Orlando Magic 2024 Free Agents

The Orlando Magic will have 7 players going into free agency, but more players could become free agents depending on how much cap space the Magic want to open this summer.

Before going in-depth on the Orlando Magic upcoming free agents, let’s first look at their cap sheet.

The Magic will have 7 players entering free agency, but that number could climb up to 11 players depending on how much cap space the Magic want to open this summer.

• Jonathan Isaac has a $17.4 million non-guaranteed contract that will fully guarantee by January 10, 2025. Barring significant injury, the contract for Isaac should guarantee.

• The Magic have until June 29 to exercise Joe Ingles’ team option for $11 million.

• The Magic have until June 29 to exercise Moritz Wagner’s $8 million team option.

• The Magic have until June 30 to waive Caleb Houstan, if not, his contract will fully guarantee for $2 million.

As mentioned above, the Magic waiving players on non-guaranteed deals will come down to who they’re chasing in free agency. The Magic have been rumored to have interest in Paul George and D’Angelo Russell, if they enter free agency, as well as Klay Thompson.

In a scenario for George, the only way for the Magic to open the $49.3 million in cap space to send George a max contract would be to keep Isaac, but waive Ingles, Wagner, and Houstan. That would open $50.3 million in cap space for the Magic.

Now let’s look at the Magic free agents.

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Markelle Fultz 6’4” - Unrestricted Free Agent

Position - Combo guard. Fultz played 59% of his minutes at the 1 and 41% of his minutes at the 2.

All position minutes data for all free agents via CleaningTheGlass.com

Free agent status - Fultz will be an unrestricted free agent with a $25.5 million cap hold on Orlando’s books with full bird rights.

NBA Experience - Fultz will be 26 when next season begins, with 7 years of NBA experience.

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Gary Harris 6’4” - Unrestricted Free Agent

Position - Wing. Harris played most of his minutes at the 2.

Free agent status - Harris will be an unrestricted free agent with a $19.5 million cap hold on the Magic cap sheet, with full bird rights.

NBA Experience - Harris will be 30 next season, with 10 years of NBA experience.

Latest Rumors - Could Harris get offers from a cap space team like the Detroit Pistons?

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Chuma Okeke 6’7” - Restricted Free Agent

Position - Forward. Okeke played 66% of his minutes at the 3 and 30% of his time at the 4.

Free agent status - The Magic have until June 29 to make Okeke a restricted free agent, by tendering him a $7.3 million qualifying offer. Okeke has full bird rights.

NBA Experience - Okeke will be 26 when next season begins, with 4 years of NBA experience.

Latest Rumors - Back in November, teams who reportedly had interest in Okeke were the Cleveland Cavaliers, Phoenix Suns, Denver Nuggets, and Milwaukee Bucks.

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Goga Bitadze 6’10” - Unrestricted Free Agent

Position - Center. Bitadze played almost all of his minutes at the 5.

Free agent status - Bitadze will be an unrestricted free agent with a $2 million cap hold and early bird rights on the Magic cap sheet.

NBA Experience - Bitadze will be 25 when next season begins, with 5 years of NBA experience.

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The Two-Way Free Agents - Admiral Schofield, Kevon Harris, Trevelin Queen

The Magic have until June 29 to tender a $2.2 million qualifying offer to Schofield, $2 million qualifying offer to Harris, and $1.8 million qualifying offer to Queen, to make each player a restricted free agent.

Schofield played in 23 games for the Magic, averaging 3.7 minutes, and Harris got into 2 games for Orlando, averaging 3 minutes of playing time.

Queen played in just 14 games, but he did get more minutes (11.8), with averages of 2.9 points, 1.4 rebounds, and 1.3 assists.

What are the salary projections for the Magic free agents and should the Spurs try to sign any of the free agents?