Augustin and the Magic agreed to terms of a contract Friday, Adrian Wojnarowski of Yahoo! Sports reports.

EDGE Analysis

Of course, the deal can't become official until after the league's free agent moratorium period, but Augustin is believed to be headed to Orlando on a four-year contract. The 28-year-old's days as a starter are likely over, but he's been a capable backup throughout his career, and that's the role he'll fill for Frank Vogel as the No. 2 point guard behind Elfrid Payton. Augustin split last season between the Thunder and Nuggets, finishing with averages of 11.6 points and 4.7 assists per game in 28 contests with Denver.