The Magic have had an active day with NBA free agency recently beginning, and with that comes signing players, but also losing others.
Mo Wagner was one player the Magic lost in the free agency saga on Wednesday.
Mo Wagner gets contract update amid Nikola Vučević's return to the Magic
ESPN's Shams Charania reported that the Nets have signed former Magic center Mo Wagner to a two-year deal.
MORE: How does Nikola Vucevic's return to the Magic impact Wendell Carter Jr. and others?
The contract is worth $19 million, with a $9.5 million AAV.
Wagner's departure is likely what sparked the Magic's decision to sign Nikola Vučević on a cheaper/short-term deal.
With the Nets trading away Nic Claxton, Day'Ron Sharpe will likely be the team's starter, so Wagner will come off the bench as things stand.
In the 2025-26 season, Wagner averaged 6.9 points and 3.2 rebounds in 11.9 minutes.
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