The South Bay Lakers have acquired Devin Cannady via trade with the Lakeland Magic.
Cannady was one of Orlando's last cuts in training camp.
The Los Angeles Lakers will not hold any special rights over any other NBA team to sign Cannady.
Cannady shot 46.8 percent on three-pointers last season in the G League.
After their opening night loss, LeBron James lamented the lack of shooting currently on the roster of the Lakers.