Southeast Notes: Stephenson, Nelson, Wizards

The Magic have more money that counts against the cap for players who are no longer with the team than any other NBA franchise this season, notes Eric Pincus of Basketball Insiders. That $14.2MM figure is likely to escalate soon with partial guarantees out to four of the team’s camp invitees. It also doesn’t include the cash going to the amnestied Gilbert Arenas, which doesn’t affect the cap. Still, Orlando isn’t alone, since “dead money” is piling up around the league as teams make cuts in advance of opening night. There’s more on the Magic amid the latest from the Southeast Division:

  • Lance Stephenson admits he wanted to re-sign with the Pacers, but he told Candace Buckner of the Indianapolis Star that he wasn’t ready to commit when the team set a tight deadline for him to accept its offer. The team quickly moved on and struck a deal with C.J. Miles on the second day of free agency, depleting its limited room against the luxury tax line, and that sealed Stephenson’s departure, as the new Hornets guard said to Buckner. “They didn’t have nothing else. They had no more money or anything. That was basically it right there,” Stephenson said. “Soon as I said no to that offer, they went and signed C.J. I figured they thought I had no chance of coming back, they just went on and signed C.J. … I felt like it was a wrap after that.”
  • The Pacers did follow up their five-year, $44MM offer to Stephenson with offers of three and four years, Buckner writes, refuting an earlier report.
  • Jameer Nelson‘s agent, Steve Mountain, said as recently as June that the point guard wanted to remain with the Magic for this season, but Nelson tells Tim MacMahon of ESPNDallas.com that he instead felt it was time to leave Orlando. The Mavs signee referred to his departure from the Magic, who waived him at the end of June, as a mutual decision.
  • Wizards GM Ernie Grunfeld doesn’t think the lack of a one-to-one D-League affiliate significantly hinders his team, but he nonetheless told Jorge Castillo of The Washington Post that the Wizards are looking into the possibility of having a D-League partner for future seasons.

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