One of Orlando's co-captains will remain in a Magic uniform.
Jameer Nelson tweeted, confirming what he told Josh Robbins of the Orlando Sentinel, that he has come to an agreement with the Magic and will remain in Orlando. Nelson would not disclose the length or amount of his deal, but Robbins reports it is a three-year deal.
"I was prepared to go where I needed to go to continue my career, and I think I kind of expressed that to the organization," Nelson said to Robbins. "But I also told them that I would love to come back.
Genuinely, I love the city. I love the organization. I’ve learned a lot from the people in the organization. The DeVos family means a lot to myself and my family and it means a lot to me that they always put out a winning product."
It was pretty much understood by all sides that Nelson wanted to remain in Orlando and Orlando wanted to retain Nelson. It was just a matter of dollars and cents.
Nelson opted out of the final year of his contract, which would have paid him around $8 million, so he could seek more long-term security. With the Magic certain to trade Dwight Howard, Nelson did not want to become simply a tradeable expiring contract. Also, at 30 years old, this appears to be Nelson's last opportunity to get a long-term deal.
The three-year deal should give him some stability and long-term security.
The amount the contract is worth has not been revealed and the Magic cannot discuss the signing until the league's moratorium is lifted July 11 (per team policy, they usually do not release contract information).
David Pingalore of ClickOrlando.com reports the contract is worth $19.7 million and the third year will have some option attached to it. This means, over the life of the contract, Nelson took a pay cut from what he would have made if he played the final year of his previous contract for a few years of stability in Orlando.
That was clearly important to Nelson as mentioned earlier. Nelson has played all eight years in his career in Orlando.
Last year was a rough one for Nelson though. He averaged only 11.9 points per game, his worst since 2008, and shot only 42.7 percent from the floor, the worst of his career. Nelson has improved his passing in the last few years, dishing out 5.7 assists per game last year. Nelson will be expected to produce back to his averages now that he has his long-term deal.
Adding to the excitement today, Adrian Wojnarowski of Yahoo! Sports reported the Magic plan on picking up the final year of J.J. Redick's contract. Redick had a career year last season with 11.6 points per game and 41.8 percent shooting from beyond the arc. Redick really stepped into a strong bench role and endeared himself to the fans with his effort. Redick is certainly a big piece of what the Magic do and they are glad to have him back.
Not to mention, the down side, he is one of the more valuable trade assets on the roster if the team is looking to improve. Redick though is an important part of the team and the Magic secured two of their more important players for at least the next year.