I think we can file this one under “obvious,” since the Magic didn’t re-sign Turkoglu, but it’s interesting nonetheless…

Per Real GM…

In a conversation with Blazers’ general manager Kevin Pritchard, [Magic GM Otis] Smith told Pritchard that he had “caught a break” with Turkoglu signing elsewhere and made it clear the Blazers “weren’t missing out on anything,” sources tell RealGM’s Alex Kennedy.

Smith didn’t feel that Turkoglu was worth the five-year, $50 million Portland was ready to spend.

Turkoglu is 30. If anyone thinks that he’s going to be worth $11-$12 million when he’s 34 or 35 and at the back end of this contract, I’d like to have some of what they’re smoking. But both the Blazers and the Raptors knew that in order to get Turkoglu to agree to a deal, it had to be a long-term contract.

Smith didn’t say this publicly, so I’m not going to blast him for throwing a former player under the bus. But it still seems odd that he’d be badmouthing Turkoglu — one of the main reasons the Magic made an appearance in the Finals — to other GMs around the league. When Jameer Nelson went down, Turkoglu took over the ballhandling duties and acted as a point forward. He ran countless pick and rolls with Dwight Howard, dished out a bunch of assists and hit several huge shots. Simply stated, Orlando wouldn’t have made it to the Finals without him.

Is he worth $10 million a year heading into his thirties? Probably not. But he’ll probably earn his keep for the first few years of that contract, and that’s all the Raptors are worried about right now.

Per TrueHoop…

Although a verbal commitment may be announced sooner, the terms of the contract cannot be finalized until Wednesday when the NBA informs teams what the 2009-10 salary cap will be.

The Orlando Magic’s recent trade for Vince Carter, who has a large salary and plays small forward — which is Turkoglu’s position — made it highly unlikely Turkoglu would be back in Orlando.

The Toronto Raptors expressed interest in Turkoglu, but were constrained by their other efforts to keep Shawn Marion and Carlos Delfino.

Turkoglu, a 6-10 forward from Turkey who played a prominent role in the Magic’s recent trip to the NBA Finals, had been looking for a five-year deal in the neighborhood of $50 million.

Five years and $50 million is a lot for Turkoglu, who is already 30 years-old and isn’t particularly efficient statistically. But his game is a pretty good fit for the Blazers, who want to space the court for Brandon Roy. Turkoglu is a good enough shooter to do that, plus he can handle the ball really well for a small forward, which help to take the pressure off of Roy. In fact, with Roy at the two and Turkoglu at the three, there’s enough ball handling there that the team doesn’t have to play with a traditional point guard. This may open up minutes for Rudy Fernandez, who was reportedly upset about the Blazers’ interest in Turkoglu.

The other thing to remember is that the Blazers’ cap space wasn’t going to last. They have to sign both Roy and LaMarcus Aldridge to big extensions as soon as this summer and Greg Oden will be eligible for an extension next summer. It was sort of a “use it or lose” it scenario for the Blazers, and owner Paul Allen has never been afraid to spend. They added a versatile, experienced small forward who proved in the playoffs that he knows how to win. $10 million per season is a lot for Turkoglu, but his game should age pretty well, so at worst the Blazers should get quality play for the first three or four years of the deal.

What’s lost in all of this is the fact that Orlando will not be bringing back the core that went to the Finals this year. Chemistry is a rare quality and the Magic may rue the day that they brought in Vince Carter and waved goodbye to Turkoglu. After all, there were two overtime games in the first four, and the Lakers won both. Had those games gone the other way, the Magic would have led the series 3-1 with Game 5 at home to clinch the title. They didn’t need to tinker this much, and GM Otis Smith may eventually regret it.

All due respect to Denver’s Mark Warkentien, who won the 2009 NBA Executive of the Year Award, but Orlando GM Otis Smith deserves the honor. This is the problem with how the league hands out these awards at the end of the regular season — there’s no way to take the playoffs into account. Granted, it’s a regular season award, but in that case, wouldn’t Danny Ferry deserve it for pulling the trigger on the Mo Williams trade, which led to an All-Star nod for the guard and a 66-win season? Mitch Kupchak also deserves mention for his theft of Pau Gasol (now a year and a half old) along with mining Trevor Ariza and Shannon Brown from other team’s benches.

Of course, Warkentien pulled arguably the best in-season move by sending Allen Iverson to Detroit for Chauncey Billups, which gave the Nuggets the toughness and defensive intensity to go from a Western Conference also-ran to a legitimate contender. I didn’t like his decision to give away Marcus Camby last summer in a salary dump, but in his defense, his signing of Chris Andersen offset that loss. Still, it would have been nice to have Camby on the roster against the Lakers, but there probably wouldn’t have been enough minutes for three centers. Warkentien rolled the dice that Nene was ready to explode and that Andersen could bring energy, rebounding and shotblocking off the bench, and it worked out, for the most part. Warkentien also signed Dahntay Jones, who eventually turned into (sort of) a starter for George Karl, and re-signed J.R. Smith.

Now let’s take a look at the job Otis Smith has done (from HoopsHype):

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