The Orlando Magic have declined their team options on Moe Wagner and Caleb Houstan. The Magic retain Bird rights on both players and have interest in re-signing them in free agency. 

Wagner's contract for 2025-26 was worth $11 million. Wagner averaged 12.9 points, 4.9 rebounds and 1.4 assists in 18.8 minutes over 30 games before suffering a torn ACL in December.

Houstan's contract was worth $2.19 million. Houstan appeared in 58 games for the Magic, averaging 4.1 points and 1.3 rebounds in 13.6 minutes. Houstan was the 32nd overall pick in the 2022 draft out of Michigan.