The Washington Wizards acquired former University of Maryland swingman Laron Profit from the Orlando Magic yesterday by trading a conditional second-round draft pick for the rookie, a league source confirmed.

Some minor terms still were being finalized with Profit's agent last night but key to the deal is that Washington would not have to part with the draft pick unless Profit makes the Wizards' roster, the source said.

Orlando, which has more than 20 players, had no plans to retain Profit, whom the Magic drafted this summer in the second round (38th overall), according to a source in Orlando.

The Wizards, on the other hand, like Profit's versatility and defensive prowess, a team source said. Profit, 6 feet 4, can play both guard positions and small forward, although his ideal spot is at shooting guard.

Washington needs additional depth at all three positions, particularly in the backcourt. The Wizards have just four guards under contract and would like to add a fifth.

Profit, whose 252 career steals rank second all-time at Maryland and sixth overall in the Atlantic Coast Conference, averaged 14.5 points in earning third-team all-ACC and honorable mention all-American honors during his senior season.

Profit, from Dover, Del., will have to compete for a spot with the Wizards, who open training camp Oct. 5. James Collins, 6-3, will be in preseason camp and veteran journeyman Reggie Jordan might be as well.

The trade for Profit is the second between Washington and Orlando this summer. The Wizards dealt center-forwards Ben Wallace and Terry Davis, along with guards Tim Legler and Jeff McInnis, to the Magic for center Ike Austin. Legler recently was released.

Wizards Notes: The Wizards have added a game to their preseason schedule. They'll play the Boston Celtics on Oct. 28 in the Hall of Fame Game at Springfield (Mass.) Civic Center. The Wizards begin preseason play on Oct. 12 against the Los Angeles Lakers in Little Rock.