ESPN's Adrian Wojnarowski was first to report that Gary Harris, R.J. Hampton and a 2025 protected first-round pick are heading back to Orlando. Gary Clark is reportedly heading to Denver along with Gordon.
Gordon, the fourth-overall pick in the 2014 draft, is averaging 14.6 points, 6.6 rebounds and 4.2 assists per game this season.
The Magic have been the busiest seller so far on deadline day, having already dealt Nikola Vucevic (Bulls) and Evan Fournier (Celtics) in an effort to retool around a core of younger players.
For the Nuggets, this move marked their second of the day addressing the front court, after they acquired JaVale McGee from the Cavaliers.