Glen Davis and the Orlando Magic will part ways, after general manager Rob Hennigan made the announcement on Friday that the two sides had mutually agreed on a contract buyout , dropping the Magic’s roster to 12 players.

Davis had been with Orlando since being traded by the Boston Celtics back in December of 2011, and averaged 11.7 points, 6.2 rebounds, and 1.3 assists per game during his 138-game stint with the Magic.

The release of Davis comes at a time where the Magic organization is in a rebuilding phase and between his age and contract, he just didn’t seem to be in Orlando’s future plans.

“As we continue to chart what we believe is the best course of action for our organization, maximizing the development of our young players remains of critical importance. This agreement allows us an opportunity to do just that,” said Hennigan in a statement. “We were able to reach a buyout agreement with Glen that was mutually beneficial, and we certainly wish Glen all the best as he continues his playing career.

“We thank him for his service and contributions to the organization and the Central Florida community”

Orlando will now be paying Davis’ for his buyout until the 2016-17 season. Davis will be allowed to look for a new home before the season is over, opening up the opportunity for him to sign with a playoff contender.

With Davis out of the picture the Magic will now need to fill his roster spot. Early reports have Orlando signing former University of Memphis forward Adonis Thomas, who is averaging 16.6 points and 4.2 rebounds per game with the Springfield Armor of the NBA Development League.