Having officially signed Pau Gasol on Sunday, the Bucks had to make a corresponding roster move to open up a spot for their new big man. As the only player without a full-season contract, Isaiah Canaan was the odd man out. The Bucks announced (via Twitter) that his 10-day contract has been terminated, a few days before it was set to expire.
Canaan, 27, signed with the Bucks last Monday and managed to get into four games with the team, though his minutes were very limited. The well-traveled point guard has appeared in a total of 30 contests in 2018/19, spending time in Phoenix and Minnesota in addition to Milwaukee. He has averaged 6.0 PPG and 2.8 APG with a .390/.354/.792 shooting line on the season.
Although Canaan was under contract through March 1 and has now been released, he’d retain his playoff eligibility if he joins a new team down the stretch, since he doesn’t have to go through waivers.
As for the Bucks, they’ll continue to carry Canaan’s full 10-day cap hit (approximately $85K) despite only keeping him on their roster for seven days. Having signed Gasol, Milwaukee now has a full 15-man roster, with all 15 players on full-season contracts.