Otis Smith indicated Tuesday that it is unlikely the Magic will extend the contract of Ryan Anderson before Wednesday night's 11:59 EST deadline for members of the 2008 draft class.

Anderson is on course to become a restricted free agent in July, and the Magic would have the opportunity to match any offer sheet that Anderson could sign with another team.

"The fact of the matter is that there are very few guys that get extended contracts like that coming off rookie deals," Smith said.

"We like Ryan. We'd like to keep him on our team. Quite honestly, we still have the right of first refusal because he'd be a restricted free agent. It could backfire, and we could have to pay more. But that's the risk we've chosen to take."