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Magic Release Donovan From Contract

Wednesday, June 06, 2007 10:21:36 PM
By TRAVIS REED

 Former co-captain of the Providence College Friars basketball team Billy Donovan, left, chats with a former coach of the team, Rick Pitino, in Providence, R.I., in this  May 11, 2007 file photo, at a 20th-anniversary celebrations of the 1986-87 team's trip to the Final Four.  (AP Photo/Steven Senne)ORLANDO, Fla. (AP) - Billy Donovan is out in Orlando, and his cold feet could cost both him and the Magic. The Magic finally let Donovan out of a $5.5 million annual deal late Wednesday night after news broke days ago he was having second thoughts. Donovan may have stained a good reputation built on two straight championships at Florida.

"I realized in less than 24 hours after signing a contract with the Magic that I had made a mistake that had nothing to do with the Magic," Donovan said in a statement Wednesday night. "Instead, I realized that, in my heart, I belonged in college basketball. As soon as I realized that, I contacted the Magic immediately to let them know."

Orlando is still coachless, and could miss out on second choice Stan Van Gundy if the Sacramento Kings hire him quickly.


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