Magic Extend Contracts for Stan Van Gundy, Otis Smith

Orlando is hitching its wagon to the head coach/GM combo for a few more years, reports the Sentinel: “The Orlando Magic will put their title hopes into the hands of coach Stan Van Gundy and General Manager Otis Smith for a while longer. The Magic will announce Wednesday that Van Gundy and Smith have had their contracts extended through the 2012-13 season. While technically the general manager, Smith has a new title: president of basketball operations. The club also has promoted Chief Operating Officer Alex Martins to team president and his contract runs through 2012-13.”