The Philadelphia 76ers have waived guard Dalen Terry. This was one of two transactions the Sixers will have to complete to sign LeBron James and Kentavious Caldwell-Pope.

Terry's contract was non-guaranteed. Waiving him opens up room for Philadelphia under their first-apron hard cap.

The 76ers had added Terry on a two-way contract in mid-February. They signed him to a two-year standard deal in mid-April, ahead of the end of the regular season. Terry started last season with the Chicago Bulls before being traded to the New Orleans Pelicans, then the New York Knicks ahead of the trade deadline.