The 31st pick in the 2020 draft, Terry surprised the league in December when he announced his retirement, citing mental health issues. The 22-year-old said he was experiencing severe anxiety and had “fallen out of love” with basketball.
Terry played 11 games for Dallas as a rookie and was waived prior to the start of the 2021/22 season, despite having guaranteed money left on his contract. He signed both a 10-day and a two-way contract with the Grizzlies last season, but only appeared in two games before being waived in July.
The Mavericks were on the hook for $1.8MM to Terry this season, but they petitioned the league to have the effect on their cap erased under a career ending injury exclusion. According to Marks, the league’s decision means Dallas’ projected tax bill will fall from $60.4MM to $53.7MM.