Cannady finished the 2021/22 season in Orlando, signing a multiyear deal that kept him under contract with the team offseason. However, his ’22/23 salary was non-guaranteed, so he had an uphill battle to crack the regular season roster on a team that already had 15 players on guaranteed contracts.
Cannady averaged 10.0 PPG and 2.0 APG in five games (29.0 MPG) with the Magic last season, knocking down 15-of-37 three-pointers (40.5%) in those five appearances.
Scrubb and Shittu both signed their Exhibit 10 contracts within the last week, so it comes as no surprise that they’ve been released. There’s a good chance we’ll see both players suit up for the Lakeland Magic, Orlando’s G League affiliate, and it’s possible Cannady will join them — Lakeland still holds his returning rights.
The Magic now have a legal regular season roster, with 15 players on standard contracts and a pair on two-way deals. It’s unclear if the club intends to make any more moves between now and Monday’s roster deadline.