Devin Cannady: Waived by Orlando

Cannady was waived by the Magic on Tuesday, Philip Rossman-Reich of OrlandoMagicDaily.com reports.

Cannady signed a 10-day contract with Orlando a week ago, but he apparently didn't do enough to earn an additional contract with the team. In three appearances, the 24-year-old scored 4.7 points per game on 42.9 percent shooting.