Orlando Magic Rumors | Hoops Rumors

Magic Re-Sign Gary Harris On Two-Year Contract

July 2nd, 2024 at 1:34pm CST by Dana Gauruder

JULY 6: Harris’ contract is official, the Magic announced today in a press release (Twitter link). The deal is worth $7.5MM annually, with a team option on year two, tweets Michael Scotto of HoopsHype.

JULY 2: Harris’ deal will actually be worth $15MM over two years, a source tells Wojnarowski (Twitter link).

JULY 1: The Magic are re-signing veteran swingman Gary Harris on a two-year, $14MM contract, ESPN’s Adrian Wojnarowski tweets.

Harris’ name had been bandied about as a reasonably-priced free agent option for numerous clubs but he opted for continuity. Harris is taking a pay cut — he made $13MM in each of the last two seasons.

Harris has spent the last three-and-a-half seasons with Orlando after playing six-and-a-half seasons with the Nuggets. The 29-year-old has been a starter most of his career but came off the bench in half of his 54 regular-season appearances last season. He averaged 6.9 points — his lowest output since his rookie season — along with 1.7 rebounds and 1.6 assists in 24 minutes per game.

During his 570-game NBA career, Harris has averaged 11 points, 2.4 rebounds and 1.9 assists. He’s a career 37% 3-point shooter.

He’ll likely slot in as the second-unit shooting guard behind Kentavious Caldwell-Pope, the Magic’s splashy free agent acquisition. KCP agreed to a three-year, $66MM deal to leave Denver.

Free Agency Rumors: Theis, Magic, Heat, Raptors, Rockets

July 2nd, 2024 at 9:19am CST by Luke Adams

Veteran center Daniel Theis has received interest in free agency from several suitors, including the Grizzlies, Pelicans, and Bucks, reports Kelly Iko of The Athletic (Twitter link).

Theis won the 2023 FIBA World Cup with Germany last year, then joined the Clippers in the fall after negotiating a buyout with the Pacers. He served as the backup center in Los Angeles while Mason Plumlee missed time due to an injury and averaged 6.3 points, 4.1 rebounds, and 0.9 blocks in 17.1 minutes per game across 59 outings.

A second-apron team, Milwaukee is limited to offering minimum-salary contracts to outside free agents, while Memphis and New Orleans have financial constraints of their own to consider, so Theis is unlikely to secure a big payday from any of those suitors. Still, they could certainly offer him a path to playing time.

The Grizzlies traded away Steven Adams and Xavier Tillman last season, while New Orleans lost Jonas Valanciunas and Larry Nance Jr. this summer. Milwaukee has Brook Lopez manning the middle, but his name came up in trade rumors last month.

Here are a few more free agency notes from around the NBA:

Although the Magic still have a chunk of cap room left over, they don’t appear to be aggressively pursuing outside free agents using that room. Jason Beede of The Orlando Sentinel (subscription required) hears that there continues to be mutual interest in new deals for free agents Moritz Wagner and Joe Ingles — if both players return, Orlando would have 15 players on standard contracts. A report on Monday suggested the team is also exploring using some cap room to renegotiate and extend Jonathan Isaac‘s contract.
Caleb Martin doesn’t have a deal in place with a new team yet, but Ira Winderman of The South Florida Sun Sentinel (Twitter link) still views him as “all but gone” from the Heat. Re-signing Haywood Highsmith remains a possibility for Miami, per Winderman, who says the team may also sign another veteran free agent for the minimum. Winderman names Dennis Smith Jr. as a possible Heat target.
Free agent wing Gary Trent Jr. appears likely to leave the Raptors, according to Eric Koreen of The Athletic. As Koreen details, Toronto’s agreement with Garrett Temple means there are already 15 players projected to be on guaranteed contracts if second-round picks Jonathan Mogbo and Jamal Shead are signed using the second-round exception, as expected. In other words, the team’s free agent business might be just about done.
Kelly Iko of The Athletic hears that Trent had some interest in reuniting with former teammate Fred VanVleet in Houston, but the Rockets are another team who likely won’t do much more free agent shopping. Following the additions of Reed Sheppard and AJ Griffin, along with a new deal with Aaron Holiday, Houston projects to have 15 players under contract. While the Rockets would certainly still be interested in acquiring a young star, the two players they’ve been monitoring most closely, per Iko – Donovan Mitchell and Devin Booker – aren’t available, and the asking price for Jazz forward Lauri Markkanen was considered too high.

Southeast Notes: Valanciunas, Salaun, Simpson, Wagner, Heat

July 1st, 2024 at 10:35pm CST by Dana Gauruder

Reaching a three-year agreement with 32-year-old center Jonas Valanciunas seems like an odd move for a rebuilding team. So why did the Wizards do it?

