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Jeff Teague will become a free agent after being waived by Orlando.
The Orlando Magic have waived point guard Jeff Teague, the team announced on Saturday.
Teague, along with two future second-round Draft picks, was acquired from the Boston Celtics at the trade deadline in exchange for Evan Fournier.
The @OrlandoMagic have waived guard Jeff Teague.
He was acquired from Boston along with two future second round draft picks in exchange for Evan Fournier on March 25.#MagicTogether
— Orlando Magic PR (@Magic_PR) March 27, 2021
The team previously announced that Teague will not be reporting to the team, with Orlando consequently acquiring a $17 million trade exception.
Teague, 32, appeared in 34 games this season for Boston with averages of 6.9 points and 2.1 assists in 18.1 minutes.