Overview

• Orlando declined the $11 million team option on Wagner on June 30, making him an unrestricted free agent.
• The Magic retained his Bird Rights, allowing them to exceed the salary cap to offer him a new contract at a lower rate.
• Wagner averaged career-best marks of 12.9 points, 36 percent three-point shooting and 4.9 rebounds over 30 games before tearing his ACL in December.
• NBA insider Michael Scotto reports that Orlando remains interested in re-signing Wagner on reduced terms.
• The 28-year-old forward is completing ACL rehabilitation in Orlando and can negotiate with any other NBA team.