The Orlando Magic waived guard Au'Diese Toney on September 23 in a move that is already effective and allowed them to adjust the roster heading into training camp for the 2026/27 NBA season.
A waiver after an Exhibit 10 signing
The transaction came on the same day Toney signed an Exhibit 10 contract with the franchise. The Magic formalized the addition and then executed the waiver, a common preseason pattern to tie developmental players to the organization while keeping them available for the G League affiliate.
This is an official waiver, not a trade or a loan. Toney is off the NBA roster, although Orlando still holds his G League rights and could bring him back through Osceola Magic.
Profile and recent path
Toney is a 26-year-old guard with NBA experience in Oklahoma City and Milwaukee, plus a recent G League season with the Noblesville Boom in which he averaged 12.1 points, 3.9 rebounds, 1.6 assists and 1.1 steals in 30.0 minutes per game.
That developmental wing profile did not guarantee a spot on a roster that also moved Ace Baldwin Jr., Ricky Council IV and Jarron Cumberland in similar transactions that same day.
What it means for Orlando
For the Magic, the move is not a core roster loss but a numbers adjustment before training camp opens. The franchise can still keep Toney inside its development ecosystem if he returns to Osceola Magic.
The transaction was logged in the official player movement feed on NBA — X oficial, while RealGM — Basketball Wiretap framed the waiver as part of the Exhibit 10 sign-and-waive block Orlando completed before finalizing its preseason roster.
