Max Cap Room
$14.1 million Nontaxpayer Mid-Level Exception
$5.1 million Bi-Annual Exception 

Potential Free Agents

• Gary Harris ($7.5 million team option, Full Bird Rights, Unrestricted)

• Moe Wagner ($11 million team option, Full Bird Rights, Unrestricted)

• Cory Joseph ($3.5 million team option, Non-Bird Rights, Unrestricted)

• Caleb Houstan ($2.2 million team option, Full Bird Rights, Restricted)

Summary

Even if the Magic lose all their potential free agents, they won't have meaningful cap room, barring any major trades. 

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Without counting the players with team options for '25-'26, the Magic will have $21 million below the luxury tax and $29 million below the first apron, with 11 players under contract (not including their first round picks). The space below the first apron either be used to retain Moe Wagner and/or Harris, or bring in talent using the Full MLE or BAE. 

 

Depending on what happens with their existing potential free agents, they might be over the first apron and only have the $5.7 million Taxpayer MLE to add talent.

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Potential Free Agency Targets
Backcourt Creation​

• D'Angelo Russell

• Alec Burks

• Bones Hyland

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Complementary veterans

• Dorian Finney-Smith

• Gary Trent, Jr.

• Tim Hardaway Jr.

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Shooting

• Bojan Bogdanovic

• Malik Beasley

• Garrison Mathews