Overview

• Wagner agreed to a one-year, $5 million deal after Orlando declined his $11 million club option, making him an unrestricted free agent
• He is rehabbing a torn left ACL suffered in late December and is targeting full availability by the start of next season
• Orlando retained Wagner’s Bird rights to complete the signing despite operating under the league’s hard cap
• The Magic now have 13 players on standard contracts and sit just below the NBA’s $195.945 million first apron
• The team used part of its non-taxpayer mid-level exception to sign Tyus Jones, cementing its offseason roster slate