The Orlando Magic have signed Victor Oladipo to his rookie contract.
Oladipo will almost certainly make 120 percent of $3,969,800 in his rookie season and $4,148,500 in his second season. The Magic will have a third-year option on Oladipo worth $4,327,100.
Oladipo was selected in the first round (second overall) of the 2013 NBA Draft.
Oladipo appeared in 104 career games during three seasons at Indiana University, averaging 10.7 ppg., 5.2 rpg., 1.7 apg. and 1.55 stlpg. in 24.6 minpg. He ranks third in Indiana history in career steals (161) and scored 1,117 points with the Hoosiers.