While this summer has certainly been an important turning point for teams with cap space, other franchises are desperately trying to stay competitive. Especially the Eastern Conference could look totally different next year as far as teams making it to the post-season and championship candidates are concerned. Most importantly, the Miami Heat and Chicago Bulls plan to challenge the Magic and Celtics for Conference supremacy while the New York Knicks are also hoping to make some noise down the stretch. However, the Orlando Magic have shown last week that they are absolutely committed to chasing a championship ring as they did not only acquire Quentin Richardson but also signed former Knicks' point guard Chris Duhon to a multi-year deal.

Given the fact that the Magic had already been far beyond the luxury tax threshold, GM Otis Smith's tools to further improve Orlando's roster were evidently limited heading into this year's off-season. However, the franchise from Southern Florida was already able to improve their rotation as they signed point guard Chris Duhon to a four year deal worth roughly $15 million. Considering that Duhon will just be the backup point guard for Jameer Nelson, he should be able to do an excellent job versus opposing backup guards. After all, Duhon was previously a starter for the New York Knicks and averaged 7.4 points, 5.6 assists and 2.7 rebounds in 30 minutes per contest.

Moreover, the Orlando Magic also acquired sharp shooter Quentin Richardson who will replace Matt Barnes who has yet to find a new team. According to Orlando's front-office, Richardson agreed to a multi-year deal and is expected to provide Stan van Gundy's squad with a spark off the bench. On paper Richardson looks like an excellent fit for the Magic' inside-out system as he shot no less than 40% from beyond the arc last year in Miami. Thus, he could very well turn out to be a considerable upgrade over Barnes in 2010-11. Last but not least, GM Otis Smith opted to match the Chicago Bulls offer sheet for J.J. Reddick who will stay in Florida for another three years at a price of $20 million.

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