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Chris Copeland Waived by Magic 1 Day After Signing Contract

Veteran forward Chris Copeland was claimed off waivers by the Orlando Magic on Wednesday, but his time in the Sunshine State is already over.

According to The Vertical's Shams Carania, the Magic waived Copeland a day after signing him for the sole purpose of reaching the league's $63 million salary floor. Charania added that Copeland will now pursue a new deal.

Because the Magic waived Copeland before March 1, he will be eligible for the playoffs, assuming he latches on with a new team, according to the Vertical's Bobby Marks.