Jason Maxiell's free-agent contract with the Orlando Magic is worth $5 million across two seasons, Adrian Wojnarowski of Yahoo! Sports reported on Thursday, but another key detail of the signing has emerged. According to Josh Robbins of the Orlando Sentinel, the second season of Maxiell's contract will not become fully guaranteed until the summer of 2014, which provision gives the Magic some salary-cap flexibility.
Having a non-guaranteed second season affords the Magic the opportunity to cut ties with Maxiell, if necessary. It also enables the team to include him as salary ballast in a potential offseason trade.
The Magic officially signed Maxiell on Thursday afternoon. The 30-year-old big man adds experience and toughness to a mostly young team which posted the NBA's worst record in the 2012/13 season.
A Cincinnati product, Maxiell joins the Magic after eight seasons with the Detroit Pistons.
Once Orlando officially signs free-agent point guard Ronnie Price, Robbins says, it will be finished signing players for 2013/14. The Magic will still invite some additional players to training camp, which begins on October 1st at Amway Center.