The Magic’s 2016 offseason, which saw them add Serge Ibaka, Bismack Biyombo, and Jeff Green while giving up Victor Oladipo and their lottery pick, received mixed reviews at best. Critics of the team’s moves were ultimately proven right, as Orlando landed in the lottery again, moving Ibaka prior to the trade deadline in an attempt to salvage last summer’s deal before he reached free agency. The Magic’s roster isn’t exactly overflowing with talent, but the club has a pair of first-round picks and a little cap flexibility heading into the summer.
Here’s where things currently stand for the Magic financially, as we continue our Offseason Salary Cap Digest series for 2017:
Guaranteed Salary
- Bismack Biyombo ($17,000,000)
- Evan Fournier ($17,000,000)
- Nikola Vucevic ($12,250,000)
- Terrence Ross ($10,500,000)
- D.J. Augustin ($7,250,000)
- Aaron Gordon ($5,504,420)
- Mario Hezonja ($4,078,320)
- Elfrid Payton ($3,332,340)
- C.J. Watson ($1,000,000) — Partial guarantee. Non-guaranteed portion noted below.1
- Total: $77,915,080
Player Options
- None
Team Options
- None
Non-Guaranteed Salary
- C.J. Watson ($4,000,000) — Partial guarantee. Guaranteed portion noted above.1
- Patricio Garino ($1,312,611)
- Marcus Georges-Hunt ($1,312,611)
- Stephen Zimmerman ($1,312,611)2
- Total: $7,937,833
Restricted Free Agents
- Damjan Rudez ($1,724,305 qualifying offer / $1,724,305 cap hold)
- Total: $1,724,305
Cap Holds
- Jeff Green ($18,000,000)
- Jodie Meeks ($12,426,000)
- No. 6 overall pick ($4,186,320)
- No. 25 overall pick ($1,516,200)
- Total: $36,128,520
Trade Exceptions
- Serge Ibaka TPE ($2,250,000) — Expires 2/14/18
Projected Salary Cap: $101,000,000
Maximum Cap Room: $15,751,170
- Orlando’s eight guaranteed salaries, cap holds for two first-round picks, and cap charges for two empty roster spots total $85,248,830 in team salary. The Magic aren’t likely to waive all their non-guaranteed players, but they don’t have any free agents they badly needs to bring back, so renouncing those FAs and getting close to their maximum cap room is possible.
Footnotes:
- Watson’s salary becomes fully guaranteed after July 10.
- Zimmerman’s salary becomes fully guaranteed after July 6.
Salary information from Basketball Insiders and The Vertical was used in the creation of this post.
Aaron Gordon for 2 non Nets first rounders and Terry Rozier. Who says no?
Orlando and I’m not even a Magic fan.
I don’t think Gordon’s that great but the Magic don’t really have anyone else to be the face of the team right now…