Orlando Magic Rumors | Hoops Rumors

Magic Re-Sign Moritz Wagner

July 11th, 2023 at 4:57pm CST by Luke Adams

JULY 11: The signing is official, the team’s PR department tweets. A league source tells Jason Beede of The Orlando Sentinel (Twitter link) that the second year of Wagner’s deal is a team option.

JULY 1: The Magic are re-signing unrestricted free agent forward/center Moritz Wagner, agent Jason Glushon tells ESPN’s Adrian Wojnarowski (Twitter link). Wagner will receive a two-year, $16MM contract, Woj adds.

Wagner, 26, has been a rotation regular for the Magic over the last two seasons, averaging 9.7 PPG, 4.1 RPG, and 1.4 APG on .499/.321/.826 shooting in 120 games (17.2 MPG).

Returning to Orlando will give Wagner the opportunity to continue playing alongside his brother Franz Wagner, who was the Magic’s lottery pick in 2021 and has emerged as a building block for the franchise.

Because Moritz has a minimum-salary cap hold and full Bird rights, the Magic will be able to use up all their cap room before going over the cap to complete his deal, tweets Yossi Gozlan of HoopsHype. Orlando could also still choose to operate as an over-the-cap team this season, since Joe Ingles‘ reported two-year, $22MM deal would fit into the mid-level exception.

It’s unclear whether the second year of Wagner’s contract will be guaranteed. The Magic have made a habit during the last two offseasons of signing free agents to two-year deals with only one guaranteed year, taking that route with Mohamed Bamba, Gary Harris, and (reportedly) Ingles.

NBA Reveals Dates, Groups For In-Season Tournament

July 8th, 2023 at 7:40pm CST by Arthur Hill

The NBA has announced the five-team groups that will used for the league’s first-ever in-season tournament, writes Tim Bontemps of ESPN. The unveiling took place Saturday during a special episode of ESPN’s “NBA Today” held at “NBA Con” in Las Vegas.

The groups were determined in a draw similar to what is used in soccer’s World Cup. There are six groups — three each from the Eastern Conference and Western Conference — and each conference was split into five pots based on last season’s standings. One team was randomly selected from each of the pots to determine the opening-round matchups.

The results are:

Group 1: Sixers, Cavaliers, Hawks, Pacers and Pistons.
Group 2: Bucks, Knicks, Heat, Wizards and Hornets.
Group 3: Celtics, Nets, Raptors, Bulls and Magic.
Group 4: Grizzlies, Suns, Lakers, Jazz and Trail Blazers.
Group 5: Nuggets, Clippers, Pelicans, Mavericks and Rockets.
Group 6: Kings, Warriors, Timberwolves, Thunder and Spurs.

The tournament will start with group play, which will match each team with the other four in its grouping. Those games will take place on Nov. 3, 10, 14, 17, 21, 24 and 28.

The winner of each group will advance to a knockout round, joined by the team with the best record in each conference among those who didn’t win a group. Quarterfinal games will be played Dec. 4 and 5, hosted by the higher-seeded teams. The four winners in that round will move on to T-Mobile Arena in Las Vegas for the Dec. 7 semifinals and the Dec. 9 championship game.

Bontemps points out that all teams will play within their conference until the last game, which guarantees an East vs. West matchup, just like the NBA Finals.

“Everybody’s not going to buy in right away,” admitted Joe Dumars, the NBA’s executive vice president of basketball operations. “So that can’t be the goal that everybody’s going to buy in from day one. These things take time. And I think, as time goes on, I think you can build this up and people can really get into it.”

The championship trophy will be called the NBA Cup, and players will receive $500K each for winning it. Other prize money includes $200K for second place, $100K for losing in the semifinals and $50K for losing in the quarterfinals. The league opted not to provide other incentives, such as a guaranteed playoff spot, for the tournament winner.

We passed along more details on the in-season tournament right here.

Stein’s Latest: RFAs, Washington, Mavs, Bol, JVG, Bojan

July 5th, 2023 at 2:23pm CST by Luke Adams

There has been more buzz in recent days about restricted free agents Grant Williams and Matisse Thybulle – who reportedly intends to sign an offer sheet with Dallas – than Hornets RFA P.J. Washington, Marc Stein writes in his latest Substack article. As Stein explains, there are a couple reasons for that.

For one, the Hornets are in a better position to a match a rival offer sheet than Boston or Portland. The Celtics project to be well over the luxury tax line, while the Trail Blazers still aren’t certain what their books will look like after they finalize a Damian Lillard trade.

