Egwu, 23, went undrafted out of Illinois in 2015 after earning Big Ten All-Defensive First Team honors as a senior. The 23-year-old center then landed with the Magic's Blue team in the Orlando Pro Summer League, posting averages of 3.2 points, four rebounds, and 1.4 blocks.
In September, he signed a camp contract with the Magic, but Orlando's depth at its power positions--what with Nikola Vucevic, Dewayne Dedmon, Channing Frye, and Jason Smith--made him face long odds to make the team. He finished the preseason by averaging 1.5 points, 2.5 rebounds, and 0.3 blocks in 6.7 minutes across four appearances.
When Orlando opens its season Wednesday against the Washington Wizards, it will have 14 players under contract, one shy of the league maximum. Keeping that spot open gives the Magic some flexibility to add a player during the season.
The Magic previously cut Keith Appling, Jordan Sibert, Melvin Ejim, and Greg Stiemsma. Appling and Sibert are set to join the Magic's NBA D-League affiliate, the Erie BayHawks.