Fri Jul 04 13:50:00 UTC 2025: Okay, here’s a news article summarizing the text you provided:
**Orlando Magic Re-Sign Moritz Wagner to One-Year Deal**
**Orlando, FL** – The Orlando Magic and veteran forward/center Moritz Wagner have agreed to a one-year, $5 million contract, bringing the older brother of Magic star Franz Wagner back to Orlando, according to multiple reports.
Wagner, who suffered a season-ending torn ACL in December after showing career-best form, returns to the team where he has played for the past four-plus seasons. Last season, before his injury, he was averaging 12.9 points and 4.9 rebounds in limited minutes.
The Magic declined Wagner’s $11 million team option last week but had expressed interest in re-signing him at a lower price. Holding his Bird rights allows Orlando to re-sign Wagner without using other exceptions.
This move, coupled with the recent acquisition of Desmond Bane and signing of Tyus Jones, puts the Magic on track to enter luxury-tax territory for the 2025/26 season. According to Spotrac, the Magic are roughly $4.3 million above the tax line with limited spending flexibility below the first-apron hard cap. ESPN suggests the Magic may only have space to sign their second-round pick or a veteran-minimum player in addition to Wagner. The team’s exact financial situation will be solidified once the Jones and Wagner contracts are finalized.
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