The Magic have signed free agent guard Devin Cannady, waiving center Jeremiah Tilmon in order to clear room on their 20-man roster, the team announced today in a press release. While details weren’t disclosed, it figures to be a non-guaranteed camp contract for Cannady.
Undrafted in 2019, Cannady has spent most of his first two professional seasons in the G League. After playing for the Long Island Nets as a rookie, he joined the Magic for training camp in December, then suited up for Orlando’s G League affiliate, the Lakeland Magic, during the 2020/21 “bubble” season.
Cannady’s regular season numbers in 13 games (25.8 MPG) for Lakeland were relatively modest, as he averaged 11.7 PPG, 2.8 RPG, and 2.7 APG. However, the 24-year-old knocked down 40% of his three-point attempts and played a key part in the Magic’s postseason run, scoring 22 points in the team’s NBAGL championship win to earn Finals MVP honors.
That performance earned Cannady a 10-day deal with Orlando and then a two-way contract with the team. However, his season came to an early end in April when he suffered a significant ankle injury and underwent surgery.
It’s unclear when Cannady will be back to 100%, but – like Tilmon – he’s probably not in the mix for a spot on the Magic’s regular season roster at this point anyway. Orlando likely signed him in order to ensure he receives an Exhibit 10 bonus for returning to Lakeland.
The Magic have a full 20-man preseason roster, with 15 players on guaranteed contracts, four on non-guaranteed deals, and one on a two-way pact.