Based on Zach Lowe's recent column...
Teams will express interest in Dragic ahead of the trade deadline -- a bunch, including the Magic, already did, per league sources -- but Miami can hold out for a hefty return. They gave up a ton for Dragic, and they'd need to save face in any teardown trade.
http://www.espn.com/nba/story/_/id/18461666/zach-lowe-10-things-like-featuring-cj-mccollum-jumpers-nba
I think Orlando would be tough with him running point. He obviously makes a lot, and the Heat want a lot in return, but the Magic seem desperate to win now, so if you're the GM, and you know you need to make a run to the playoffs now to keep your job and be a fairly tough out the next few years, do you give up quite a bit, including future assets to get him?
I know many of us here on the forums think if a team isn't competing or can't win the championship any time soon, they should tear it down, but this isn't the reality many GMs are faced with from owners and knowing their job is on the line.
So if you are in Hennigan's shoes under these circumstances, what do you do?