The Memphis Grizzlies have traded Jarell Martin and cash to the Orlando Magic for Dakari Johnson and the draft rights to Tyler Harvey.

This move brings the Grizzlies under the luxury tax.

The Oklahoma City Thunder have agreed to trade Dakari Johnson to the Orlando Magic for Rodney Purvis.

The Thunder have been working to reduce their luxury tax bill.

Purvis is on a non-guaranteed minimum deal for next season.

The Charlotte Hornets, Chicago Bulls and Orlando Magic have agreed upon a three-team trade.

The Hornets will trade Timofey Mozgov to the Magic and Julyan Stone to the Bulls. Bismack Biyombo will be moved from the Magic to the Hornets. Biyombo began his career with Charlotte.

Orlando will also acquire Jerian Grant.

The Hornets acquired Mozgov in the Dwight Howard trade.

If Chicago waives Stone, the trade clears Grant and creates a $2.6 million trade exception, according to Albert Nahmad. The Bulls have up to $29 million in cap room before LaVine is officially matched if Sean Kilpatrick and Paul Zipser are waived.

Isaiah Briscoe has agreed upon a deal with the Orlando Magic.

Briscoe impressed the Magic during a recent minicamp.

Briscoe played in Estonia last season.

The Orlando Magic and Isaiah Thomas are holding discussions on a possible contract.

While no agreement has been reached between Thomas and the Magic, both sides want to get a contract done.

Thomas was traded by the Boston Celtics to the Cleveland Cavaliers last August and again to the Los Angeles Lakers at the trade deadline.

The Orlando Magic have agreed upon a four-year, $84 million deal with Aaron Gordon.

Gordon is a restricted free agent this offseason and his four-year max would have been worth approximately $114 million.

Gordon was the fourth overall pick in 2014 out of Arizona.

The Magic also have Jonathan Isaac and Mohamed Bamba in their frontcourt.

The Los Angeles Lakers have interest in Aaron Gordon, who is a restricted free agent.

Gordon's fit with the Orlando Magic long-term is unknown as they have used lottery picks in recent years on Jonathan Isaac and Mohamed Bamba.

The Magic, however, have said they would like to re-sign Gordon.

The Lakers have a restricted free agent of their own in Julius Randle.

The New York Knicks and Sacramento Kings have interest in Mario Hezonja.

The Orlando Magic declined to exercise their team option on Hezonja for the 18-19 season last October.

Hezonja was the fifth overall pick in the 2015 NBA Draft.