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Former Longhorn D.J. Augustin inks $29 million deal with Orlando Magic

NBA: Denver Nuggets at Orlando Magic Kim Klement-USA TODAY Sports

Less than 12 hours into what’s expected to be an insanely rich NBA free agency, former Texas Longhorns point guard D.J. Augustin cashed out, inking a four-year, $29 million deal with the Orlando Magic.

Last season, the 28-year-old Augustin played 62 games – 34 with Oklahoma City and 28 with Denver – averaging 7.5 points and 3.2 assists in 19 minutes per game. Most notably, Augustin connected on 41 percent of his perimeter attempts; a crucial quality in today’s NBA. In addition to running alongside Elfrid Payton in some lineups, Augustin provides Orlando with some much-needed point guard depth. And considering the prices being thrown around in free agency, this could prove to be a steal for the Magic.