The Orlando Magic have decided to let Billy Donovan out of his contract with the team.

"It's over," said a source close to the situation.

Donovan shockingly had second thoughts about leaving the Gators to become the Magic's head coach this weekend.

The Magic did try to change his mind but have now apparently decided to let Billy Donovan go.

It is expected will turn to former Miami Heat head coach Stan Van Gundy who was rumored to be the club's second choice behind Donovan.