Hedo Turkoglu's agent has revealed that the forward will opt out of his contract with the Magic.

Turkoglu will walk away from $7.3 million, and one source told Sports Illustrated that he is looking for around $10 million annually.

Allowing Turkoglu to leave via free agency would be a huge loss for the Magic, but they will likely have to surpass the luxury tax threshold to keep him.

Via Sports Illustrated

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