The Magic have released Von Wafer, according to a team press release. The move reduces Orlando's roster to 14 players, seven of whom are under contract for next season.
Wafer signed a three-year, minimum-salary deal with Orlando in December, but only the first season was guaranteed. Wafer's cap hit for the Magic for 2011/12 was about $1.07MM, but the team won't be on the hook for any more of the 26-year-old's salary. Wafer, who averaged 5.9 points and 14.2 minutes in 33 games this season, will become an unrestricted free agent once he clears waivers.
With Wafer no longer on the roster, Orlando has one more nonguaranteed deal to consider — the Magic can avoid paying J.J. Redick's $6.19MM salary if they decide to waive the sharpshooter before August 8th.