As Josh Robbins and William Guillory of The Athletic see it, Valanciunas’ presence will allow second overall draft pick Alex Sarr to develop at a slow and steady pace. Sarr needs to add bulk and muscle to his seven-foot frame and Valanciunas can match up against more physical centers. The veteran can also serve as a role model to the team’s other younger players.

We have more from the Southeast Division:

Hornets lottery pick Tidjane Salaun suffered a minor laceration near his knee but is expected to be available for the start of Las Vegas Summer League next week. However, he will unavailable when the team begins mini-camp in Sacramento on Tuesday. Second-round pick KJ Simpson won’t play during either the Sacramento or Las Vegas Summer Leagues as he continues to rehab a hamstring injury suffered during the pre-draft process. He is expected to be fully recovered and available at the start of training camp this fall, according to the team’s PR department (Twitter links).
The Magic have reached an agreement with backup big Goga Bitadze but they’re still interested in re-signing Moritz Wagner, who reciprocates that interest, Jason Beede of the Orlando Sentinel tweets. Orlando declined its $8MM option on Wagner’s contract prior to free agency.
Other than reaching a two-year agreement with Kevin Love, the Heat haven’t done much in terms of their 15-man roster during the first two days of free agency. It’s a product of the team’s salary-cap crunch, according to Anthony Chiang of the Miami Herald. They don’t have much to offer to outside free agents and new restrictions in the CBA make it harder to pull off a trade. Miami also doesn’t have much draft capital to facilitate those deals.

Fischer’s Latest: Markkanen, Isaac, DeRozan, Lakers, D-Lo, Nets

July 1st, 2024 at 6:51pm CST by Luke Adams

The Jazz are “welcoming” inquiries on Lauri Markkanen, according to Jake Fischer of Yahoo Sports, who wonders if Utah’s offseason could play out like Brooklyn’s has. The Nets agreed to trade Mikal Bridges after efforts to pair him with an impact player came up short. Utah has also explored the trade market for a possible second star to complement Markkanen, talking to Brooklyn about Bridges (as previously reported) and to the Hawks about both Dejounte Murray and Trae Young, sources tell Fischer.

While it’s possible the Jazz will follow the Nets’ lead, selling off their lone star after failing to land another one, they don’t appear eager to part with Markkanen. According to Fischer, the Jazz have conveyed that they remain interested in renegotiating and extending Markkanen’s contract later this offseason and that listening to every offer for the star forward is just about due diligence.

As reported earlier today, both the Warriors and Spurs have interest in Markkanen, Fischer confirms, naming the Kings and Timberwolves as a couple more teams to watch. However, Sacramento’s reluctance to put Keegan Murray on the table in trade scenarios – which NBA personnel believe would be necessary to land Markkanen – may result in the Kings shifting their trade focus to Pelicans forward Brandon Ingram, Fischer writes. As for the Wolves, they’re operating over the second apron and barely have any future draft capital available, so it’s hard to envision a way for them to make a serious play for Markkanen.

Here’s more from Fischer:

The Magic may not end up using all of their cap room on free agents or trades — according to Fischer (Twitter link), they’re working on possibly renegotiating and extending forward Jonathan Isaac‘s contract. A team with cap space can use it to give a player a raise on his current-year salary, then reduce his salary by up to 40% in the first year of an extension, so Orlando may be looking at essentially giving Isaac a bonus this season to get him a team-friendly deal beginning in 2025/26.
Although LeBron James has expressed a willingness to take a pay cut if it allows the Lakers to bring in an impact player, Fischer writes that the team seems to be running out of potential targets – and time – to make that happen. The Lakers “hold an affinity” for DeMar DeRozan, but they’d likely have to incorporate a third team to move off some salary, including perhaps D’Angelo Russell or Gabe Vincent, to have a shot at DeRozan, according to Fischer.
The Nets could be a trade destination for Russell. Sources tell Fischer that Brooklyn has been open to the idea of a reunion with Russell since February’s trade deadline.
If Klay Thompson had re-signed with the Warriors, the plan was to bring him off the bench next season behind second-year guard Brandin Podziemski, according to Fischer. Thompson appears likely to be a starter in Dallas.

Magic Re-Sign Goga Bitadze On Three-Year Deal

July 1st, 2024 at 5:10pm CST by Dana Gauruder

JULY 6: The Magic have officially re-signed Bitadze, the team announced today in a press release.

JULY 1: The Magic have reached a three-year agreement with one of their own free agents, center Goga Bitadze, ESPN’s Adrian Wojnarowski tweets. The contract will be worth $25MM.

Orlando signed Bitadze midway through the 2022/23 season after the Pacers waived the former first-round selection. The Magic then exercised their $2.07MM team option on him last summer.

