Magic declined team options on G/F Gary Harris and G Cory Joseph.
As part of the trade, Orlando declined its team options on Harris (worth $7.5 million) and Joseph ($3.47 million) for salary cap purposes. The Magic upgraded their perimeter rotation with the Bane trade, which was completed on Sunday. However, the team will have some work to do this summer regarding their depth behind starters Bane and Jalen Suggs. Both players will be unrestricted free agents on June 30. Neither player logged consistent rotation minutes for the Magic last season, and their exits (if they do not re-sign with Orlando) would not impact fantasy basketball.