Jonathon Simmons agreed upon a three-year, $18 million contract with the Orlando Magic.

Simmons will be paid $6.3 million in Year 1, $6 million in Year 2 and $5.7 million in Year 3 with a partial guarantee of $1 million in the final season.

Simmons' deal has $13.3 million in guaranteed money.

The San Antonio Spurs rescinded their qualifying offer to Simmons on Thursday.