Orlando had been carrying 16 players on fully guaranteed contracts, so the team needed to trade or waive at least one player who was owed guaranteed money. As such, it's not a huge shock that the Magic dropped Eyenga, who sat out the team's preseason games with a hamstring injury. The 23-year-old, a former first-round pick, was acquired as part of the Dwight Howard trade, and had a $2.12MM option for 2013/14, which it seems won't be exercised. His $1.17MM 2012/13 salary will count against the Magic's cap, however, unless he's claimed on waivers.
With Eyenga and Johnson off the roster, the Magic will need to make three additional cuts to reach the regular-season maximum of 15 players. DeQuan Jones and Chris Johnson also have non-guaranteed deals, making them candidates to be released. E'Twaun Moore's contract is mostly non-guaranteed as well, with just a $90K buyout.