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Hornets set roster, give Joe Chealey a two-way contract

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With preseason in the books, the Hornets have finalized their roster.

NBA: Preseason-Charlotte Hornets at Boston Celtics Bob DeChiara-USA TODAY Sports

With the preseason slate complete, the Charlotte Hornets did some roster cleanup to get ready for the regular season. According to Hornets.com, the Hornets waived Zach Smith and converted Joe Chealey's contract to a two-way deal.

Smith never seemed long for the Hornets roster; he only saw the court for two minutes during the preseason. His release gives the Hornets 14 full time players, meaning the team has one open roster spot. That spot will likely remain open as as the team fields trade calls and monitors the G League for standouts.

After an impressive Summer League and solid spot duty in the preseason, Chealey will stay with the team via a two-way contract. With their two-way deals, Macura and Chealey will spend the majority of the 2018-19 season on the Greensboro Swarm, but they'll be allowed to spend up to 45 days with the Hornets. The previous regime did little with this new roster function, as Marcus Paige and Mangok Mathiang were among the most sparsely used two-way players in the NBA last season. With the new regime seemingly more flexible and forward thinking with their youth, that shouldn't be the case this season.

With the roster set and the two-way contracts handed out, the Hornets are ready to go with the season just four days away.