I can confirm Bob Vander Weide is retiring as Magic CEO, Alex Martins will be promoted.
According to Baumann and other local media outlets, Vander Weide made a late-night phone call to Dwight Howard and may have been intoxicated while doing so.
Vander Weide confirmed that he made a 1 a.m. phone call in recent days to Magic superstar Dwight Howard, and Howard thought Vander Weide may have been intoxicated. On that call, Vander Weide told Howard how much the Magic wanted to keep him in Orlando. “I was playing paddle with friends and had a couple of glasses of wine,” Vander Weide told BHSN. “Maybe Dwight thought it was inappropriate to talk business after a couple of glasses of wine. Maybe I should have waited until the morning.” [...]
Vander Weide has been in New York working on the new NBA collective bargaining agreement. “I felt engrained in the committees. Part of the reason I’m stepping down from my role now is because I wanted to complete my role in the new CBA, planning committee and audit finance. I am faithful to David Stern, I really wanted to get through the CBA.”
Baumann has more in his report.
In a media alert sent by the Orlando Magic, a press conference has been scheduled for 11 AM ET tomorrow at the Amway Center. Dan DeVos, Bob Vander Weide, Alex Martins, and Otis Smith are expected to attend, presumably to make an official announcement.