The word design/font of “Magic” and “Orlando” with the A's being replaced with a star on the pinstripe looks good, reminiscent of the 90s, but slightly updated. It doesn't look as good as the 90s pinstripe but it's not bad either.
However, they could've made a better logo; the basketball with “magic” stars behind it looks like something you'd create on 2K, the original version of that logo looked more authentic.
Other than that it's a nice look, I guess.