The Orlando Magic have signed point guard Devin Cannady to a two-way contract, president of basketball operations Jeff Weltman said in a release.
Cannady, 24, is 6-foot-2 and signed a 10-day contract with the Magic back on April 6. He was waived a week later, but not before appearing in three games and averaging 4.7 points.
He was also named MVP of the G League Finals with the Lakeland Magic, who emerged from the G League bubble as champions. Cannady went undrafted out of Princeton in 2019.