The Orlando Magic will compensate the Toronto Raptors with a 2018 second-round pick for the hiring of their new president, Jeff Weltman, who was the former general manager under president Masai Ujiri, according to a report by Adrian Wojnarowski of The Vertical.

Weltman wasted no time upon his hiring, snatching former Milwaukee Bucks colleague John Hammond for the general manager position on Wednesday (the same as he held with the Bucks).

The Raptors had formerly given up a 2018 second-round pick to the Phoenix Suns upon acquiring forward P.J. Tucker prior to the trade deadline.

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Orlando has reshaped its front office in order to come out with a different product, failing to get any relevancy since the Dwight Howard days, having missed the playoffs for the last five seasons.

The team has gone through three different head coaches in the past five seasons, totaling a record of 132-278 through that span, a mere 32.2 winning percentage.