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The Orlando Magic should have nearly $50 million in cap space this offseason. That’s enough for Orlando to get in the market for a big-name player, should they want to go that route.

Two players the Magic could have interest in are Paul George of the LA Clippers and Klay Thompson of the Golden State Warriors. George has a player option for next season, which he is expected to decline. Thompson is set to become a free agent when the league year changes over.

Both George and Thompson could ink extensions with their current teams by the end of the day on June 30. But neither player has seemingly made much progress on the extension front.

Orlando has this offseason with near-max cap space, before their roster will start to get expensive. Both Franz Wagner and Jalen Suggs are eligible to sign rookie scale extensions this summer. Those deals would start in 2025-06. Paolo Banchero will be extension-eligible in the summer of 2025. An expected max extension for Banchero would start with the 2026-27 season.

The Carlyle Group has dropped out of financing the next payment by Marc Lore and Alex Rodriguez to purchase the Minnesota Timberwolves.

Carlyle had been in talks with the NBA for several months about the possible investment, but were unable to agree to a structure that would be approved by the league.

Glen Taylor said on Tuesday there’s been issues surrounding $300 million of financing for the latest funding round. The deadline for the payment, which will give the duo another 40% bringing them to 80% of the team, is due at the end of March.

“They (Lore and A-Rod) had an equity group that was going to come in and put in $300 million, and that equity group has either withdrawn or the NBA has denied them,” Taylor told reporters. “They have to go out and find new revenue. That I do know.”

Lore and Rodriguez agreed to purchase the Timberwolves for $1.5 billion.

An NBA spokesman said in a statement that the league “did not deny Carlyle’s proposed investment.”