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Sources: Donovan wants out of Magic deal

Billy Donovan is having second thoughts.

According to two sources close to the situation, the former Florida coach, who accepted the Orlando Magic job on Friday, is attempting to return to Gainesville.

Donovan agreed to a five-year, $27.5 million contract with the Magic late last week, but has approached both sides about getting out of the deal.

According to one source, Donovan was forced to make a rash decision by the Magic management - and he regretted it shortly after agreeing to the contract.

Speculation centered on VCU coach and former Gators assistant Anthony Grant replacing Donovan quickly. In fact, Grant was slated to meet with Florida athletic director Jeremy Foley on Saturday morning.

However, shortly after landing in Virginia, Foley had to return due to an emergency. One source confirmed that the emergency was that Donovan contacted Foley about returning.

Donovan, 42, led the Gators to consecutive national titles over the past two seasons and was slated to sign a seven-year deal worth approximately $3.5 million annually. The deal was still in the process of being approved when he accepted the deal with the Magic.

Donovan was introduced by the Orlando Magic at a news conference on Friday.

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