The Magic could make a move for Corey Maggette within the next few weeks in an effort to bring him back to where he begin his career, according to The Orlando Sentinel.

He has until Monday night to opt out of his contract with the Clippers and has reportedly been telling friends that he wants Orlando to make a competitive offer for his services.

"I think he'd come back in a heartbeat," said a friend of Maggette. "It's something he'd love to see happen."

The Magic only have the mid-level exception ($5.8 million) to offer, but they could assemble a deal worth roughly $40 million over five years.

J.J. Redick is supremely confident that he will be playing for the Magic next season, according to The Orlando Sentinel.

The team said on Monday that they have no plans to trade the sharpshooter this offseason, whether it be on draft night or later this summer.

In a recent blog entry, Redick confirmed his status.

"The Magic have some decisions to make this offseason -- free agency, trades, and the draft. But I believe 100 percent I'll be back with the Magic," Redick wrote.

"In fact, I don't even think it's an issue. I just need to get better and earn Stan's trust and get some minutes. We shall see."

Kansas State's Bill Walker suffered a partially torn meniscus during a weekend workout with Golden State, Walker's adviser Chris Rivers of Reebok told several medial outlets, but will remain in the NBA Draft.

According to the Associated Press, the questions surrounding Walker's knee may have serious ramifications to Walker's potential draft position, with the second round now being a possibility.

He has previously torn the anterior cruciate ligament in both knees, the first of which happened in 2003. He missed most of the 2007 recovering from the second ACL tear.

In RealGM's latest mock draft, Walker is slated to go to Orlando at pick 22.

The Heat, Mavericks, and Jazz could target soon-to-be free agent Keyon Dooling this summer, according to The Orlando Sentinel.

Magic GM Otis Smith, however, is still holding out hope that the team will be able to retain the guard.

"I'm sure there will be other teams looking at him closely this summer," said Smith. "We like him. We'd like to keep him, but that said, he is unrestricted. You like a guy but at what number?"

Dooling, an eight-year veteran, made $3.6 million last season.

"I can't speculate on what might happen," Dooling said. "But there is definitely interest out there. When a team has success like we did, your value goes up."

The Magic have been informed that guard Keith Bogans will return for the final year of his contract, but center Adonal Foyle will opt out and become a free agent, according to The Florida Today.

Foyle, 33, would have made $1.26 million next season in Orlando but would like more money and playing time elsewhere.

"I was assuming he'd come back, but he's keeping his options open, and we're still open to Adonal returning," Magic General Manager Otis Smith said. "Adonal did a good job for us playing behind our best player (Howard), and that's not an easy thing to do. He's going to look around and see what's out there. He's in the twilight of his career, and I'm sure he wants to play more. Our best player plays a lot of minutes, and Tony is coming back, so I'm sure he's wondering how many minutes he's going to get."

It is widely believed that Gilbert Arenas will re-sign with the Wizards after officially opting out on Tuesday, but the Lakers and Magic could court the guard, according to The Washington Post.

Arenas grew up in Los Angeles and has always expressed his love for the Lakers. In addition, he's familiar with Orlando GM Otis Smith from their days with Golden State.

Magic General Manager Otis Smith truly believes that his team should still be playing, according to The Orlando Sentinel.

His contract was recently extended an additional three years.

"I really believe we should still be playing now. It's disappointing that we're not," Smith said. "It's just not good enough if you don't win it all. That's the only thing we're here for."

Smith created the cap room to sign Rashard Lewis and convinced Dwight Howard to sign a contract extension, putting Orlando in contention over the next decade.

"I'm proud of some things, but there have been a lot of lows, too," he said. "There are a lot of things you're kicking yourself for, things you did or didn't do. It's never good enough if you don't win a championship."

Orlando Magic President Bob Vander Weide announced today that General Manager Otis Smith has signed a multi-year contract extension.  Per team policy, terms of the deal are not disclosed.

?Otis has brought great energy, dedication, leadership and vision to our basketball operations,? said Vander Weide. ?He has us moving in a very positive direction and toward our ultimate goal of winning an NBA Championship.?

Smith was promoted to general manager on May 3, 2006.  Under Smith?s leadership this past season, the Magic posted a 52-30 (.634) record and captured the 2007-08 Southeast Division championship.  It was the team?s third division title and the first since 1995-96.  It also marked the fourth time in team history that it reached the 50-win plateau.  Orlando defeated Toronto in the First Round of the NBA Playoffs and advanced in the postseason for the first time since 1996. This past off-season, Smith was instrumental in acquiring All-Star forward Rashard Lewis, signing All-NBA center Dwight Howard to a contract extension, and acquiring Head Coach Stan Van Gundy.