The Sixers have waived guard/forward Dalen Terry, the team announced (via Twitter). Terry’s $2.6MM contract is non-guaranteed, so the 76ers won’t be on the hook for any money by waiving him.

The news was expected, as Philadelphia is hard-capped at the first apron and didn’t have enough room beneath that threshold to finalize the signings of LeBron James and Kentavious Caldwell-Pope. Waiving Terry will enable the team to add one of those players, but the Sixers will have to make another move to sign both.

The only other player whose salary is non-guaranteed (it’s technically a $250K partial guarantee) is Jabari Walker. The 76ers could waive him and create the room necessary to sign James and Caldwell-Pope, or they may look to trade a player like Johni Broome, who’s $2.2MM cap hit is guaranteed.

Terry spent his first three-and-a-half seasons with Chicago. After being traded twice and then waived by New Orleans in February, he caught on with Philadelphia on a two-way deal after clearing waivers, then was converted a two-year standard contract in April.

An Arizona native who played two years of college ball for the Wildcats, Terry was selected 18th overall in the 2022 draft. While he was reportedly popular in the Sixers’ locker room, he has yet to establish himself as a rotation player in the NBA, averaging 3.5 points, 1.7 rebounds and 1.2 assists in 218 career appearances (11.2 minutes per game).

More to come…