Otis Likely to Have Contract Extended

"It hasn't been talked about by either of us, but it is something we will address in the offseason with Otis," Magic COO Alex Martins said. Otis is in the last year of his contract and the Magic will talk about a new contract come this summer. Schmitz reports the Magic will likely offer him a 2-year extension.

Smith traded Steve Francis, allowing the Magic to shed his $40 million contract. We used that cap space to focus on rebuilding around All-Star center Dwight Howard.

He traded fan favorite Trevor Ariza to the L.A. Lakers for Brian Cook and Maurice Evans earlier this season. As of late this move seemed to be a blessing in disguise, and many fans now agree with Otis on the Trevor trade.

Some are still in limbo about signing Rashard Lewis to a six-year, $118 million contract. Jameer Nelson's five-year, $35 million extension didn't sit well with quite a few fans also. But Otis' decision to drop the contract on the table to Darko Milicic and not pay him, has been his best move.