As far as i can tell, they changed the contract to guarantee him 6.5 million if they cut him before July. This changed the contract because everyone already said if he played in 1 more game his whole contract(just for next year) became guaranteed.
Theoretically this cleared the way for him to play the rest of the year without them worrying about his contract. Since he walked off the court i expect hm to play again this season, but who really knows. Either way it seems he is going to be cut or traded for sure and will not appear on this team ever again after the season is over including the playoffs.
TL;DR. Isaac is for sure done as a Magician once our playoffs are done. They can still trade his contract, who would want it is questionable considering we have barely any draft capitol to make an upgrade. That being said i doubt that happens in almost any capacity. We cannot afford to take salary back. The Magic are a top 5 payroll next year.
To be clear worst case they waive and stretch that 6.5 million.