JULY 9TH, 11:18am: The deal is official, the team announced via press release.
8:20pm: The final season is partially guaranteed for $1MM, Josh Robbins of the Orlando Sentinel reports.
8:57am: The Magic and Watson have reached an agreement on a three-year, $15MM deal, Marc J. Spears of Yahoo! Sports reports (on Twitter).
JULY 4TH, 12:09am: The Magic are nearing an agreement with unrestricted free agent C.J. Watson, Marc Stein of ESPN.com reports (Twitter link). It’s unclear as to the length and amount of the arrangement the two sides are discussing, though the guard is intent on securing a deal for the mid-level exception, as J. Michael of CSNWashington.com relayed earlier this week. Watson would provide backcourt depth behind Victor Oladipo and Elfrid Payton.
Watson, 31, appeared in 57 contests for the Pacers during the 2014/15 season, averaging 10.0 points, 2.9 rebounds, and 3.6 assists in 24.9 minutes per night, and owned a slash line of .434/.400/.826. His career numbers are 7.8 PPG, 2.0 RPG, and 2.5 APG, while shooting .425/.383/.806.
The Wizards, Clippers, and Mavericks were all reported to have interest in Watson. The point guard had expressed a desire to return to the Pacers back in April, saying, ”Hopefully I’ll be back here. I like it in Indy. I love the team and the atmosphere of the city. We’ll see what happens. It’s not really in my hands. So we’ll see.”