10:38pm: The signing is official, the team announced in a press release.
Jeff Dowtin‘s 10-day deal will expire at the end of the day on Thursday, so it’s logical to assume Cannady will replace him on the 15-man roster.
Cannady was waived by the Magic during training camp. Undrafted in 2019, Cannady has spent most of his three professional seasons in the G League.
He had a 10-day deal and two-way contract with Orlando last season and appeared in eight games. However, his season came to an early end in April when he suffered a significant ankle injury and underwent surgery.
In 16 G League games this season, he’s averaging 15.8 PPG and 1.9 APG in 26.5 MPG while making 47% of his 3-point attempts.
Dowtin appeared in four games since signing his 10-day.