Orlando Magic Will Pay Nearly $30 Million to Players Not on Team This Season
There are a couple reasons the Orlando Magic decided to stay put this offseason during the free agency frenzy that was, and yes one of them begins with ‘Andrew‘ and ends with ‘Wiggins.’ However, tanking this season isn’t the only reason why they decided not to do much.
Of course there is next year’s free agency period that they want to gear up for, where there will be a star-studded class of notable free agents that the Magic would love to take part in trying to lure to their franchise. But, to bring any of those guys in they will have to have the money to do so.
Many wondered why they did not use the trade exception worth about $17 million that they received when they dealt Dwight Howard to the Los Angeles Lakers last year. Well, the final piece to this puzzle may be summed up in the money that the Magic will wind up paying a few guys that no longer play for the team.
Using the amnesty clause on Gilbert Arenas was definitely a smart move, but they will still have to pay him the $22-plus million he is entitled to. The team also cut both Al Harrington and Quentin Richardson, and have to pay them a combined $7-plus million as well.
The team’s salary right now sits at about $52 million, which in comparison to the near-$30 million owed to the previous guys is fairly incredible, and flat out ridiculous in a way. The team is being smart this summer by not doing a whole lot and waiting it out until 2014 until they can spend the money necessary to further build the team.
For now, they will have to bite the bullet and watch $30 million be paid to veterans that won’t even suit up for the Magic this year. Tough luck, Orlando.