The Orlando Magic and Cole Anthony have agreed to a three-year, $39 million contract extension.

Anthony averaged 13 points, 4.8 rebounds and 3.9 assists last season for Orlando across 60 games.

Anthony was the 15th overall pick in the 2020 NBA draft after starring at North Carolina. 

The Orlando Magic converted Trevelin Queen to a two-way contract. Queen had been signed to an Exhibit 10 contract.

Queen has two years of NBA experience. He's previously played for the Houston Rockets and Indiana Pacers.

Orlando also waived Mac McClung, Daeqwon Plowden and Brandon Williams. Those three players are expected to join the Osceola Magic of the G League for this season.

Orlando's roster now stands in regular season compliance with 15 players signed to standard contracts and three players on two-way contracts.

The Orlando Magic signed Daeqwon Plowden on Wednesday.

Plowden averaged 8.3 points in 24 G League games last season. 

The team also waived Miye Oni, trimming the roster down to 21 players. 

The Orlando Magic have signed free agent guard-forward Daeqwon Plowden.

Plowden (6’6”, 216, 8/29/98) played in 24 games last season with Birmingham of the NBA G League, averaging 8.3 ppg., 3.5 rpg. and 1.3 apg. in 20.4 minpg., while shooting .368 (25-68) from three-point range and .862 (25-29) from the free throw line.

Undrafted by an NBA franchise, Plowden played in 154 career games (113 starts) during five seasons at Bowling Green State University (2017-22), averaging 10.5 ppg. and 6.1 rpg. in 25.5 minpg. 

In addition, Orlando has waived guard/forward Miye Oni. He did not appear in any preseason games with the Magic.

The Orlando Magic waived forward D.J. Wilson. The Magic also signed forward Miye Oni.

Wilson was signed to a non-guaranteed training camp contract. Oni is believed to have signed a similar type of contract.

Both Wilson and Oni will likely play for the Osceola Magic of the G League for this upcoming season.

Host Danny Leroux (@DannyLeroux), Nekias Duncan of The Dunker Spot podcast (@NekiasNBA) and Mike Prada of The Athletic (@MikePradaNBA) break down the NBA’s Southeast Division.

They discuss how the Heat, Magic, Wizards, Hornets and Hawks fared in the off-season, including which teams improved and what moves stood out. The three also predict the season to come, including projected finish, breakout players and rookies they are most excited to see.

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The Orlando Magic announced they have exercised the rookie scale team options for the 2024-25 season for Paolo Banchero, Jalen Suggs and Franz Wagner.

The 2024-25 season will be Banchero's third year in the NBA. Suggs and Wagner will be in their fourth years in the NBA.

NBA teams have until October 31 to pick up rookie scale team options for players who were part of the 2021 and 2022 first-round draft classes.