Magic Will Finally Waive Hedo Turkoglu Today
*Update 5:00 PM – Hedo Turkoglu has officially been waived.*
With his $12M salary becoming fully guaranteed if not waived by January 7th, the Orlando Magic are no longer holding out any hope of
f-ing finding a trade partner to take on Hedo Turkoglu.
The Orlando Magic will waive SF Hedo Turkoglu today at 5 p.m. (Via @JohnDenton555).
— Orlando Magic (@Orlando_Magic) January 3, 2014
Turkoglu, who has played 497 games over 8 seasons in Orlando, will become a free agent once he clears the waiver process. By waiving him prior to January 7th, the Magic are only required to pay $6M of his 2013-2014 salary. The team also now has one free roster spot in order to acquire more players in a trade than they send out. They can free an additional roster spot up by waiving Solomon Jones prior to next Tuesday.
You can view the full Orlando Magic salary situation and numbers here.