The drawn out buyout negotiations between the Orlando Magic and forward Hedo Turkoglu are still going on, however with training camp days away both sides agree that a split is coming. In fact, Turkoglu has been told to stay home. Read more after the jump.
“Our organization has a great deal of respect for Hedo and the contributions he’s made to the team over the years,” Magic general manager Rob Hennigan told the Orlando Sentinel. “We’ve made an organizational decision to move in a different direction. During the pendency of our buyout negotiations, we’ve mutually agreed to have Hedo remain with his family while we work toward an agreement.”
The team could simply waive him and have the owed $6 million (of the $12 million salary) on their books for 2013-14, however they are seeking to reduce that amount via a buyout or through a “Right-of-Set-Off” clause when he signs with another team. Turkoglu, linked with Turkish side Fenerbahce Ulker, obviously wants all the $6 million that the Magic owe him. The team will eventually waive Turkoglu, but it may not come until close to the start of the regular season in late October.
