The Magic has spent the past few days attempting to finalize a sign-and-trade deal with the Sonics to ease the financial burdens of the Rashard Lewis contract, but the teams had not agreed on compensation as of Tuesday night.

According to league sources, the major stumbling block in negotiations was Orlando's unwillingness to include a high draft pick in the deal. The Sonics were considering accepting the expiring contracts of Carlos Arroyo ($4 million), Pat Garrity ($3.8 million) and Keyon Dooling ($3.6 million) only if the Magic included a first- and possibly a second-round pick.

Orlando was also shopping Hedo Turkoglu, but he's owed $13 million the next two seasons and has a $7.4 million player option for the 2009-10 season.

Via Seattle Times

Orlando Magic, Seattle SuperSonics

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