otis smith

Orlando Magic president Otis Smith said Saturday that he has had serious talks this week with the Washington Wizards about acquiring Gilbert Arenas.

Smith said he would rate the aggressiveness of the talks at an "eight out of 10" but that "nothing is imminent." He would not talk specifics of the potential deal.

The Orlando Magic have announced signing free agent guard Jason Williams. General Manager Otis Smith said Wednesday that Williams will provide depth and leadership to the team's backcourt.

The terms of the deal were not disclosed. Williams retired in September 2008 after playing a season for the Miami Heat, where he average 8.8 points per game.

Hedo Turkoglu's run with the Orlando Magic appears to be over. A day after the Magic acquired Vince Carter from the New Jersey Nets, Turkoglu's agent said Friday that he sent a notice to Orlando earlier this week that his client will opt out of his contract to become a free agent.

Agent Lon Babby said the Magic had made Turkoglu an initial offer that Orlando general manager Otis Smith...