Hedo Türkoğlu's second stint with the Orlando Magic may end soon, reports Brian Schmitz of the Orlando Sentinel, who says the Magic "are working on a buyout agreement" with the veteran small forward. Türkoğlu, 34, has one season worth $12 million remaining on his contract, but isn't in the team's future plans.
"If the Magic and Türkoğlu can reach an arrangement, Turk will be waived," reports Schmitz. "He then can become a free agent, eligible to negotiate with any other NBA team or play overseas."
Trendbasket.com reported on August 27th that Türkoğlu had a contract offer from the Turkish club Fenerbahçe Ülker, which is based in Türkoğlu's hometown of Istanbul. The 13-year NBA veteran is currently representing Turkey at EuroBasket, which begins on September 4th.
Due to a hand injury and a league-mandated, 20-game suspension for a positive steroid test, Türkoğlu made just 11 appearances for the Magic in 2012/13.
Türkoğlu could become the second veteran casualty of the Magic's rebuilding effort, as the team waived 33-year-old big man Al Harrington on August 2nd. Harrington, who had two seasons remaining on his Magic contract, eventually signed for the league minimum with the Washington Wizards.
The Magic's training camp begins October 1st at Amway Center.