In order to make room for the recently acquired Elfrid Payton, the Phoenix Suns have waived injured point guard Isaiah Canaan, as reported by 98.7 FM Arizona’s Sports Station’s John Gambadoro. The team made the move official Thursday evening. Canaan fractured his left ankle in gruesome fashion on Jan. 31 against the Dallas Mavericks. It was announced the following day that Canaan had successful surgery and there is no timetable for his return. The 26-year-old was signed under the injury hardship exemption in mid-December and the team waived point guard Mike James once that exemption wore off. He provided what the Suns were lacking at the position, a veteran point guard who was a steady 3-point shooter.