have signed Brownridge to. They did so in 2019, 2021 and 2023, waiving him each time.

What exactly is an Exhibit 10 contract and why the 76ers are still signing Brownridge:

The Schedule 10 contract is a one-year, non-guaranteed contract that is worth the league minimum salary and may include a bonus of up to $75,000 that will be awarded if the player (if released) remains with the team’s G League affiliate for at least 60 days.

That definition is part of the answer to why Brownridge is still with them. While he hasn’t provided much tangible, direct value to the 76ers on the court — he’s never played in an NBA game — the organization clearly values ​​him. His continued presence with the Blue Coats has continued to help develop Philadelphia’s young talent, playing alongside players like Shake Milton, Isaiah Joe, Paul Reed and Ricky Council IV.

Brownridge is expected to rejoin the Blue Coats this season and will line up in Delaware alongside current 76ers rookies Jared McCain, Adem Bona and Justin Edwards.