The 76ers waived Dalen Terry on Sunday, a precursor to clear roster space for LeBron James and Kentavious Caldwell-Pope.
James on Friday announced his intention to sign with the 76ers on a two-year deal, the first at the veteran minimum and the second a player option. Caldwell-Pope negotiated a buyout from his deal with Memphis, reportedly with the intent of joining his former Lakers teammate LeBron in Philly.
The Phillies need cap space under the first apron, and the first way to get there is by waiving Terry.
Terry appeared in 14 games as a 76er, averaging 4.1 points, 1.6 rebounds and 1.6 assists in 12.4 minutes. He was picked up after being waived by the Bulls, where he spent his first three and a half seasons after Chicago took him with the 18th overall pick in the first round of the 2022 draft.
Terry was signed to a two-way contract on Feb. 10, then converted to a standard contract on April 10 so he could be available for the postseason after Cam Payne’s injury. The team exercised an option for the 2026-27 season on June 29.
The 76ers need one more move to facilitate its acquisitions. It could come from trading or waiving someone like Jabari Walker, or it could come by waiving second-year center Johni Broome with a contract extension.