Bloomberg's Businessweek came out with an intriguing ranking of the 122 major sports teams in the U.S. (NFL, NBA, MLB, NHL) and called it 'Smartest Spenders in Sports 2014'. As you noticed, the Magic rank 9th out of the thirty NBA teams, and 31st out of the 122 franchises. Here are their described parameters for coming up with the rankings:
"Our ranking of all 122 franchises in the NFL, NBA, NHL, and MLB rates teams based on how much they spent in player payroll for every win during the last five seasons. Each team is compared against the average price per win in its league to produce a score we call the efficiency index. The less a team spends compared with its peers, the lower its score. Playoff victories and championships get extra weight. Payroll data come from the best available published sources.*
Playoff wins count for 10 percent of a season (e.g., 16.2 wins in baseball); Wild Card wins get half credit.
Championships count for 50 percent of a season (81 wins in baseball)."