Additionally, while the Celtics and Trail Blazers would both have to weigh whether or not to match offer sheets signed using the mid-level exception, such a deal would presumably be an automatic match for the Hornets with Washington. According to Stein, Washington is believed to be seeking a deal in the range of $18MM per year.

Here’s more from Stein:

Following up on a report that the Magic and Mavericks discussed a trade involving Bol Bol around the time of the draft, Stein explains that Dallas pitched the idea of taking on Bol as a salary dump along with Orlando’s No. 36 overall pick. The Magic turned down that proposal and ended up moving No. 36 for a 2030 second-round pick and cash.
Jeff Van Gundy, who was recently let go by ESPN, told the Mavericks he wasn’t interested in a job as an assistant on Jason Kidd‘s coaching staff, according to Stein, who says that it’s not yet known whether Van Gundy will attempt to return to coaching in some form or seek another broadcasting opportunity.
While teams around the league remain interested in acquiring forward Bojan Bogdanovic, the Pistons have held firm on their stance that they plan to keep the sharpshooting veteran, says Stein. There seems to be little concern about the Achilles issue that sidelined Bogdanovic for Detroit’s final 18 games, Stein adds, noting that the general sense is that the Pistons were just being “extra cautious,” with little to play for.

Magic Promote Anthony Parker To GM

July 5th, 2023 at 9:15am CST by Luke Adams

Former NBA wing Anthony Parker is receiving a promotion and will become the Magic‘s new general manager, reports Adrian Wojnarowski of ESPN.

Veteran executive John Hammond previously held that GM role in Orlando under president of basketball operations Jeff Weltman. However, Hammond has decided to transition to a senior advisory role, according to Wojnarowski. Hammond, who is 68, wanted to move into a position where he didn’t have to be a daily presence, adds Jeff Zillgitt of USA Today (Twitter link).

A first-round pick in the 1997 NBA draft and the older brother of longtime WNBA star Candace Parker, Anthony Parker appeared in nearly 500 regular season games across nine NBA seasons. He played in Philadelphia and Cleveland from 1997-2000 before spending several years in Israel and Italy. He returned to the NBA in 2006 and was with the Raptors for three years, then with the Cavaliers for three more.

After retiring as a player, Parker was a scout for the Magic from 2012-17. He became the general manager of the Lakeland Magic, Orlando’s G League team, in 2017 and was promoted to become the Magic’s assistant GM in 2021.

According to Wojnarowski, Parker has been a “sought-after” executive during much of his tenure in Orlando, but opted to remain with the Magic and prepare for eventually becoming a senior member of the front office.

In addition to promoting Parker, the Magic are elevating associate GM Pete D’Alessandro to executive vice president of basketball operations, sources tell Wojnarowski. D’Alessandro, who previously held the GM title in Sacramento, has been in Orlando since 2017.

The Magic have issued a press release (via Twitter) confirming the front office changes.

Magic Waive Bol Bol

July 4th, 2023 at 3:55pm CST by Luke Adams

The Magic have waived forward/center Bol Bol, the team announced today in a press release (Twitter link).

Bol had been on an expiring contract, with a non-guaranteed $2.2MM salary for 2023/24. That money was originally on track to become guaranteed if the big man remained on the roster through June 30, but he and the team agreed to push back the deadline.

The new guarantee date was Tuesday, tweets ESPN’s Bobby Marks, so Orlando decided to cut Bol before locking in his $2.2MM for the coming season.

Bol’s unique skill for his slender 7’2″ frame – including an ability to handle the ball – has long intrigued teams and fans, but he was limited to 53 games in Denver during his first three NBA seasons due to injuries. He enjoyed his best NBA season in 2022/23, staying on the floor for 70 games and averaging 9.1 points, 5.8 rebounds, and 1.2 blocks in 21.5 minutes per night.

While Bol’s overall numbers were solid, it was a tale of two seasons for the former second-round pick. He put up 11.9 PPG, 6.8 RPG, and 1.6 BPG with an impressive .584/.361/.740 shooting line in his first 41 appearances. In his final 29 games, he scored double-digit points just three times and had averages of 5.1 PPG, 4.3 RPG, and 0.7 BPG on .447/.098/.806 shooting.

It sounds like the Magic determined after the season that Bol wasn’t part of their plans going forward. According to Jake Fischer of Yahoo Sports (Twitter link), Orlando was exploring trading him around the time of the draft. The Suns and Mavericks were two teams mentioned as possible landing spots, though it’s not clear if either would still have interest, Fischer says.

