Just In: After the departure of Jow Ingles, Magic looks forward to re-sign a key player who is currently unsigned with another team in the NBA

A 10-year veteran of the National Basketball Association, Joe Ingles, has reached an agreement with Minnesota for a one-year contract worth $3.3 million. This leaves Orlando with one standard contract roster place that needs to be filled through free agency. Kentavious Caldwell-Pope, a two-time NBA champion, has agreed to terms with the Magic, and the Magic have also brought back guard Gary Harris, as well as centers Moe Wagner and Goga Bitadze, on new contracts. Following the decision to draft Colorado forward Tristan da Silva the previous week, the Magic also made efforts to renegotiate and extend the contract of forward Jonathan Isaac.

Assuming that the Magic increased Isaac’s contract for the 2024-25 season to $17.4 million by $10 million, used a portion of the $8.1 million room mid-level exception for Bitadze, and re-signed Harris with his Bird Rights, the moves leave Orlando with a projected $7 million in cap space.

Markelle Fultz, a guard who has not yet reached an agreement with another team in the league over the terms of a new contract, may be considered for a return to the Magic. There are further alternatives available on the free-agent market, such as shooting guard Luke Kennard and point guard Tyus Jones, who had an average of 7.3 assists for the Wizards during the current season. Following the completion of a sign-and-trade agreement with the Warriors on Tuesday, the Timberwolves were in need of an acquisition such as Ingles. The deal saw the Timberwolves sending free agency forward Kyle Anderson, who is 30 years old, to Golden State.