Report: Magic signing D.J. Augustin to four-year, $29 million contract

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Update: Chris Broussard of ESPN:

That sure isn’t cheap, but there are more teams that need a point guard than solid point guards available. The Magic ensured they got one.

 

The Magic practically gave away Tobias Harris and Channing Frye at the trade deadline to clear cap space.

The early returns — if you don’t count Serge Ibaka, who was acquired in a fairly cost-neutral trade — are a couple middle-of-the-road backup guards.

First, Jodie Meeks.

Now, D.J. Augustin.

Adrian Wojnarowski of Yahoo Sports:

The 28-year-old Augustin is a solid point guard — when he gets enough minutes to be comfortable. But he’s not good enough to start for most teams, including the Magic, who are invested in Elfrid Payton. So, it’s a catch-22.

At least Orlando coach Frank Vogel should know how to use Augustin. Vogel coached Augustin with the Pacers.