JANUARY 17: The Heat have officially signed Guy to a two-way contract, per NBA.com’s transactions log. The move allows the team to keep Guy active for Monday’s game vs. Toronto.
JANUARY 16: The Heat are waiving rookie guard Marcus Garrett and give his two-way slot to Kyle Guy, tweets Anthony Chiang of The Miami Herald. The team has officially confirmed (via Twitter) that Garrett has been released.
Garrett, who hasn’t played since late December, will undergo season-ending wrist surgery, Chiang adds. He will remain around the team for rehab purposes until the season is over, according to Ira Winderman of The Sun-Sentinel (Twitter link).
Garrett signed a two-way contract in September after going undrafted out of Kansas. He appeared in 12 games, averaging 1.1 points and 1.9 rebounds in 10.7 minutes per night.
Guy joined the Heat last month as a hardship addition and signed a second 10-day deal last weekend. He’s averaging 8.2 PPG in six games while shooting 51.4% from the field and 45% from three-point range.