Magic trade for Bulls guard Jerian Grant in 3-team deal
The Orlando Magic have acquired guard Jerian Grant and center Timofey Mozgov in a three-team deal with the Charlotte Hornets and Chicago Bulls.
The Magic send center Bismack Biyombo to the Hornets, where he started his career as the No. 7 overall pick in 2011.
Chicago acquires Charlotte guard Julyan Stone, who has a non-guaranteed contract that could be waived next month.
The deal delivers the Magic a backup point guard to play with D.J. Augustin. With the drafting of Mo Bamba as the franchise's future center, Biyombo's minutes would've been limited this season.
Sources: Magic, Gordon ink 4-year, $84M deal
The Magic have agreed to re-sign restricted free-agent forward Aaron Gordon to a four-year, $84 million contract, sources told ESPN's The Undefeated.
Bamba to spread wings in Orlando as No. 6 pick
Texas center Mo Bamba, who touts an NBA draft combine-record 7-foot-10 wingspan, was taken by the Orlando Magic with the sixth pick in the NBA draft.
Magic Man: Clifford is Orlando's new coach
After meeting with ownership from the DeVos family, Steve Clifford has agreed to a four-year deal to become coach of the Magic, sources told ESPN.
The Magic, who have not had a winning record or made the playoffs since the lockout-shortened 2011-12 season, get salary-cap help in Grant's $2.69 million expiring contract, while Mozgov's deal has two years, $32.7 million left.
For the Bulls, Stone's $1.65 million contract has an Aug. 1 guarantee date. If Stone is waived, Chicago's cap space would increase to $16 million in room -- assuming forward Noah Vonleh's hold is released.
For Charlotte, Biyombo has two years, $34 million left on his contract. The Hornets have $120 million in salary and are $3.4 million under the luxury tax threshold with 14 guaranteed contracts on their roster.
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