D12's manager, Kevin Samples, tells @OrlandoSentinel that Dwight has indeed waived his ETO.
ESPN's Chris Broussard tweeted minutes later, saying that Howard texted him, telling him he had signed the waiver of the ETO.
The news that Howard would sign the waiver and choose to stay in Orlando for another season was first reported by Jarrod Rudolph of RealGM.com with a source confirming the report to Bleacher Report.
The Magic have announced a press conference for 1 p.m. ET to officially announce that Howard will remain in a Magic uniform.