Now, the Magic are taking care of one of their own on July 4th. On Friday, according to ESPN's Shams Charania, Orlando locked up Moritz Wagner to a new one-year, $5 million deal. The big man stays in Orlando alongside his younger brother, Franz Wagner, while providing depth at center.

The Orlando Magic are looking towards the future. After acquiring Desmond Bane in a trade with the Memphis Grizzlies before the NBA Draft, and selecting Jase Richardson in the first round of the draft, the team is weighing its options ahead of free agency.