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Magic announce Vucevic signs extension

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The Orlando Magic signed center Nikola Vucevic to a contract extension, the team announced Thursday.

The team did not provide details of the signing, but multiple media outlets reported earlier that it was a four-year extension. The Orlando Sentinel and ESPN.com reported the extension is worth $53 million. Yahoo Sports reported the deal will pay Vucevic $54 million. USA Today Sports listed the contract value at $48 million with incentives that could hike the total to $53 million.

The extension for Vucevic, who turns 24 years old this week, will start after the upcoming season and will run through 2018-19..

“Today is an exciting day for Nik (Vucevic) and his family, as well as our entire organization,” said general manager Rob Hennigan in a statement. “Since arriving in Orlando, Nik has demonstrated consistent work habits and a constant hunger to improve. He’s a high character, team-first player. We are proud of his development and are looking forward to continuing to grow together.”

The 7-foot Vucevic appeared and started in 57 games last season with Orlando, averaging 14.2 points and 11.0 rebounds.

Up to the minute news and reports from the news wire of The Sports Xchange.

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