Magic Sign Aaron Gordon, Elfrid Payton

10:01am: Their contracts are indeed for 120% of the rookie scale, as Josh Robbins of the Orlando Sentinel tweets.

9:44am: The Magic have signed No. 4 overall pick Aaron Gordon and Elfrid Payton, the 10th overall pick, the team announced via press release. Official signings with first-round picks are one of the few maneuvers allowed during the July moratorium. They’re both presumably getting the standard 120% of the rookie scale, so Gordon will likely make slightly more than $3.992MM this season while Payton will probably draw nearly $2.398MM, as our table of salaries for first-round picks shows.

Orlando pulled a surprise with its choice of Gordon, a power forward from Arizona, while Dante Exum and Marcus Smart were still on the board, but the team filled its need for a point guard not long after, swinging a trade to acquire Payton. Orlando gave up No. 12 pick Dario Saric, a 2017 first-rounder and a 2015 second-rounder to the Sixers in exchange for the point guard from Louisiana-Lafayette.

Eddie Scarito of Hoops Rumors gave the Magic an A for their draft, one in which they also netted No. 56 overall pick Devyn Marble. Still, he pointed to the risk involved with Gordon when he examined him as part of our Prospect Profile Series.

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