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Report: Terrence Ross signs four-year, $54 million deal to return to Magic

Orlando Magic v Boston Celtics

BOSTON, MASSACHUSETTS - APRIL 07: Terrence Ross #31 of the Orlando Magic celebrates during the fourth quarter against the Boston Celtics at TD Garden on April 07, 2019 in Boston, Massachusetts. The Magic defeat the Celtics 116-108. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Maddie Meyer/Getty Images)

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Terrence Ross is heading back to the Orlando Magic.

As free agency opened on Sunday afternoon, Ross was reported to have signed a new four-year, $54 million deal with his current team. It was the big pay day that the Portland native has been searching for, and one that came after a great year for Ross.

Ross, 28, was an excellent spot-up shooter and pick-and-roll ball-handler for Orlando last year. He’s still an average defender, but he’s reasonable on that end of the floor and his contract isn’t exorbitant.

Via Twitter:

Orlando made the playoffs in the Eastern Conference last season, and it looks like they want to keep some of their core players. Ross was a vital wing for the Magic, and his new contract comes on the heels of a report that Nikola Vucevic will also be returning to Central Florida.

Ross’s deal puts the Magic in a bit of a sticky cap situation for this year, but moving forward the team should have some open space over the next two seasons to add some improvement around their core.