Hedo Türkoğlu is still under contract with the Orlando Magic, but he received a $3.5 million offer to play for Fenerbahçe Ülker, reports Can Pelister of TrendBasket.net. Pelister cites a source as saying, "Talks between Hedo and Fenerbahçe continues [sic] but nothing finalized yet."
Türkoğlu has one season worth $12 million remaining on his Magic contract, but only half of that dollar amount is guaranteed. Orlando is expected to waive him outright or to offer him a buyout, given that he does not fit in Orlando's rebuilding efforts. But Steve Kyler of HOOPSWORLD reported on August 12th that the Magic may choose to keep him through the trading deadline as a possible trade chip.
To sign with Fenerbahçe or any other club, Türkoğlu would first need to secure his release from the Magic by either negotiating a buyout or asking to be waived outright.
Myriad injuries and a 20-game suspension limited Türkoğlu to 11 games in the 2012/13 season, during which campaign he averaged just 2.9 points, 2.4 rebounds, and 2.1 assists on 26.4 percent shooting.
Fenerbahçe, which has won three of the last four Turkish Cups, plays in Türkoğlu's hometown of Istanbul, Turkey. If Türkoğlu signs with it, he would become the second former NBA player in the 2013 offseason to do so, joining former Toronto Raptors forward Linas Kleiza.