Magic sign Markelle Fultz, Jonathan Isaac to contract extensions

Roy Parry, Orlando Sentinel

The Orlando Magic have reached contract extensions with point guard Markelle Fultz and forward Jonathan Isaac.

Fultz, the No. 1 pick in the 2017 NBA Draft, has signed a three-year deal worth $50 million, while Isaac’s deal is for four years and $80 million, according to ESPN’s Adrian Wojnarowski.

Isaac was the sixth pick of the 2017 draft.

The new contracts will begin with the 2021-22 season.

“We are thrilled to keep both Markelle (Fultz) and Jonathan (Isaac) in a Magic uniform,” Magid president of basketball operations Jeff Weltman said in a press release. “They both have a very bright future and they mean a lot to our organization, both on and off the court.”

Fultz and forward Jonathan Isaac were among the 19 players who were still eligible to sign rookie-scale extensions before the season starts Tuesday. Jayson Tatum, Donovan Mitchell, Bam Adebayo, De’Aaron Fox, and Kyle Kuzma already had signed new deals.

Teams had until 6 p.m. EST Monday to reach rookie-scale agreements with eligible players. These extensions can run for up to four — or five — years, with those contracts going into effect for the 2021-22 season.

Players who did not sign an extension will be eligible for restricted free agency in the 2021 offseason.

The Magic acquired Fultz in February 2019 for Jonathon Simmons and a 2020 second-round pick. Fultz missed the remainder of the season while recovering from a shoulder injury, then played in 72 of the team’s 73 regular-season games in 2019-20. Fultz was starting by the sixth game of the season.

Isaac began to emerge as one of the league’s elite defenders last season before a knee injury Jan. 1 halted his season. Isaac returned during the NBA restart and looked like he hadn’t missed a beat before sustaining an ACL tear in the same knee. He’s out for the upcoming season as he rehabs the surgically-repaired knee.

Check back for updates to this story.

This article first appeared on OrlandoSentinel.com. Email Roy Parry at rparry@orlandosentinel.com