Magic will waive Hedo Turkoglu today at 5
Turkoglu, who is due $12 million dollars this season has an option to buy out his contract at $6 million dollars if waived by a particular date. The Magic were hopeful they’d be able to attract a team who was looking for salary relief, but no teams appeared interested enough to part with anything of value, which the Magic were understandably seeking.
With Orlando waiving Turkoglu, the veteran will be placed on waivers, though he should have no trouble clearing as no team will be willing to pay him his elevated salary.
That will leave teams bidding for his services once he enters free agency.
As is the case for most aging players, he’ll look for an opportunity where he can be in position to be on a playoff team and likely scrounge up a few minutes of action per game.
Turkoglu has not played this season and only played 11 games during the 2012-13 season.