Magic waive Jameer Nelson
ORLANDO, Fla. -- The Orlando Magic's final link to their old regime is now gone.
The Magic waived Jameer Nelson on Monday, parting ways with their longest-tenured player in a move to save valuable salary cap space and turn a page toward the future. Nelson's departure comes just weeks before the team would have owed him $8 million for the final year of a three-year contract.
But by waiving him by July 16, Orlando owes the veteran point guard only $2 million in guaranteed money.
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