As we noted yesterday, the Magic lost an asset this weekend, when the team let the $17.8MM trade exception created by last August's Dwight Howard deal expire unused. As Steve Kyler of HoopsWorld explains in his latest piece, Orlando explored a few possible uses for the exception. Ultimately though, it didn't make a whole lot of sense to take on additional salary when the club is already paying substantial amounts to players no longer on the roster. Here's more from Kyler:
- The Magic are still talking to Hedo Turkoglu about a buyout, but there's a belief that he may have some value at the trade deadline as a big expiring contract. As such, he may remain on the roster beyond opening night, says Kyler.
- Orlando remains undecided on what to do with second-round pick Romero Osby, who the team has said could earn a spot on the roster. If the Magic extend a training camp invitation to Osby, they'd have to either sign or waive him.
- According to Kyler, the Bucks offered Monta Ellis a four-year, $46MM contract in free agency last month. If those numbers are accurate, they signal how uninterested Ellis was in remaining in Milwaukee, since he eventually settled for a three-year deal from the Mavericks worth about $20MM less.
- The Bucks continue to discuss an extension with Larry Sanders, and Kyler says it sounds like Sanders could get the sort of deal Ellis didn't — something that could be worth up to $46-50MM for four years, depending on incentives.