The Magic will exercise their 2014/15 options on Maurice Harkless, Andrew Nicholson, Nikola Vucevic, and Tobias Harris, according to Josh Robbins of the Orlando Sentinel (via Twitter). For Harkless and Nicholson, the options are for their third years, while for Vucevic and Harris, they're fourth-year options.
Given the promise shown by Orlando's young players on rookie-scale contracts, none of these decisions comes as any surprise, and the moves may not become official for a while. The deadline to exercise team options on rookie-scale contracts is October 31st, so the Magic aren't in any rush. Still, Robbins says the moves could become formally completed prior to October 1st.
Picking up all four options will ensure that Vucevic (due $2.75MM in 2014/15), Harris ($2.38MM), Harkless ($1.89MM), and Nicholson ($1.55MM) will all remain under contract until at least the summer of 2015. In the 2014 offseason, the Magic will face decisions on fourth-year options for Harkless and Nicholson, and will have the opportunity to sign Vucevic and Harris to contract extensions.