The 26-year-old guard got into just one game and saw four minutes of action before being let go. Although the Rockets are short-handed because of injuries, Canaan didn’t play in Friday’s game at Charlotte, Feigen notes, with Bobby Brown being used as the backup point guard.
Houston will incur a $53K cap hit for Canaan, according to Bobby Marks of ESPN (Twitter link). The move brings the Rockets’ roster back down to 14 players.
This is the second time Canaan has been waived in the past two weeks. He spent the preseason with the Thunder, but didn’t survive the final roster cut.