Orlando Magic: NBA Draft

According to the Orlando Sentinel, the Orlando Magic will allow former Florida head coach Billy Donovan to return to the Gators. "It's over," said a source close to the situation. Donovan, who agreed to a 5-year, $27.5 million deal on Friday but reportedly regretted it soon thereafter, discussed the matter over the weekend with both Magic General Manager Otis Smith and President Bob Vander Weide. Unless Donovan wakes up today and changes his mind, the Magic will let him go, the source said. Donovan has won back-to-back championships with Florida; the leading candidate to replace him was VCU's Anthony Grant, who said Sunday that he has not met with anyone from Florida yet.

According to ESPN.com, Billy Donovan will be introduced by the Orlando Magic as their new head coach tomorrow. Original reports had the signing at six year, $36 million, but the Associated Press is reporting that the deal will be for five years at $27.5 million. Many expect Florida to look to former assistant and current VCU head coach Anthony Grant to fill the vacancy.

Rumors out of Orlando are that Billy Donovan is set to accept the Orlando Magic's head coaching position. Reports suggest that the Magic's offer is in the $6 million a year range, but this is only speculation. No official word has been released by Donovan or the Magic, but a decision is expected to be made within the week.