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The Orlando Magic on Friday waived Hedo Turkoglu, who likely will become a free agent. Turkoglu was in the final year of a contract paying him $12 million this season. However, only $6 million was guaranteed. GM Rob Hennigan saved the other $6 million by waiving Turkoglu by Jan. 7, the day all contracts become fully guaranteed. Waiving Turkoglu moves the Magic approximately $5 million under the cap and makes them a potential player leading up to the trading deadline as a