The Orlando Magic and free agent big man Moe Wagner have agreed to a one-year, $5 million contract. The Magic previously declined Wagner's team option this offseason, but had always planned to bring him back to Orlando.

Wagner was in the midst of the best season of his career last year, when he tore his ACL just before Christmas. The 28-year-old forward averaged 12.9 points and 4.9 rebounds in 18.8 minutes per game over 30 games off the Magic bench last season.