The Orlando Magic have locked down one of their promising stars after center Nikola Vucevic agreed to a four-year contract extension with the franchise.
Building to the future
The Magic are currently in a rebuilding stage and are developing a core of young stars that they hope will blossom into a championship-contending calibre unit.
The 23-year-old Montenegrin appears to be at the top of their list after the Magic worked out a contract extension that would keep their promising center until the 2018 NBA season.
Vucevic averaged 14.2 points and 11 rebounds in 31.8 minutes per game last season for the Magic, that kind of production from a big men is vital and for a small market franchise like Orlando, they need to retain their assets as they struggle in the free agent market.
The team finished a disappointing 23-59 last season and were well off a playoff spot in the underwhelming Eastern Conference, however the management reiterates it's in a rebuilding stage and with players like Victor Oladipo and Nikola Vucevic, the future is bright.
Marc Spears of Yahoo Sports was the first man to report the deal agreed between the Magic and Vucevic, he explained: "Magic give Vucevic four-year $54 million extension, source tells Yahoo"
Shams Charania of RealGM also broke the news instantly, reporting: "Nikola Vucevic’s new contract extension with the Orlando Magic is fully guaranteed through four seasons, no options, source tells RealGM."
There may be feeling that Orlando could've overpaid for their 23-year-old center after they agreed around $13.5million per year on average for their 7 ft big-man.
One aspect that does need to be considered however is that the NBA will be soon restructuring a TV deal that will acquire billions for the league, therefore rapidly increasing the salary cap and affording more luxury to teams like Orlando to pay these kind of contracts.
The next order of business for the Magic is taking care of another one of their upcoming stars, they are looking to iron contract details out with small forward Tobias Harris.
Although according to reports from Adirna Wojnarowski of Yahoo sports, there appears to be a significant gap between Orlando and the 22-year-old when it comes to restructuring a new contract.