Nik Vecevic is entering his 4th season in the NBA and the Orlando Magic decided to reward him with a 4 year contract which will give him 54 million over the course of those years. (About 11 million per year). This deal will keep Vecevic as a member of the Orlando Magic till the end of the 2018-2019 NBA season.

Magic give Vucevic four-year $54 million extension, source tells Yahoo

— Marc J. Spears (@MarcJSpears) October 21, 2014

Base salary on Nik Vucevic's deal with Magic is four years, $48 million, I've been told, with incentives that could push amount to $53M.

— Jeff Zillgitt (@JeffZillgitt) October 21, 2014

When the final terms are confirmed, we will update our article.

Orlando Magic Head Coach Jacque Vaughn spoke on the contract:

I think Nik is growing up. He’s maturing. He’s older. He’s wiser. He’s played these guys more than a few times now, and that’s learning the league. You learn your position. You’re going to face these guys, hopefully, for a long time.