Magic Decline Options, Eye Moves After Bane Trade

After trading for Desmond Bane from the Memphis Grizzlies, the Orlando Magic declined team options for veteran guards Gary Harris ($7.5 million) and Cory Joseph ($3.47 million), making both unrestricted free agents. These moves were made to create cap space and avoid the NBA’s first apron salary threshold, giving the team flexibility for additional roster changes. The Magic currently have 12 players under contract, three open spots, and still hold the No. 25 pick in the upcoming NBA draft, with decisions pending on Moe Wagner and Caleb Houstan. Harris and Joseph, who saw reduced roles during the 2024-25 season, could re-sign with Orlando after July 6 or join other teams in free agency. The team is reportedly considering further aggressive moves to strengthen their standing in the Eastern Conference. These actions reflect Orlando's ongoing strategy to balance roster building with salary cap management following the acquisition of Bane.