Cannady suffered an open fracture of his right ankle in the first quarter when he landed awkwardly while trying to contest Edmond Sumner's layup. Magic center Mo Bamba was so shaken by the sight of the injury that he took his jersey off and placed it over Cannady's badly broken and bleeding ankle.
"Sickening. First, of all [Cannady] is a good guy who has worked his tail off to get better," said Tyrone Corbin, who directed the Magic with head coach Steve Clifford out after testing positive for COVID-19 on Saturday. "It's just sickening to see him go down like that. We're praying for him.''
The former Princeton star was set for surgery Sunday night. He was part of the Lakeland Magic's G League title team this year and signed a two-way contract with the Magic on April 16.
Cannady, 24, entered Sunday's game averaging 4.9 points in seven games this season.
The Associated Press contributed to this report.