The Bobcats will look to trade center Erick Dampier, but they'll have to wait until after Sept. 13 when he can be included in multiplayer deals.
Charlotte hoped to waive Dampier to clear cap space and then sign him to a more inexpensive contract, but the veteran didn't agree.
He has a $13 million non-guaranteed contract.
The Bobcats added Kwame Brown earlier this week when it was apparent that they wouldn't get Dampier for cheaper.
"It's going to take a while," Charlotte general manager Rod Higgins said of dealing Dampier.
"Now that we've got another center, waiving him for the sake of waiving him doesn't make a whole lot of sense for us. We're going to continue to talk to teams to try to improve our roster."