A team would require $2.2MM in cap room or a trade exception that could cover that amount in order to place a waiver claim on Bol. If he’s not claimed, he’ll become an unrestricted free agent on Thursday.

The roster move gets Orlando down to 15 players on standard contracts for 2023/24.

Magic Sign Anthony Black, Jett Howard To Rookie Deals

July 1st, 2023 at 12:36pm CST by Alex Kirschenbaum

The Magic have officially signed rookie lottery picks Anthony Black and Jett Howard, the team has announced in a press release (Twitter link).

Based on the 2023/24 rookie scale, Black’s first-year salary is expected to be worth about $7.25MM, while Howard’s will be approximately $5MM. The first two years of both contracts will be guaranteed, while the Magic will hold team options on the third and fourth seasons.

The Magic selected Black, an SEC All-Freshman shooting guard out of Arkansas, with the sixth pick in last month’s draft. During his lone NCAA season, the 6’7″ swingman averaged 12.8 PPG, 5.1 RPG, 3.9 APG, 2.1 SPG and 0.6 BPG.

Howard, a 6’8″ wing out of Michigan, was drafted with the No. 11 selection. The 2022/23 All-Big Ten honoree averaged 14.2 PPG on .414/.368/.800 shooting splits, along with 2.8 RPG, 2.0 APG and 0.7 BPG, while a Wolverine under father and head coach Juwan Howard.

Joe Ingles Signs Two-Year Contract With Magic

June 30th, 2023 at 6:46pm CST by Dana Gauruder

JULY 7: Ingles has officially signed with the Magic, the team announced today in a press release (Twitter link).

JUNE 30: Free agent swingman Joe Ingles is joining the Magic on a two-year, $22MM contract, ESPN’s Adrian Wojnarowski tweets.

TNT and Bleacher Report’s Chris Haynes reported earlier (Twitter link) that the two sides were close to an agreement. Similar to the deals Orlando reached with Gary Harris and Mohamed Bamba last offseason, the Magic will hold an option on the second year of Ingles’ contract, Jeff Zillgitt of USA Today tweets. Harris had his 2023/24 salary guaranteed by the Magic earlier in the day.

He’ll add a veteran presence off the bench at the wing positions in Orlando.

Ingles spent last season with the Bucks, seeing action in 46 games off the bench. He averaged 6.9 points, 3.3 assists and 2.8 rebounds in 22.7 minutes. He also saw action in five postseason games.

Ingles tore the ACL in his left knee the previous season while playing for the Jazz. Ingles, 35, played regularly for eight seasons in Utah.

Eastern Notes: Dinwiddie, Bol, Pistons, Harris, Heat, Maxey

June 30th, 2023 at 4:30pm CST by Dana Gauruder

Spencer Dinwiddie is eligible for an extension later this offseason and there’s support within the Nets organization to add years to his current contract, according to Ian Begley of SNY.TV.

Dinwiddie is entering his walk year with a cap hit of $20,357,143. After being reacquired from Dallas last season, Dinwiddie started 26 regular-season games and averaged 16.5 points and 9.1 assists in 35.3 minutes.

We have more from the Eastern Conference:

The Magic have pushed back their decision regarding Bol Bol‘s contract, Jamie Seh of WKMG-TV tweets. Bol has a non-guaranteed $2.2MM salary for next season and the original deadline to guarantee his deal was Friday. If they don’t guarantee his contract, he’ll end up on waivers.
By trading for Joe Harris and his expiring contract rather than pursuing a high-level free agent, the Pistons are protecting the cap space for next summer while avoiding a potentially bad contract, according to James Edwards III of The Athletic. Handing a huge offer sheet to restricted free agent Cameron Johnson, as had been anticipated, would have meant overpaying for a role player. They could easily have $60MM in cap space to play with next summer for a better free agent market. Detroit won’t give up a player to the Nets in the trade for Harris, who will provide shooting and wing depth.
Agent Mark Bartelstein said Harris has spoken with Pistons GM Troy Weaver, coach Monty Williams and executive Arn Tellem, Mark Medina tweets. According to Bartelstein, the Pistons have wanted Harris “for a couple of years” and “he’ll have a great role there.”
The Heat only have veteran’s minimum contracts to offer to free agents, Barry Jackson of Miami Herald tweets. The cap-strapped Heat don’t have a trade lined up to clear enough cap space to use exceptions within league cap rules.
While the Sixers aren’t expected to pursue a rookie scale extension with Tyrese Maxey, they haven’t made him available in trade discussions, Kyle Neubeck of Philly Voice tweets.

