After re-signing Aaron Gordon to his four-year, $76MM deal, using part of their mid-level exception to reach agreements with rookies Melvin Frazier and Isaiah Briscoe, and adding a reliable backup point guard in Jerian Grant to spell incumbent starting point guard D.J. Augustin, the Magic are likely finished adding players to their roster through free agency this summer, reports Josh Robbins of the Orlando Sentinel.
“We’re in a pretty good place with our financial flexibility, all things considered, but the roster is done as we sit here today,” Magic President of Basketball Operations Jeff Weltman says. “We don’t feel like there are any holes that we need to shore up. We can always get better, and we’ll always be on the lookout for ways to get better. At this point, that would come probably more in the form of a trade if we were to do anything for the remainder of the summer.”
The Magic are currently projected to have a team salary around $110.9MM, assuming the team retains the services of backup guard Rodney Purvis, whose $1.4MM salary is non-guaranteed. Per Robbins, Orlando will also look to fill its open slots for two-way contracts and could bring in additional players on training camp deals.
The statement from Weltman all but puts to rest the speculation surrounding Isaiah Thomas, who was reported to be “negotiating a possible deal” with the Magic last week. Per Robbins, Orlando considered Thomas, but negotiations never took place, as the club believes Augustin is fully capable of leading this year’s squad.
“We’re always looking for ways to improve our roster at every position, but we are in capable hands with D.J.,” Weltman said. “D.J. is a very good player and he’s coming off the best year of his career under trying circumstances. D.J. represents what we want to be about: a professional who prepares, who plays for his teammates and who always brings the same personality to the team irrespective of the highs and lows of the season.”
Weltman also added that newly-acquired center Timofey Mozgov is not currently a candidate to be bought out, despite likely being buried on the depth chart behind Nikola Vucevic and heralded rookie Mohamed Bamba. Rather, the team hopes Mozgov will impact the team off the court through his experience and professionalism.
Should the Magic change their mind and decide to re-enter the free-agent fray, they still have nearly $7MM of their mid-level exception remaining after signing both Frazier and Briscoe to deals exceeding two seasons.