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Magic opt to save cap space in waiving veteran G Nelson

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The Canadian Press
6/30/2014 5:21:02 PM
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ORLANDO, Fla. - The Orlando Magic have waived veteran guard Jameer Nelson.

The move, announced on Monday, ends the run of the Magic's longest-tenured player at 10 seasons.

Nelson was selected by Denver 20th overall in the first round of the 2004 draft, but was acquired by Orlando in exchange for a future first round pick on draft night.

He played in 651 regular season games in Orlando with 556 starts, averaging 12.6 points and 5.4 assists, and posting one All-Star season in 2009.

Nelson was entering the final year of a three-year contract, but had only $2 million of the $8 million remaining guaranteed. By waiving Nelson before July 16 the Magic are saving valued salary cap space.

He could re-sign with the Magic, but he's expected to garner free agency interest.

Jameer Nelson (Photo: Fernando Medina/NBAE/Getty Images)

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(Photo: Fernando Medina/NBAE/Getty Images)
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