Photo: Orlando Magic/X

The Orlando Magic have chosen not to exercise their $8 million team option on Moe Wagner for the 2024-25 season. Both Wagner and the Magic are interested in negotiating a new contract during free agency. The Magic intend to use their cap space in the offseason to explore other options on the open market.

Wagner played 80 games last season, averaging 10.9 points, 4.3 rebounds, and 1.2 assists in 17.7 minutes per game.