The Orlando Magic exercised their third-year team options on forward Aaron Gordon, guard Shabazz Napier and guard Elfrid Payton, while also exercising their fourth-year team option on guard Victor Oladipo.
Gordon was a first-round pick in the 2014 NBA Draft and averaged 5.2 points and 3.6 in 47 games as a rookie, including eight starts.
Napier was a first-round pick by Charlotte last year and traded to Miami, where he averaged 5.1 points and 2.5 assists in 51 games as a rookie. He was traded to Orlando for a second-round pick and cash considerations in July.
Payton played in all 82 games as a rookie, averaging 8.9 points and a team-high 6.5 assists while starting 63 games. Selected 10th overall by Philadelphia last year, he was acquired by the Magic in June 2014 for the draft rights to Dario Saric, a future first-round pick and a future second-round pick.