Magic exercise Markelle Fultz’s $12M team option

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Magic general manager John Hammond said he had “no idea” when Markelle Fultz will play.

A couple encouraging assessments and an uneventful video later, and Orlando is guaranteeing Fultz $12,288,697 in 2020-21.

Magic:

That’s the power Fultz still holds as a former No. 1 pick. Even Anthony Bennett had his third-year option exercised. (He just never made it to the third season of his rookie-scale contract, taking a buyout instead.) It’s tough to cut bait on premier young talent.

But Fultz’s NBA career has been so miserable so far. With the rookie scale increasing under the current Collective Bargaining Agreement, he’s due a significant salary.

Because the 76ers drafted Fultz, Orlando had more leeway to decline the option without embarrassment. But the Magic are clearly committed to Fultz.

They had until Oct. 31 to decide on these options, which are for the 2020-21 season. These were easy calls on Jonathan Isaac ($7,362,566) and Mohamed Bamba ($5,969,040). But it’s nearly unfathomable Orlando didn’t evaluate the mysterious Fultz in training camp, preseason and even into the regular season before deciding on his future.

Perhaps, the Magic believe the early show of faith will give Fultz much-needed confidence. If so, this is an expensive bet on a player totally unproven at this level.

At least there’s major upside to it.