The Magic are converting center Colin Castleton‘s Exhibit 10 contract into a two-way deal, league sources tell Michael Scotto of HoopsHype (Twitter link).
As our tracker shows, Orlando has a two-way opening, so no corresponding move will be necessary to promote Castleton, who signed his non-guaranteed Exhibit 10 deal with the Magic in late August.
A Florida native who spent the final three years of his college career at UF, Castleton went undrafted in 2023 and spent 2023/24 — his rookie season — on a two-way contract with the Lakers.
Castleton was waived by L.A. shortly before the ’24/25 campaign began, but quickly caught on with Memphis on another two-way deal. He was released by the Grizzlies in January.
After spending a few months in the G League, the 25-year-old big man inked a pair of 10-day deals with Toronto in March before joining the 76ers on a 10-day pact in early April. The Raptors re-signed him to a two-year standard contract on the final day of the regular season, but the second year was non-guaranteed, and he was cut in late July.
In 26 total appearances for Memphis, Philadelphia and Toronto last season, Castleton averaged 4.7 points and 4.7 rebounds in 16.6 minutes per game.
As a two-way player, Castleton can be active for up to 50 of Orlando’s 82 regular season games. He will earn will earn $636,435 in 2025/26 — that figure will be non-guaranteed until January and does not count against the salary cap.