Magic Sign Alex Morales To Exhibit 10 Contract

The Magic have signed free agent guard Alex Morales, the team announced in a press release. According to Jason Beede of The Orlando Sentinel, who was first to report the news, Morales will receive an Exhibit 10 contract (Twitter link).

Morales signed an Exhibit 10 deal with Orlando last fall and was waived before the 2022/23 season began. He spent his rookie season with Lakeland, Orlando’s then-G league affiliate. The team has rebranded and moved, and is now known as the Osceola Magic.

The former Wagner star, who spent 2022 Summer League with the Warriors, averaged 6.2 PPG, 5.3 RPG, 2.0 APG and 1.1 SPG on .471/.276/.733 shooting over 30 regular season games with Lakeland (21.9 MPG). Morales, 25, also appeared in 17 games with Lakeland during the Showcase Cup last fall.

The Exhibit 10 clause in Morales’ contract means he could receive a bonus worth up to $75K if he’s waived before the season starts and spends at least 60 days with Osceola in 2023/24. Exhibit 10 contracts can also be converted into two-way deals, and Orlando has one two-way slot open.

The Magic’s roster is now full, with 21 players under contract, the offseason maximum. That number will drop to 18 — 15 on standard deals and three two-way slots — once the regular season begins.