Magic waive Jameer Nelson

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The Orlando Magic will waive longtime point guard Jameer Nelson, saving $6 million on their salary cap next season, according to Josh Robbins of the Orlando Sentinel. The move ends the point guard’s 10-year tenure with the club.

The 32-year-old Nelson was slated to make $8 million next season in the final year of his deal, but would only count for $2 million on Orlando’s cap if waived before July 15. Orlando elected to let him go instead of keeping him or finding someone to accept him in a trade.

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