The Magic Insider

Magic Guarantees Markelle Fultz, Gary Harris Contracts; What's Next?

Markelle Fultz and Gary Harris will remain with the Orlando Magic this season.

Jeremy Brener

In this story:

ORLANDO - The Orlando Magic is solidifying part of its future today.

According to Jason Beede of The Orlando Sentinel, the Magic is fully guaranteeing the contracts for Markelle Fultz and Gary Harris.

Fultz had a partial guarantee of $2 million, but will now make $17 million for the upcoming season. Meanwhile, Harris had no money guaranteed, but now the Magic has kept them on board for the upcoming season.

So, what does this mean for the Magic?

Fultz is likely going to enter contract negotiations for an extension. Despite the team drafting Anthony Black and rostering Cole Anthony, Orlando is high on Fultz being its franchise point guard moving forward. As a free agent next summer, Fultz would want the financial security down the line. He can sign an extension on Sept. 30, a few weeks before the start of the season.

Harris will now make $13 million this season, which is a tradeable contract. However, Orlando is high on Harris, especially given his three-point prowess. His 43.1 percent clip from beyond the arc this past season ranked second in the NBA behind Memphis Grizzlies guard Luke Kennard. He's expected to compete for the starting shooting guard spot next to Fultz.

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Jeremy Brener
JEREMY BRENER

Jeremy Brener is an editor, writer and social media manager for several Fan Nation websites. His work has also been featured in 247 Sports and SB Nation as a writer and podcaster. Brener has been with Fan Nation since 2021. Brener grew up in Houston, going to Astros, Rockets and Texans games as a kid. He moved to Orlando in 2016 to go to college and pursue a degree. He hosts "The Dream Take" podcast covering the Rockets, which has produced over 350 episodes since March 2020. Brener graduated in May 2020 from the University of Central Florida with a Bachelor's degree in Broadcast Journalism minoring in Sport Business Management. While at UCF, Brener worked for the school's newspaper NSM.today and "Hitting the Field," a student-run sports talk show and network. He was the executive producer for "Hitting the Field" from 2019-20. During his professional career, Brener has covered a number of major sporting events including the Pro Bowl, March Madness and several NBA and NFL games. As a fan, Brener has been to the 2005 World Series, 2010 FIFA World Cup and the 2016 NCAA National Championship between the Villanova Wildcats and North Carolina Tar Heels. Now, Brener still resides in the Central Florida area and enjoys writing, watching TV, hanging out with friends and going to the gym. Brener can be followed on Twitter @JeremyBrener. For more inquiries, please email jeremybrenerchs@gmail.com.

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