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Moe Wagner Returns to Magic on One-Year, $5 Million Deal

His new contract leverages retained Bird rights to reunite with Orlando under tight salary-cap restrictions

Orlando Magic center Moritz Wagner (21) evades New York Knicks guard Pacome Dadiet, left, during the second half of an NBA basketball game Sunday, Dec. 15, 2024, in Orlando, Fla. (AP Photo/Alan Youngblood)
Dec 6, 2024; Philadelphia, Pennsylvania, USA; Orlando Magic forward Moritz Wagner (21) controls the ball against the Philadelphia 76ers in the second quarter at Wells Fargo Center. Mandatory Credit: Kyle Ross-Imagn Images

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