April 17, 1998
The Orlando Magic selected Tennessee-Chattanooga forward Johnny Taylor (17) with the No. 17 pick in the first round of the 1997 NBA draft. Taylor was traded by the Magic with the draft rights to forward/center Keon Clark to the Denver Nuggets on Jan. 21, 1999 for a first-round pick in the 1999 draft. The Magic reacquired Taylor in February 2000, but they renounced his rights in August 2000 in advance of signing forward Grant Hill and guard Tracy McGrady to seven-year, $93 million contracts.