Magic Re-Sign Evan Fournier

JULY 7, 1:25pm: The Magic have now confirmed all their previously-reported free agent signings, wrapping up their series of announcements by tweeting that they’ve re-signed Fournier.

JULY 1, 3:19pm: Fournier’s new contract will include a player option in the fifth year that would allow him to become an unrestricted free agent in 2020, tweets Josh Robbins of The Orlando Sentinel.

2:27pm: The Magic have reached an agreement with restricted free agent Evan Fournier on a five-year contract that will be worth about $85MM, reports Marc J. Spears of The Undefeated (via Twitter). Both sides had been interested in finding common ground on an extension, with Fournier indicating as free agency opened that he wasn’t sure if he’d even take any meetings with rival suitors.NBA: Chicago Bulls at Orlando Magic

Fournier, 23, enjoyed a breakout season for the Magic in 2015/16, starting a career-high 71 of 79 games for the team and establishing new career-best marks in several other categories as well, including PPG (15.4), APG (2.7), RPG (2.8), and 3P (2.0). He also had a very solid shooting line of .462/.400/.836.

With his rookie contract having expired, Fournier received a qualifying offer from the Magic earlier this week, making him a restricted free agent and giving the team the right of first refusal. Given the numbers we’ve seen on many of the early free agent agreements today, it seems possible that Fournier could’ve found a maximum-salary offer sheet – which would have been worth closer to $95MM over four years – from another team. Instead, he’ll take slightly less than that to remain with the Magic on a five-year pact.

Since sending Victor Oladipo to the Thunder as part of the trade package that landed Serge Ibaka in Orlando, the Magic have been very active in fortifying their backcourt. The club acquired Jodie Meeks in a trade with the Pistons, then agreed to sign D.J. Augustin earlier today, before reaching an extension agreement with Fournier.

Fournier ranked 14th on our list of this year’s top 50 free agents.

Photo courtesy of USA Today Sports Images.

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