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NBA free agency 2016: Orlando Magic officially sign D.J. Augustin

The Magic officially signed their reserve point guard on Thursday.

Isaiah J. Downing-USA TODAY Sports

D.J. Augustin is officially on his way to the Orlando Magic.

With the NBA's moratorium over, the Magic formally announced the signing of Augustin on Thursday. Per team policy, terms of the deal were not disclosed. According to The Vertical's Adrian Wojnarowski, the deal is for $29 million over four years.

Augustin, 28, has played for seven teams over his eight year career, most recently suiting up for the Oklahoma City Thunder and Denver Nuggets. Across 573 career games, 170 starts, the University of Texas product has averaged 9.8 points and 4.0 assists per game.

After Elfrid Payton and C.J. Watson dealt with their share of injuries last season, adding Augustin makes sense for the Magic. He brings improved shooting to their backcourt, as well as someone who is able to fill in and start should Payton go down with an injury.

Augustin can also play with Watson, the Magic's main free agency signing last summer, with both players having previously shown the ability to play off the ball.