The not-so-merry-go-round continues for Kay Felder.

The former Oakland University sharp shooter was waived Friday by the Toronto Raptors, marking the fifth team he's said goodbye to since entering the league in 2016.

Felder, 23, a history-making point guard in three years at Oakland, signed a one-year, veteran-minimum ($1.6 million) contract with the Raptors during the offseason.

He was waived after appearing in three preseason games, and averaging 7.7 points and 2.0 assists in 13.8 minutes.

Felder was drafted late in the second round in 2016 by the Atlanta Hawks, who sold his rights to the Cleveland Cavaliers. A year later, he was dealt back to the Hawks, who immediately waived him. He also played briefly with the Chicago Bulls and Detroit Pistons, bouncing between the G-League and the NBA.

In 58 NBA games, Felder averaged 3.8 points and 1.3 assists. In 20 G-League games in Grand Rapids, he averaged 15.8 points and 5.8 assists.

The Raptors on Friday also waived center Eric Moreland, who, like Felder, spent last season with the Pistons.

NBA teams must set their Opening Night rosters by 5 p.m. Monday, with the regular season getting under way Tuesday.

Twitter: @tonypaul1984