There are “rumbles in circulation” that the Magic are a team to watch as a suitor for free agent guard Nickeil Alexander-Walker this offseason, reports Marc Stein of The Stein Line (Substack link).
Alexander-Walker, who was traded from Utah to Minnesota at the 2023 deadline as part of a bigger three-team deal, has emerged as a reliable rotation player for the Timberwolves over the past two seasons.
Since the start of the 2023/24 campaign, the 26-year-old has averaged 8.7 points, 2.6 assists, and 2.6 rebounds in 24.4 minutes per game, with a .438/.386/.787 shooting line. He has also served as one of Minnesota’s top point-of-attack defenders and has been extremely durable, having not missed a game in over two years.
While the Timberwolves would certainly like to have Alexander-Walker back on the roster next season, they may face a financial squeeze after operating above the second tax apron this year, which could open the door for rival suitors to make a run at him.
The six-year veteran is coming off a $4.3MM salary and has never earned more than $5MM in a season, but appears to be in line for a significant raise. Several teams with the non-taxpayer mid-level exception ($14.1MM) figure to have interest, and Jake Fischer reported in February that some executives believe Alexander-Walker could earn up to $20MM per year on his next contract.
Whether the Magic will be in position to make an aggressive offer to Alexander-Walker remains to be seen. They have roughly $175MM in guaranteed money committed to 11 players for next season and the luxury tax line projects to come in just under $188MM, so if they want to make a play for the Wolves guard while staying out of the tax, they’d probably have to shed some salary.
Orlando has long been viewed as a team likely to seek backcourt help this summer, though much of that speculation has centered around the Magic targeting more of an offensive-minded player to complement defensive ace Jalen Suggs. While Alexander-Walker doesn’t really fit that bill, he has been a more reliable three-point shooter than Suggs in recent years.