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http://forums.floridatoday.com/viewtopic.php?t=41647&sid=e4e37d94d5c0741feca38b3e63652557
By John Denton
FLORIDA TODAY
ORLANDO _ Darko Milicic’s time with the Orlando Magic is apparently over.
``He’s moved on and we’ve moved on, too,’’ Magic general manager Otis Smith said Tuesday.
The Magic withdrew a $6.8 million qualifying offer from Milicic last week, making him an unrestricted free agent. The Magic had still hoped to retain the 22-year-old Serbian center, but those plans to a major detour when Marc Cornstein, Milicic’s agent, blasted the Magic for not courting his client harder.
Smith hasn’t talked to Cornstein and has instead left the negotiating to assistant general manager Dave Twardzik. He is in Las Vegas, scouting the summer league there, and has held several conversations with Cornstein.
The Magic pursued coveted free-agent forward Rashard Lewis on July 1 and reached an agreement with him last week on a maximum contract. Lewis, who turns 28 next month, will officially sign a five- or six-year deal with the Magic on Wednesday.
``We hope to sign a big free agent tomorrow and then that leaves Darko free and clear,’’ said Smith, who isn’t allowed to talk about Lewis until the league’s moratorium is lifted tonight at midnight.
To land Lewis, the Magic still have to clear cap room. One possible option would be renouncing Milicic, meaning the Magic give up all their rights to him.
The Magic have tried to execute a sign-and-trade deal with Milicic around the league, but no team has been willing to offer him a contract starting at more than the mid-level exception ($5.5 million). Milicic can get that deal without needing sign-and-trade assistance from the Magic.
``There just hasn’t been a deal come up that makes sense to us,’’ Smith said.
The exact worth of Lewis’ deal is still unknown because the NBA won't announce the new salary-cap figures until today. Lewis and the Magic agreed last week that he would receive a maximum contract, meaning he will be entitled to 30 percent of next year's salary cap.
If the cap is set at $56 million, as Magic officials expect, that would mean Lewis' starting salary would be $16.8 million. His yearly pay would rise all the way to $22.1 million by the 2011-2012 season when he will be 32 years old. If he signs with the Magic for five years, he's entitled to 8 percent annual raises and his contract would be worth $97.4 million.
If Orlando can execute a sign-and-trade with Seattle, it would be extremely beneficial to Lewis. That kind of deal would give Lewis 10.5 percent annual raises, meaning his contract would go from $16.8 million to $18.5 million to $20.3 million to $22 million to $23.8 million to $25.6 million. The six-year pact would be worth a staggering $127.2 million.
Magic franchise center Dwight Howard is expected to sign his five-year contract extension on Thursday. Howard will get at least $85 million, and the fifth year will be at Howard’s option. The exact amount of his contract won’t be decided until next July when the salary cap for the 2008-09 season is set.
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John Denton is a FLORIDA TODAY sports reporter and the Orlando Magic beat writer