On July 27, Beijing time, the 76ers officially announced the waiving of Dalen Terry. Terry's $2.6 million contract was non-guaranteed, so the team incurred no financial obligation after cutting him.


This news was widely anticipated. The 76ers are constrained by the hard cap of the first apron, which leaves them with insufficient cap space to sign both LeBron James and Kentavious Caldwell-Pope. Waiving Terry allows the team to sign one of them, but to bring in both players, the 76ers need to execute another move.
Another player on the roster with a non-guaranteed contract is Jabari Walker (strictly speaking, only $250,000 is partially guaranteed). The 76ers could choose to waive Walker to free up enough cap space to sign James and Caldwell-Pope, or they could seek a trade or waive Johnny Broom, whose $2.2 million cap hit is fully guaranteed. According to reporter Aryan, the 76ers plan to waive Broom.

It is reported that if James were to accept a one-year minimum contract, he would take the 15th and final regular roster spot, and the team's total salary would still remain under the first apron hard cap. In that case, the 76ers could have subsequently waived Terry and signed Pope. However, James' contract being for an extra year means his cap hit is close to $3.9 million, rather than about $2.5 million. This difference may seem insignificant, but it forces the team to undergo a series of complex roster adjustments at the back end of the lineup.
Terry spent the first three and a half seasons of his career with the Bulls. After being traded twice and then waived by the Pelicans in February, he cleared waivers and joined Philadelphia on a two-way contract. In April, he signed a two-year standard contract with the 76ers.

Terry is a native of Arizona. He played two seasons in college and was selected with the 18th overall pick in the first round of the 2022 NBA Draft. It is said that he is well-liked in the 76ers' locker room, but he has yet to secure a stable spot in the NBA rotation. In his career, he has appeared in 218 games, averaging 11.2 minutes, 3.5 points, 1.7 rebounds, and 1.2 assists per game.