Magic name Stan Van Gundy coach

Jun 7, 2007 - 2:25 PM ORLANDO, Florida (Ticker) -- The Orlando Magic on Thursday named Stan Van Gundy as their new coach, ending a week-long saga surrounding Billy Donovan and the future of the franchise.

Van Gundy became the ninth coach in Magic franchise history. Orlando did not disclose terms of the deal, which was struck less than 24 hours after the team released Donovan from a five-year, $27.5 million contract.

Van Gundy, 47, served as the Miami Heat's coach from 2003 through December 2005, posting a 112-73 record in the regular season and a 17-11 postseason mark. He guided the Heat to the Southeast Division crown and a berth in the Eastern Conference finals in the 2004-05 campaign.

"Stan enjoyed tremendous success during his tenure with the Heat," Magic general manager Otis Smith said. "He has a great basketball mind, tremendous respect around the league and will get the most out of our players. Stan was sought after by many teams this summer, and we feel very proud to welcome him to the Magic family."

Since Van Gundy was under contract through the 2008 season as a consultant with the Heat, the Magic were forced to reach a compensation agreement with their division rival.

Neither team announced terms of the compensatory agreement, but the Sun-Sentinel of South Florida reported on its web site that the Heat will receive a second-round pick in this month's NBA draft plus other considerations.

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