The leading candidate to replace Donovan is former Florida assistant coach Anthony Grant, who in his first season at Virginina Commonwealth, led the Rams to a first-round upset over Duke in the NCAA tournament.
If Florida athletic director Jeremy Foley does opt to go with Grant, it's likely that the top recruits Nick Calathes and Chandler Parsons will honor their committments to Florida. However, point guard Jai Lucas, the son of former NBA coach and player John Lucas, could opt to go elsewhere now that Donovan is leaving. Kentucky is considered an option for Lucas.
Donovan is coming off back-to-back national titles with the Gators and was set to sign a lucrative, long-term extension at some point in the next couple weeks.
Shortly after winning the second national title in April, Donovan spurned interest from Kentucky to remain in Gainesville.
However, Donovan has never denied the fact that he would be interested in coaching in the NBA. He recently told FOXSports.com that he was happy at Florida and would only leave for an ideal situation.
The job in Orlando could be ideal since it's nearby — and the Magic have one of the best young stars in the game in big man Dwight Howard. Orlando will also have some salary cap relief as Grant Hill's contract expires this season.