Orlando Magic rumor: Tobias Harris won't sign extension, according to report

The Orlando Magic have one week from Friday to sign Tobias Harris to a contract extension, but as Chris Broussard of ESPN.com reports, Harris will not sign such a deal. Further, says Broussard, Harris' contract with the apparel brand Nike will offer him a bonus if he joins a team in the New York, Los Angeles, or Chicago markets.

Even if Harris doesn't sign an extension with Orlando, the Magic will still control his future, as he would become a restricted free agent in the summer of 2015. He would thus be free to sign an offer sheet with any team willing to extend him one, but Orlando would have the right of first refusal.

On Thursday, the Magic eliminated any question of Nik Vučević's future with the club by signing him to a four-year extension. Vučević and Harris are among several 2011 NBA Draft picks eligible to sign extensions.

When word of Vučević's pending contract began to circulate, Yahoo! Sports scribe Adrian Wojnarowski reported the Magic and Harris' representatives faced a "significant gap" in negotiations. That bit of news lends further legitimacy to Broussard's claim.

In one-plus seasons with the Magic, Harris has averaged 15.5 points and 7.4 rebounds per game. In 88 appearances, he's logged 56 starts.