The Magic have agreed to a one-year, $7MM deal with free agent point guard Tyus Jones, Shams Charania reports for ESPN (Twitter link).
Yossi Gozlan of the Third Apron notes (via Twitter) that if the Magic intend to stay under the luxury tax, they will need to shed salary elsewhere.
As ESPN’s Bobby Marks tweets, Jones’ contract will come out of Orlando’s non-taxpayer mid-level exception, which will hard-cap the Magic at the first apron.
Jones played for the Suns last season, averaging 10.2 points and 5.3 assists while shooting 41.4% from three and 89.5% from the free throw line. He spent time as both a starter and a reserve for Phoenix as it searched for answers with an ill-balanced roster.
The 29-year-old Jones joins a rapidly improving Magic team as the backup point guard, bringing stability and depth to the backcourt rotation. He also reunites with former Grizzlies teammate Desmond Bane, having spent three seasons together in Memphis.
Jones provides injury insurance for Jalen Suggs, who has played 53 games or fewer in three of his four NBA seasons. A high-level shooter and decision-maker, Jones can slot into the starting lineup when needed and work as an off-ball player alongside star ball-handlers Paolo Banchero and Franz Wagner.