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NBA free agency 2016: Magic, D.J. Augustin agree to deal, per report

The Magic have reportedly agreed to terms with their first free agent.

Isaiah J. Downing-USA TODAY Sports

Like a handful of teams, the Orlando Magic made their opening move of the NBA's free agency period in the opening hours of the long awaited free agency period.

According to The Vertical's Adrian Wojnarwoski the Magic, and point guard D.J. Augustin reached an agreement on a deal. While a monetary amount is not known, Wojnarowski reported that the deal is for four-years. ESPN's Chris Broussard, citing sources, says the deal will be worth $29 million.

Adding Augustin makes sense for the Magic.

Despite adding veteran C.J. Watson in free agency last summer, and Elfrid Payton holding down the starting spot, the Magic's point guard play was one of, if not their biggest, issues last season. Watson dealt with injuries for the majority of the year, while Payton saw pockets of inconsistent play, coupled with injury woes of his own.

Augustin, 28, brings much needed aspects to the Magic's bench as well. A strong three-point shooter, and a good driver, Augustin can give the Magic a little scoring punch, while being a calming influence on their second unit.

He's a low-risk signing who can ultimately pay off in a large way, if used correctly.

Augustin, like anyone who agrees to a deal in the coming days, can't sign until the end of the NBA's moratorium on July 7th.