The Orlando Magic made their most significant move in free agency official, re-signing big Mo Bamba to a multi-year contract on Thursday.
The Magic, like all NBA teams, didn’t disclose the terms of the deal, citing team policy.
Bamba’s agents told Yahoo Sports on June 30, shortly after teams were able to communicate with free agents, that Bamba agreed to terms on a 2-year, $21 million deal.
His salary is estimated to be $10.1 million for 2022-23, slightly below next season’s non-taxpayer mid-level exception ($10.49 million) and a $2.52 million increase from the $7.59 million he was making last year in the final season of his 4-year, $24.1 million rookie scale contract.
The league’s salary cap increased by $11.24 million — $112.41 million in 2021-22 to $123.66 million — meaning Bamba’s deal is expected to take up 1.5% more of Orlando’s cap space compared to last season.
Bamba, the No. 6 pick in the 2018 draft, averaged career-highs across the board last season, including minutes (25.7), points (10.6), rebounds (8.1), blocks (1.7) and assists (1.2) in 71 games (69 starts).
The Magic allowed Bamba to enter free agency as an unrestricted free agent after not extending the qualifying offer but made it clear they wanted him to return.
Most deals couldn’t become official until 12:01 p.m. on July 6.
The Magic also agreed to a 2-year, $26 million contract extension with Gary Harris, whose previous 4-year, $84 million deal was set to expire, one day before free agency officially began on July 1.
Harris’ $13 million salary for 2022-23 is fully guaranteed while his $13 million salary for 2023-24 is non-guaranteed, according to Spotrac, an online contract resource.
That essentially makes Harris’ contract an expiring deal if the Magic want it to be. His 2023-24 salary becomes fully guaranteed if he’s on the roster past June 30, 2023.
The Magic also re-signed Bol Bol to a 2-year contract on Thursday. The full details of Bol’s deal weren’t known as of Thursday, but a league source told the Orlando Sentinel the deal has a team option for the second season.
This article first appeared on OrlandoSentinel.com. Email Khobi Price at khprice@orlandosentinel.com or follow him on Twitter at @khobi_price.
()
from Signage https://ift.tt/7pxbzQS
via Irvine Sign Company
