While the Magic will begin to rebuild through the draft, they will also explore free agency in upcoming summers.

Orlando is scheduled to have enough cap space to offer a maximum contract in free agency next summer, and have just $29 million committed in 2014. James Harden and Josh Smith highlight the anticipated 2013 class, while Carmelo Anthony and Rudy Gay could become free agents in 2014.

"We're not turning our back on free agency," Alex Martins said. "We're just putting the emphasis on our draft that we feel should be the case."

GM Rob Hennigan also indicated a willingness to explore both the draft and free agency.

"I think that we're pliable and we've set ourselves up to look at both avenues," said Hennigan.

"That was something that was important to us. I don't think you can ever get too parochial and say, 'This is the model we need to subscribe to.' We have a lot of flexibility to build through the draft. We have flexibility to build through free agency. We have flexibility to build through trades."