After Hedo Turkoglu backed out of a verbal agreement with Portland in order to sign with the Raptors, many felt the Blazers let a top player slip away.

But Orlando Magic general manager Otis Smith didn't agree.

In a conversation with Blazers' general manager Kevin Pritchard, Smith told Pritchard that he had "caught a break" with Turkoglu signing elsewhere and made it clear the Blazers "weren't missing out on anything," sources tell RealGM's Alex Kennedy.

Smith didn't feel that Turkoglu was worth the five-year, $50 million Portland was ready to spend.

Turkoglu spent five seasons in Orlando before signing with Toronto.

Via Alex Kennedy/RealGM

Portland Trail Blazers, Orlando Magic, Toronto Raptors

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