Its official Howard has formally waived his rights to free agency at the end of this season and will remain on contract through the 2012-2013 season. The Drama has ended for now. We will have to see whether he signs a longer term deal in the next year or if this will happen all over again next year. For the Magics sake I hope this gets resolved on a longer term basis soon.
The Magic can for now focus on the rest of the season. They are strong contenders in the Eastern Conference and will remain so going into next season regardless how this season ends. It is unknown if they will be able to acquire a NBA title this year but is still a strong possibility. How they end up ending this season would have to be a major factor on whether Dwight will want to stay in Orlando for the future. The team might still need to address the depth issue that Howard has long had a problem with though.
I will be reporting on the Magic and other teams around the NBA going into and through the playoffs so keep checking back for more news.