11:59pm: The team still has yet to announce the waiver, but the move has taken place, according to the RealGM transactions log.
4:35pm: The Magic have waived combo forward Chris Copeland, Shams Charania of The Vertical on Yahoo Sports reports (via Twitter). The Magic claimed Copeland off waivers after he was released by the Bucks on Monday in order to clear a roster slot for the team’s signing of Steve Novak. Josh Robbins of The Orlando Sentinel was the first to report that Orlando intended to waive Copeland.
Orlando saved itself approximately $315K by claiming Copeland as it allowed the team to reach the $63MM salary floor, as Bobby Marks of The Vertical on Yahoo Sports explained. The Magic will be responsible for the remainder of Copeland’s $1.1MM salary for 2015/16 and his entire cap hit, provided he clears waivers. Orlando’s roster count now stands at 14 players, one below the league maximum.
The Bucks had signed Copeland this past offseason, but the veteran never made much of an impact with the team. The 31-year-old is averaging 2.1 points and 0.5 assists in 6.5 minutes per game this season. The 31-year-old’s career numbers are 5.8 points, 1.6 rebounds and 0.6 assists to accompany a slash line of .427/.365/.752.