The Orlando Magic and veteran forward Hedo Turkoglu continue to work toward a buyout agreement, according to Brian Schmitz of the Orlando Sentinel. The two sides first began discussing a buyout at the start of the NBA's free agency period in July.
Turkoglu is set to make $12 million next season, although only half of his contract is guaranteed. The 34-year-old doesn't fit into Orlando's rebuilding plans, so if a buyout can be agreed upon, he will be waived and become an unrestricted free agent.
Turkoglu reportedly has a $3.4 million offer on the table from Turkish Euroleague squad Fenerbahce Ulker, so he has options if the NBA doesn't work out for him.
Turkoglu has spent much of his NBA career in Orlando, and he was a big part of the Magic's trip to the 2009 NBA Finals. However, he played just 11 games last season, dealing with both injuries and a 20-game suspension for violating the NBA's anti-doping policy. He averaged just 2.9 points and 2.4 rebounds in 17.2 minutes per game.