July 27, 8:01 PM: The signing is official, according to a team press release. “Marreese (Speights) has developed into [an] effective shooting big man during his pro career,” said President of Basketball Operations Jeff Weltman. “He is a veteran player that brings playoff and championship experience to our team. We are very happy to have Marreese and his family in Orlando.”
July 23, 3:31 PM: Speights’ deal with Orlando will be a minimum salary arrangement, Pick tells Hoops Rumors.
Speights recently held a face-to-face meeting with Orlando officials, who have been searching for shooting help. The 6’10” Speights is a reliable shooter from distance for a big man, connecting on 37% from 3-point range for the Clippers last season while averaging 8.7 points and 4.5 rebounds per game.
The Magic have their $4.328MM room exception available, so all or part of that could be used to add Speights. Even if he signs for the veteran’s minimum of $2.1MM, it will match the value of the contract he opted out of with the Clippers.
Speights spent one season in L.A. after signing there last summer. Before that, he was part of the rotation for Warriors teams that captured the 2015 NBA title and won 73 games in 2015/16. A first-round pick of the Sixers in 2008, he also spent time with the Grizzlies and Cavaliers.