The Magic waived Patrick Beverley, who was acquired from the Lakers in Mo Bamba trade, and Terrence Ross, who spent seven years in Orlando.
Pat Bev has been linked with his former team, the Timberwolves. For his part, Ross is expected to sign with the Suns.
This season Beverey is averaging 6.4 points, 3.1 rebounds and 2.6 assists in 26.9 minutes per game.
Ross is averaging 8 points, 2 rebounds and 1.3 assists in 22.5 minutes per game.