Landry never quite found his outside shot with the Lakers this preseason, averaging 4.0 points and 1.2 rebounds in six appearances.
The Lakers are down to the league maximum of 15 players, four of whom won't be fully guaranteed until Jan. 10.
Rookie Elias Harris has $100,000 of his contract guaranteed, which should cover at least the first month of his time with the team.
The Lakers selected Ryan Kelly with the 48th pick in the draft this year. His contract isn't guaranteed but the team may audition him for a few more months.