Bitadze started 33 games last season, appearing in 62, and averaged 5.0 points, 4.6 rebounds, 1.3 assists and 1.2 blocks per contest.

Bitadze has a minimum cap hold that will put the Magic in position to go over the cap to re-sign him with his Early Bird rights, cap expert Yossi Gozlan tweets. That would allow the Magic to preserve their remaining $27MM in cap space and still have the $8MM room exception at their disposal.

The Knicks were viewed as a possible suitor for Bitadze, but reporting earlier today indicated that the Magic were prepared to offer more for him that New York could realistically put on the table.

Bitadze figures to once again back up Wendell Carter Jr. Orlando declined its team option on Moritz Wagner but could still work out another contract with the 27-year-old big man.

Magic Guaranteeing Caleb Houstan’s 2024/25 Salary

June 30th, 2024 at 11:00pm CST by Luke Adams

The Magic are guaranteeing Caleb Houstan‘s $2.02MM salary for the 2024/25 season, according to Jason Beede of The Orlando Sentinel (subscription required).

Houstan’s contract included a salary guarantee deadline of June 30, meaning Orlando had to waive him on Sunday in order to avoid locking in his minimum salary. However, the decision to guarantee that money was long expected and had been accounted for in the club’s cap room projections for the summer, Beede writes.

Houston, 21, was the 32nd overall pick in the 2022 draft. He has played a modest role off Orlando’s bench in his first two NBA seasons, averaging 4.1 points and 1.7 rebounds in 14.8 minutes per game across 110 total regular season appearances (17 starts).

The 6’8″ forward shoots almost exclusively from beyond the arc – he attempted 193 three-pointers and just 13 two-pointers in 2023/24 – and bumped his three-point percentage to 37.3% on 3.3 attempts per game in his second NBA season.

Houstan’s contract includes a $2.19MM team option for the 2025/26 season.

Four other players besides Houstan had June 30 salary guarantee dates in their contracts, as our tracker shows. Chris Paul (Warriors) and Troy Brown (Pistons) were waived prior to the deadline, while Alex Caruso (Thunder) was assured of his full guaranteed following the trade to Oklahoma City. There has been no specific reporting on Jaden Hardy‘s guarantee, but it’s safe to assume the Mavericks will lock in the $2.02MM salary for the promising young guard.

[Update: Michael Scotto of HoopsHype has confirmed (via Twitter) that Hardy’s salary for 2024/25 is now guaranteed.]

Paul George To Leave Clippers, Likely Headed To Sixers

June 30th, 2024 at 7:31pm CST by Dana Gauruder

The Clippers were unable to gain any traction in negotiations with Paul George‘s representative and the veteran forward will sign elsewhere, according to ESPN’s Adrian Wojnarowski (Twitter link)

Aaron Mintz of CAA, George’s agent, and Clippers president Lawrence Frank spoke a short time ago, Woj reports, but there was no new movement on a contract and George is prepared to join a new team. The Clippers have released a lengthy statement confirming the news, as Ohm Youngmisuk of ESPN relays (via Twitter).

“Paul has informed us that he is signing his next contract with another team,” the Clippers announced. “… We negotiated for months with Paul and his representative on a contract that would make sense for both sides, and we were left far apart. The gap was significant. We understand and respect Paul’s decision to look elsewhere for his next contract. We explored an opt-in and trade scenario, but it would have left us in a similar position under the new CBA, with very little asset value to justify the restrictions.

“We will miss Paul. At the same time, we’re excited by the opportunities we’ve now been afforded, including greater flexibility under the new CBA.”

The Clippers now project to operate well below the first tax apron, so they’ll have the $12.9MM mid-level exception and a $4.7M bi-annual exception at their disposal. However, they won’t have the cap room necessary to sign a player capable of replicating George’s production.

Meanwhile, the Sixers will meet with George in California this evening and are the strong frontrunners to sign him, Wojnarowski confirms (Twitter links).

A report earlier on Sunday expressed optimism on the 76ers’ front that they’d land their top free agent target. The Athletic’s Law Murray now reports that George will likely make a decision tonight and no other teams besides Philadelphia are in the running for his services (Twitter link).

Philadelphia is armed with ample cap room to sign a max-level free agent and is reportedly prepared to offer George the four-year, maximum-salary contract the Clippers were unwilling to put on the table. Throughout their negotiations with George, the Clippers remained steadfast on a three-year deal, similar to Kawhi Leonard’s contract extension. Leonard signed a three-year, $152.4MM contract in January.

Another potential suitor, the Magic, essentially took themselves out of the picture by reaching a three-year agreement with another high-level wing, Kentavious Caldwell-Pope.

