Turkoglu plans to opt out of his contract on June 20 and become a free agent, his agent told the Orlando Sentinel.

"It would make sense for him to opt out," agent Lon Babby told the paper. "I can't imagine a scenario in which he would not."

The Magic, however, could re-sign Turkoglu to a new deal before he opts out. Turkoglu is slated to make $7.3 million next season in the final year of a six-year, $36 million deal.

"I think Hedo distinquished himself in this playoff run," Babby said. "He's in a different spot than he was before the playoffs began. He's a rare player, a unique player who helped take a team to the Finals. He's grateful for the opportunity he has been given. He's enjoyed his time in Orlando. It's a solid organization, a team on the rise. Hedo will weigh his options."

Backup center Marcin Gortat is also likely to test free-agent waters. Based on the expected market for Gortat, it is unlikely Orlando will be able to retain him, the paper reported.