Magic announce Vucevic signs extension

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.