Harris has a $7.5 million team option for 2025-2026, and if the Magic decline that option he will be an unrestricted free agent with a $14.3 million cap hold and full Bird rights. As his cap hold exceeds the salary he will get in free agency, his cap hold is not really relevant.  If the Magic re-sign Harris, his cap hold will be replaced by his starting salary, and the Magic may still have some cap space available depending on his salary and what happens with their other free agents. If the Magic need to maximize their cap space, they could decline his option but re-sign at the same amount of his team option or slightly more by re-signing him using the Room Mid-Level Exception after using their cap space. It's more likely though that the Magic operate over the cap in 2025 and retain some of their own free agents while possibly having the full Non-Taxpayer MLE and the Bi-Annual Exception to add players. Depending on how close the Magic are to the luxury tax after free agency (or on how much cap space they need), if Harris is brought back by the Magic on a multi-year contract they could benefit from frontloading his contract, as it could give them additional flexibility in the future. If Harris hits free agency, other teams will have multiple ways to sign Harris as even teams without cap space could use either the Non-Taxpayer MLE, Taxpayer MLE, or possibly even the Room MLE or Bi-Annual Exception to sign him. It's also possible that Harris only gets offers for the minimum.