The Orlando Magic have reached an agreement in principle with free-agent point guard Ronnie Price.
No contract has been signed yet, and the agreement is contingent on Price passing a physical.
Price, who turned 30 last month, likely will serve as the Magic’s third-string point guard, occupying a role similar to the one Ish Smith had at the beginning of last season.
Price has played for four teams during his eight-year NBA career.
Last season, he appeared in 39 games for the Portland Trail Blazers off the bench and averaged 2.7 points, 1.9 assists and 0.9 turnovers in 13.1 minutes per game. He was hampered for much of his Trail Blazers tenure by a high ankle sprain he suffered during the preseason.
The Trail Blazers waived him on Feb. 22 to make room on their roster after they acquired Eric Maynor from the Oklahoma City Thunder in a trade.
Price’s deal with the Magic, once it's signed, likely will be fully guaranteed for the year ahead. The NBA’s minimum salary for a player with eight years of experience will be $1.26 million during the 2013-14 season.
Jameer Nelson will enter the season as the Magic’s starting point guard, and his primary backup likely will be rookie Victor Oladipo or third-year combo guard E’Twaun Moore.
The Magic elected not to re-sign free-agent point guard Beno Udrih this offseason.
Udrih, 31, likely will command a multiyear deal, and the Magic didn’t want to add any salary commitments beyond the 2013-14 season.
Price’s agreement with the Magic was reported first by CSNNW.com.
Josh Robbins covers the Orlando Magic and the NBA for the Orlando Sentinel. You can reach him via e-mail at email@example.com and connect with him on Facebook at facebook.com/JoshuaBRobbins. Follow him on Twitter at @JoshuaBRobbins.