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Following the [[2018–19 Orlando Magic season]], Weltman re-signed [[Nikola Vucevic]], [[Terrence Ross]] and [[Michael Carter-Williams]] and acquired [[Al-Farouq Aminu]]. In the [[2019 NBA Draft]], the Magic selected [[Chuma Okeke]] with the 16th pick. In the [[2020 NBA Draft]], the Magic selected [[Cole Anthony]] with the 15th pick.
In 2021, Weltman said the group is confident that [[Markelle Fultz]] and [[Jonathan Isaac]] will fully recover from their injuries but the current situation is a "toxic brew".<ref>{{Cite web|date=2021-01-12|title=Jeff Weltman: Orlando Magic in the midst of a “toxic brew”|url=https://orlandomagicdaily.com/2021/01/12/jeff-weltman-orlando-magic-midst-toxic-brew/|access-date=2021-04-21|website=Orlando Magic Daily|language=en-US}}</ref> Under Weltman's leadership, the Magic moved [[Nikola Vucevic]], [[Evan Fournier]], and [[Aaron Gordon]] in three separate deals at the 2021 trade deadline, acquiring three future first-round picks, [[Gary Harris]], an expiring contract in [[Otto Porter]], as well as [[Wendell Carter]] and [[R.J. Hampton]]
On April 12, 2021, Weltman announced the Magic signed free agent [[Robert Franks]] to a 10-day contract.<ref>https://www.nba.com/magic/magic-sign-robert-franks-10-day-contract-20210412</ref> On April 13, 2021, Weltman announced the Magic waived [[Karim Mané]] after signing a two-way contract on November 27, 2020.<ref>https://www.nba.com/magic/orlando-magic-waive-karim-mane-20210413</ref> On April 16, 2021, Weltman announced the Magic have signed guard [[Devin Cannady]] to a two-way contract.<ref>https://www.nba.com/magic/orlando-magic-sign-devin-cannady-two-way-contract-20210416</ref>
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