How KCP Contract Impacts Magic's Salary Cap Amid Paul George, Klay Thompson Rumors

The Orlando Magic have added a solid role player to the roster, picking up free agent guard Kentavious Caldwell-Pope on a three-year, $66 million deal.

While Caldwell-Pope gives the Magic some much-needed help, the team may still be looking to make some additions, whether that's Paul George or Klay Thompson. After Caldwell-Pope's deal, Orlando has a projected $30 million in cap space, as diagramed by ESPN's Bobby Marks here:

With $30 million available, it would likely be tough for the Magic to land George. Orlando reportedly was prepared to offer George a four-year max contract, but won't have the needed cap space to do so now.

TNT Sports' Chris Haynes reported Sunday afternoon that there is "growing optimism" that the Philadelphia 76ers will land George. Perhaps the Magic felt they were out of the running for George and instead decided to shift their focus to Caldwell-Pope.

Orlando can still make a splash this offseason if it decides to pursue Thompson. The Athletic and Stadium's Shams Charania reported Sunday that the Golden State Warriors are preparing to work through sign-and-trade options for Thompson after 13 years with the team.

The competition to land the veteran sharpshooter could be tough as he's planning to meet with the Dallas Mavericks, Los Angeles Lakers, Los Angeles Clippers and 76ers, per ESPN's Adrian Wojnarowski.

All of those teams are likely in a better position to compete for a championship next season, and if that's what Thompson is looking for this offseason it could cost the Magic a chance to sign him.