McGrady played for the Magic from 2000 to 2004, making the All-Star Game all four seasons.
The team said the 38-year-old McGrady will be available to players and coaches on and off the court, will assist and advise the executive team in several areas and will help with promotion, marketing and community relations activities for the Lakeland Magic of the NBA G League.
McGrady played in 295 games (294 starts) during his four seasons with the Magic, averaging 28.1 points, 7.0 rebounds, 5.2 assists and 1.53 steals.
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Cleveland Cavaliers star LeBron James was scheduled to sit out Friday night's preseason game against the Indiana Pacers due to his left ankle injury, the team announced.
James suffered the injury during a practice on Sept. 27 when he stepped on the foot of rookie forward Cedi Osman.
James returned to practice Thursday and coach Tyronn Lue said it was possible that James might play against the Pacers. But the Cavaliers opted against playing James for precautionary reasons.
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