5:27pm: Simpson will indeed be signing an Exhibit 10 deal, tweets Khobi Price of The Orlando Sentinel.
5:08pm: The Magic are signing free agent Zavier Simpson, his agent Daniel Hazan tells Chris Haynes of Yahoo Sports (Twitter link).
While the terms of Simpson’s deal were not disclosed, it’s probably going to be a non-guaranteed contract, possibly an Exhibit 10 deal. As shown by our roster count page, Orlando already has 15 players on guaranteed contracts and both two-way slots filled, and once the contracts for Simpson and Drake Jeffries (Exhibit 10) become official, the Magic will have a 20-man roster, which is the maximum an NBA team can carry during the offseason.
Simpson, 25, went undrafted out of Michigan in 2020 and spent his first two pro seasons with the Thunder’s G League affiliate, the Oklahoma City Blue. In 35 regular season games (32.4 MPG) with the Blue in 2022, the 6’0″ point guard averaged 14.6 PPG, 5.1 RPG, 6.5 APG and 1.8 SPG on .488/.350/.692 shooting.
The Thunder signed Simpson to a 10-day hardship contract to finish out last season as the team dealt with several injuries. In his first taste of NBA action, he averaged 11 PPG, 5.3 RPG, 7.5 APG, 1.3 SPG and 1.0 BPG on .365/.125/1.000 shooting in four games.
Simpson most recently suited up for the Magic during Summer League in Las Vegas, appearing in five games (three starts, 22.6 MPG) while averaging 8.2 PPG, 4.2 RPG, 6.2 APG, 2.0 SPG and 1.0 BPG on .357/.286/.600 shooting, per RealGM.
Given the Magic’s lack of open regular season roster spots, the most likely outcome for Simpson is that he’s waived before the regular season begins and subsequently joins Orlando’s G League team in Lakeland as an affiliate player. In that scenario, he’d receive a bonus worth up to $50K if he spends at least 60 days with Lakeland.