Magic Trade Turk to Toronto
In one of the truly random delights of NBA trades, Orlando receives a sizeable trade exception as the fourth team involved in the trade, according to two of the sources with direct knowledge of the deal. Thus, the Magic send Turkoglu to the Raptors in a sign-and-trade as opposed to Turkoglu signing straight up with Toronto. Those two sources said Turkoglu does not get a sixth year in his deal, which Orlando could have given him as part of the sign-and-trade.Trade exceptions are good for one year. It basically would allows a team with a bad cap situation to send a player to the Magic without having to take any salary back. Of course, it would be a net gain in salary to the Magic so will likely not be used anyway. Ideally, the Magic hold onto this chip and use it at the trade deadline to get the last piece they need to win it all.
Anyway, they at least got a little something for losing Hedo. We should find out how large the trade exception is in a few days. It is probably worth a bit more than $7 million. Last year they used the trade exception they got from NJ for the Keyon Dooling trade to facilitate the Rafer Alston trade. Without that exception, they would not have been able to add as much salary to their cap as Alston's contract cost.
Link explaining the whole trade is here