The Magic have waived guard Ronnie Price, the team announced via press release. His minimum salary contract was to have gone from non-guaranteed to fully guaranteed had Orlando failed to release him by the end of July 10th, as our schedule of contract guarantee dates shows.
Orlando agreed to a two-year, $9MM deal with Ben Gordon earlier today, crowding a backcourt that includes Victor Oladipo, Evan Fournier, Willie Green and rookie Elfrid Payton. The team also acquired swingman Devyn Marble, the No. 56 pick in Thursday’s draft.
Price was little-used last season in Orlando, appearing in only 31 games and averaging 2.4 points in 12.2 minutes per contest. Agent Mike Higgins will now help the 31-year-old look for a deal in unrestricted free agency.