The deal is worth $84 million over four years, an average annual value of $21 million. Gordon was a restricted free agent, which meant Orlando would have had the right to match any deal for him.
Orlando RFA Aaron Gordon has agreed to a four-year, $84 million deal to re-sign with the Magic, league sources tell Yahoo.— Shams Charania (@ShamsCharania) July 2, 2018
“Well short of Gordon’s max. Good and fair deal,” ESPN analyst Zach Lowe tweeted.
The Lakers were said to have interest in the 22-year-old, but it likely waned when L.A. signed LeBron James.
Gordon had a breakout season in 2017-18. He averaged 17.6 points, 7.9 rebounds, and 2.3 assists in his fourth season with the Magic. All those figures are career-highs. He also shot a career-best from 3-point land (.336).
The Magic have struggled all four years Gordon has been on their roster, but clearly they are hoping he can be one of their cornerstones moving forward.
Orlando selected Gordon fourth overall in the 2014 NBA Draft. The Magic went 25-57 last season. They hired former Hornets head coach Steve Clifford to replace Frank Vogel, who was Orlando’s head coach for two seasons.