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JULY 14TH, 2:45pm: The deal is official, the Magic announced via press release.
“This is an exciting and important day for our organization. Re-signing Tobias was a top priority this summer and we’re thrilled to have him back,” GM Rob Hennigan said in the team’s statement. “We value Tobias’ contributions greatly, both on the floor and in the community, and we’re excited that he’ll remain an important member of our team for many seasons to come.”
JULY 3RD, 9:48pm: The Magic have reached an agreement with restricted free agent Tobias Harris on a new contract, Shams Charania of RealGM reports (Twitter links). The deal is a four-year, $64MM arrangement, Charania notes.That would appear to be the maximum salary, though the precise value of the max won’t be known until the July Moratorium ends next week.
Orlando would have had the right to match any offer sheet that Harris signed since it extended him a qualifying offer. The Magic were reportedly not willing to match a maximum salary offer sheet, but Harris apparently didn’t secure such an offer since the free agent signing period officially commenced. The Hawks, Knicks, Pistons, and Celtics reportedly had interest in the forward.
Harris logged 68 appearances for the Magic last season, averaging 17.1 points, 6.3 rebounds, and 1.8 assists in 34.8 minutes per game, with a slash line of .466/.364/.788. His career numbers since being the No. 19 overall selection in the 2011 NBA Draft are 12.7 PPG, 5.5 RPG, and 1.3 APG, with a shooting line of .463/.321/.790.