Do the Orlando Magic have cap space in 2027-28?

Their cap salary is $258.3M: $210.5M in active contracts, $0K in dead money, and $47.9M in cap holds for their own free agents and unsigned picks. Even renouncing every free-agent hold would leave them $38.2M over, so cap space is not a realistic path this season.

Being over the cap is normal in the NBA. It means the Magic build through exceptions instead: their mid-level (if their spending tier allows one), minimum contracts, and Bird rights to re-sign their own players.

This is a forward look at 2027-28: it counts the contracts, options, and cap holds already on the Magic books for that season. Signings, trades, and option decisions between now and then will move these numbers.