Jul 09, 2009 2:27 PM EST

The Orlando Magic have acquired a trade exception and cash considerations from the Toronto Raptors, and cash considerations from the Dallas Mavericks as part of a four-team trade, General Manager Otis Smith announced today. As part of a sign-and-trade deal, forward Hedo Turkoglu was traded to Toronto. “This move allows us some potential flexibility in the future,” said Smith. “Hedo was a big part of our success and did a lot for our organization during his five seasons here. We wish him and his family nothing but the best.”

Also included as parts of the deal - Toronto sends Shawn Marion, Kris Humphries, Nathan Jawai and cash considerations to Dallas, while also sending a future second round draft pick to Memphis; Memphis sends Greg Buckner to Dallas; Dallas sends Jerry Stackhouse and cash considerations to Memphis, while also sending Devean George and Antoine Wright to Toronto.

Via Press Release