Raptors Waive Matt Morgan

A day after signing him, the Raptors have released rookie guard Matt Morgan, tweets Blake Murphy of The Athletic.

Morgan, who went undrafted out of Cornell in the spring, played for Toronto’s Summer League team and impressed the organization with his shooting skills, according to Murphy. He averaged 22.2 PPG in 31 games (32.3 MPG) as a senior last year and shot 43.1% from beyond the arc.

As Murphy notes, Morgan’s one-day stint on the Raptors’ roster was designed to get him an Exhibit 10 bonus after he joins the Raptors 905, Toronto’s G League affiliate. That bonus will be worth $50K if he sticks with the NBAGL squad for at least 60 days.

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