The Magic have waived Timofey Mozgov, reports Joshua Robbins of The Athletic.
Mozgov’s contract, originally signed with the Lakers, was a disaster from the start. He has one year left on his deal, worth $16.7 million. The Magic intend to stretch the final year of his contract, which will split up the total into cap-hits of $5.6 million over each of the next three seasons and create space under the luxury tax.