Terrence Ross and the Orlando Magic finalized a buyout Sunday, paving the way for the veteran guard to join a playoff contender.

According to an ESPN report late Saturday night, the leading contender to sign Ross is the Phoenix Suns.

Ross, 32, began his career with the Raptors, who selected him with the No. 8 overall pick in the 2012 NBA Draft. He spent four-plus seasons in Toronto before being shipped to the Magic at the 2017 trade deadline.

In 712 career games (187 starts), Ross has averages of 11.0 points, 2.8 rebounds and 1.3 assists per game.

This season, he’s averaging 8.0 points, 2.0 rebounds, 1.3 assists and 22.5 minutes in 42 games (nine starts).

Ross is in the final season of a four-year, $54 million contract signed in July 2019.

Orlando also waived veteran guard Patrick Beverley on Sunday.

Beverley, 34, was acquired from the Los Angeles Lakers along with cash considerations and a future second-round draft pick from the Denver Nuggets, as part of a four-team trade Thursday.

In 45 starts with the Lakers this season, Beverley averaged 6.4 points, 3.1 rebounds and 2.6 assists per game. He didn’t play in any games since the trade to the Magic.

A second-round pick by the Lakers in 2009, Beverley has averaged 8.7 points, 4.2 rebounds and 3.4 assists in 571 games (483 starts) with the Houston Rockets, Los Angeles Clippers, Minnesota Timberwolves and Lakers.

–Field Level Media