FA/Trade Rumors: Hartenstein, Ingram, Harris, A. Holiday

June 30th, 2024 at 6:45pm CST by Rory Maher

With free agency officially underway, sources tell Shams Charania of The Athletic and Stadium that the Thunder are meeting with UFA center Isaiah Hartenstein in his hometown of Eugene, Oregon (Twitter link).

According to Charania, the Magic — who just agreed to a three-year, $66MM deal with Kentavious Caldwell-Pope — are prioritizing wings with their cap room, while the Knicks are trying to figure out how to avoid being hard-capped at the first apron as part of the Mikal Bridges trade, possibly opening the door for Oklahoma City. Charania also lists the Jazz as a team with interest in Hartenstein, but Utah is “focused on current roster decisions.”

Hartenstein, 26, is the top center on the open market after Nic Claxton agreed to a four-year, $100MM deal to return to Brooklyn.

Here are a few more trade and free agency rumors from around the NBA:

Sean Cunningham of Fox40 KTXL confirms the Kings have interest in trading for Pelicans forward Brandon Ingram (Twitter link). As Cunningham observes, Ingram previously played under Alvin Gentry, who is now in a front office role with Sacramento. A one-time All-Star, Ingram will earn $36MM in 2024/25, which is the final year of his contract. New Orleans is reportedly unwilling to give the 26-year-old a maximum-salary extension, making Ingram a prime trade candidate.
The Pistons, Jazz, Spurs and Mavericks are among the teams interested in free agent forward Tobias Harris, who is meeting with potential suitors in California, a source tells Keith Pompey of The Philadelphia Inquirer. All four clubs have previously been linked to Harris, who has spent the past five-plus seasons with the 76ers. With no cap room available, Dallas would only be able to acquire Harris in a sign-and-trade, Pompey notes.
While the Rockets have interest in a reunion with veteran guard Aaron Holiday, they also recognize that he might find an opportunity for more minutes elsewhere, according to Kelly Iko of The Athletic. The 27-year-old has multiple suitors in free agency, Iko adds. It’s worth noting that Houston drafted Kentucky guard Reed Sheppard with the No. 3 overall pick last week.

FA/Trade Rumors: Wings, Pistons, Pelicans, Valanciunas

June 30th, 2024 at 4:55pm CST by Rory Maher

The free agent wing market could be held up temporarily until Paul George, Klay Thompson and Kentavious Caldwell-Pope have agreed to new contracts, says Jake Fischer of Yahoo Sports.

That outcome was always expected, with those three swingmen likely limiting other players’ options. Cap-room playoff teams like the Sixers and Magic reportedly have interest in both George and Caldwell-Pope, while the Mavericks, Lakers and Clippers are among Thompson’s suitors.

The Pistons are another team with significant cap room, but Fischer hears Detroit is more interested in taking on unwanted salaries in exchange for draft assets rather than pursuing marquee names like George.

Here are a couple more items of interest from Fischer:

The Pelicans are trading for former All-Star Dejounte Murray, who has a 15% trade kicker. However, sources tell Fischer there’s a chance that Murray may not receive that full 15% for salary-matching and cap reasons, describing the situation as “open-ended.” New Orleans is also on the hunt for a starting center with Jonas Valanciunas an unrestricted free agent — the team was recently linked to Magic big man Wendell Carter.
Speaking of Valanciunas, Fischer hears from sources who say the Lithuanian veteran is expected to draw interest from the Lakers and Wizards.

Report: Growing Optimism Sixers Will Land Paul George

June 30th, 2024 at 3:11pm CST by Luke Adams

There’s “growing optimism” that the Sixers will be able to win the Paul George sweepstakes and land the star forward, reports Chris Haynes of Bleacher Report (Twitter link).

George, who declined his 2024/25 player option with the Clippers on Saturday, is expected to meet with the 76ers, the Magic, and the Clips on Sunday night after the free agent period officially opens. Both Philadelphia and Orlando are said to be willing to offer a four-year, maximum-salary contract for George and have the cap room necessary to do so.

In addition to putting a four-year max deal on the table for him, the Sixers can offer George the opportunity to team up with 2023 MVP Joel Embiid and 2024 Most Improved Player Tyrese Maxey, creating a formidable big three that would make Philadelphia a legitimate contender in the Eastern Conference.

Marc Stein reported this afternoon that the Sixers are exploring ways to maximize their cap room and land both George and Kentavious Caldwell-Pope. As cap expert Yossi Gozlan tweets, a maximum-salary contract for George would leave Philadelphia with only about $13MM in cap room, plus the $8MM room exception.

Acquiring either George or Caldwell-Pope via sign-and-trade could allow for a higher starting salary for KCP, but would require the cooperation of the player’s old team and would hard-cap the 76ers’ team salary at the first tax apron.

Teams aren’t permitted to negotiate or reach agreements with outside free agents until after the NBA’s free agent period officially opens at 5:00 pm Central time today.