The Orlando Magic waived Devin Cannady on Saturday to become roster compliant for the 2022-23 regular season, which starts Tuesday.
Cannady’s release brings the Magic’s roster down to 15 players signed to standard contracts, in addition to their pair of two-way players (Kevon Harris and Admiral Schofield). Orlando also waived Jay Scrubb and Simi Shittu, who were signed to training camp deals.
After signing a 10-day deal with the Magic on March 31, Cannady signed a 3-year, $3.75 million partially guaranteed contract ($100,000 guaranteed for 2021-22) with Orlando on the final day of last season.
Cannady’s salaries for 2022-23 ($1.75 million) and 2023-24 ($1.9 million) weren’t going to be guaranteed until Jan. 10 of those seasons — leaving doubt as to whether he’d be on the team after preseason with the Magic needing to move at least one player before the regular season started.
He averaged 4 points and 2 rebounds in 7.3 minutes in four preseason games.
“He’s been great,” coach Jamahl Mosley said of Cannady ahead of the Magic’s preseason-ending win over the Cleveland Cavaliers on Friday. “From Day One, he’s been a professional. He carries himself so well. He’s done a great job pushing thse guys as well as pushing himself.”
Cannady averaged 10 points (40.5% on 3-pointers) and 2 assists in 28.9 minutes in five games last season.
He joined the Magic from their G League affiliate, the Lakeland Magic, after averaging 15.8 points on 46.8% shooting on 3s (59 of 126) in 16 games (11 starts) with Lakeland in 2021-22.
Cannady originally signed a 10-day deal with Orlando on April 6, 2021, before signing a two-way contract 10 days later.
He averaged 4.3 in 9.3 minutes in eight games before suffering an open fracture of his right ankle against the Indiana Pacers later that month and was waived five games later before the season ended later in May.
Cannady played in 13 games (nine starts) with Lakeland in 2021 before joining the Magic, averaging 11.7 points and shooting 40% on 3s.
He recorded 22 points, 6 rebounds and 4 assists and was named the G League Final MVP in Lakeland’s 2021 championship-clinching win over the Delaware Blue Coats.
Cannady, who went undrafted out of Princeton in 2019, has averaged 14.1 points on 38.7% shooting from 3 in 66 G League games (46 starts) with the Long Island Nets and Lakeland.
This article first appeared on OrlandoSentinel.com. Email Khobi Price at firstname.lastname@example.org or follow him on Twitter at @khobi_price.