Not only did Tuesday night's 117-108 loss to the Orlando Magic at Kia Center mark the Heat's fourth straight loss and fifth loss in the past six games, but it also ended the Heat's NBA Cup run before it could advance to the in-season tournament's final four in Las Vegas.

Norman Powell sounded frustrated after the Miami Heat's loss to Orlando Magic in the NBA Cup as their offense stalled.

All eight teams left in the running for the NBA Cup are now playing for a shot at going to Las Vegas for the tournament semifinals, along with a chance of picking up more than $500,000 per player as a reward for claiming the title.

Five takeaways from the Miami Heat’s 117-108 loss to the Orlando Magic (15-10) on Tuesday night at Kia Center in an NBA Cup quarterfinal game to drop its fourth straight game. The Heat (14-11) is now eliminated from the in-season tournament:

Erik Spoelstra is in a state of disbelief in the aftermath of the Heat's NBA Cup quarterfinals exit to the Magic.

The Miami Heat announced on Sunday that guard/forward Pelle Larsson will not be available to play in Monday night's home game against the 15-11 Toronto Raptors.

Pat Riley was close for trading for Iverson, but Wade vetoed the deal when he discovered the Heat would have to give up Udonis Haslem.

The Toronto Raptors and host Miami Heat have plenty in common ahead of their clash on Monday. Both are well rested on the back of NBA Cup quarterfinal exits on Tuesday.