Free Agent Rumors: Lopez, Rockets, DiVincenzo, Warriors, Saric, Mavs, Gordon, FVV, More

June 30th, 2023 at 3:46pm CST by Dana Gauruder

Bucks center Brook Lopez is expected to be offered a two-year contract worth approximately $40MM from the Rockets, Jake Fischer of Yahoo Sports reports.

Houston, which has the most cap space this summer, has a meeting lined up with Lopez. The veteran center’s free agent decision is expected to come down to remaining in Milwaukee or joining the Rockets. The Rockets have a 20-year-old center in Alperen Sengun, a 2021 first-rounder, but Lopez could serve as a mentor to Houston’s youthful big men while stabilizing its defense and stretching the floor offensively.

We have more free agent news:

Warriors guard Donte DiVincenzo has four meetings lined up on Friday and Saturday, Steve Popper of Newsday tweets. DiVincenzo entered the market when he declined his $4.7MM option. The Knicks, Timberwolves, Pelicans, Pistons, Rockets, Magic, and Bulls have all been mentioned as potential pursuers for DiVincenzo, who could command the full $12.4MM non-taxpayer mid-level exception. The Warriors can only offer a four-year, $23.2MM deal due to cap restrictions since they only held his Non-Bird rights.
The Warriors are likely to land unrestricted free agent Dario Saric, according to Monte Poole of NBC Sports Bay Area (Twitter link). Golden State is looking for a stretch four with a high basketball IQ and solid all-around skills. The 29-year-old Saric would also fit the team’s win-now approach. Saric, who tore his ACL during the 2021 playoffs, appeared in a total of 57 regular-season games with the Suns and Thunder this past season. The Warriors are generally seeking to sign swingmen and frontcourt players who shoot well on veteran’s minimum contracts, ESPN’s Marc J. Spears tweets.
Celtics restricted free agent Grant Williams will likely have to be patient to find an interested bidder, according to Fischer. Though the Celtics have acquired Kristaps Porzingis, it’s not out of the question Boston could match an offer sheet for Williams, who reportedly will have difficulty finding an offer above the non-taypayer mid-level exception.
The Mavericks has been linked to various wings and forwards, including Williams, Jae Crowder, Eric Gordon, and Malik Beasley, Fischer adds. League executives who have spoken to Yahoo Sports believe Gordon, who will enter the market after the Clippers decided not to guarantee his contract, could command the full mid-level or close to it.
Raptors guard Fred VanVleet is meeting with Toronto’s brass at the start of free agency and there’s optimism within the organization they can keep him in the fold, Michael Grange of Sportsnet.ca tweets. According to Grange, a four-year deal averaging $30MM might be enough to convince VanVleet, who declined a $22.8MM option in order to enter free agency, to re-sign.

Magic Guarantee 2023/24 Salaries For Markelle Fultz, Gary Harris

June 30th, 2023 at 1:29pm CST by Luke Adams

The Magic have decided to retain point guard Markelle Fultz and veteran wing Gary Harris through their respective salary guarantee dates, reports Jason Beede of The Orlando Sentinel (subscription required).

Fultz’s $17MM salary for 2023/24 had only been partially guaranteed for $2MM, while Harris’ $13MM cap hit was non-guaranteed. The Magic had to waive the two players today to avoid fully guaranteeing their ’23/24 salaries, but have apparently opted not to do so.

The No. 1 overall pick in the 2017 draft, Fultz started all 60 games he played for the Magic in 2022/23 after being limited to just 26 total appearances across the two prior seasons due to an ACL tear. Fultz enjoyed his best NBA season this past year, establishing new career highs in points (14.0), assists (5.7), and rebounds (3.9) per game while also shooting a career-best 51.4% from the field, including 31.0% on threes.

Harris, meanwhile, appeared in 48 games for Orlando last season, starting 42 of them and averaging 24.7 minutes per night. The 28-year-old made a career-high 43.1% of his three-point attempts, providing some much-needed floor spacing for a Magic team that ranked 25th in the NBA in three-pointers.

With Fultz and Harris on the books for next season, Orlando’s cap flexibility will be reduced. However, according to Jake Fischer of Yahoo Sports, the Magic isn’t planning to be a major player on the free agent market anyway.

It sounds like the team will focus on lower-cost free agents rather than trying to make a significant splash. Fischer hears from sources that veteran forward Joe Ingles is one candidate to sign with the Magic on a contract worth more than the minimum.