The Orlando Magic have re-signed free agent forward Jam…

The Orlando Magic have re-signed free agent forward James Ennis III, President of Basketball Operations Jeff Weltman announced today. Per team policy, terms of the deal are not disclosed. Ennis (6’6”, 215, 7/1/90) played in 69 games (18 starts) last season with both Philadelphia and Orlando, averaging 6.6 ppg. and 3.6 rpg. in 18.3 minpg. He was acquired by the Magic on Feb. 6 from Philadelphia in exchange for a 2020 second round draft pick. Ennis appeared in 20 games (18 starts) with Orlando, averaging 8.4 ppg., 4.8 rpg. and 1.1 apg. in 24.5 minpg. He scored in double figures 16 times (eight times with Orlando) and 20+ points once, including a season-high 20 points on Nov. 29 @ New York. Ennis also played and started in five playoff outings, averaging 7.0 ppg., 5.8 rpg., 1.2 apg. and 1.00 stlpg. in 23.8 minpg.

More on James Ennis Free Agency

Shams Charania: Magic swingman James Ennis will decline his $2.1M player option and become a free agent, sources tell @The Athletic @Stadium.
Analysis: As the Magic’s roster stands now, Ennis would enter the 2020-21 season as the team’s starting small forward. That would seem like an enticing opportunity — and perhaps an opportunity to enhance his value for the 2021-22 season. I don’t think he would garner a guaranteed multiyear offer elsewhere or a deal for the upcoming season above the veteran’s minimum. Odds he returns: 60 percent
James Ennis III was acquired by the 76ers at the 2019 trade deadline, arriving by way of Houston, and proved to be a valuable spark off the bench down the stretch of the season. A free agent this summer, he ultimately opted to return to the team.
Another name to keep an eye on? James Ennis. Some in the Knicks organization are fans of Ennis and they will keep an eye on Ennis if they don't land their top targets, per sources
Ian Begley: James Ennis' deal with the Houston Rockets is for roughly $4 million in total, league sources told ESPN. He'll have a player option in the final year of the 2-year deal, league sources confirm.
Albert Nahmad: Rockets will sign James Ennis to a 2-year minimum-salary deal, per @Jonathan Feigen, which will pay out $1.6M in 2018-19 with a player option for $1.8M in 2019-20. (If Ennis were to decline the option, Rockets would be able to offer up to $1.9M with Non-Bird rights next summer.)
The Rockets began restocking their small forward position on Wednesday, reaching an agreement with James Ennis on a two-year minimum contract, according to two individuals with knowledge of the agreement. Ennis will have a player option for the second season.
Scott Kushner: Sources tell me SF James Ennis met with the Houston Rockets today. The Pelicans are still actively targeting him as well.
Darren Wolfson: Among many FAs the #Twolves have registered some level of interest: Tolliver, Nick Young, Lance Stephenson, Dante Cunningham, Amir Johnson, Trevor Booker, Jabari Bird, Ennis.
Scott Kushner: I'm told the market has picked up on Pelicans' SF target James Ennis. Could be difficult for NO to get back in on him.
Ian Begley: The Pistons have James Ennis’ early bird rights and have made re-signing him a priority. Several other teams, including the Sixers, Rockets and Nets, have expressed interest in signing the 28-year-old wing, league sources say.
Ian Begley: From earlier: On James Ennis, Ed Stefanski told reporters the FA is ‘in play’ for DET. Team source adds that DET has 'significant interest' in re-signing Ennis. Among a thin group of 2nd-tier wings in this FA class, Ennis will draw outside interest. DET has his Early Bird Rights
Ian Begley: On James Ennis, Ed Stefanski told reporters the FA wing is ‘in play’ for the Pistons. A team source adds that DET has 'significant interest' in re-signing Ennis. Among a thin group of 2nd-tier wings in this FA class, Ennis will draw outside interest. DET has his Early Bird Rights
Stefanski said the team's own free agents, power forward Anthony Tolliver and small forward James Ennis, are on their list. "We like both players," Stefanski said. "I was with James in Memphis. Anthony Tolliver -- the people in Detroit, teammates and everybody -- loves the guy, so they're still in play. It's all going to depend what kind of money is out there and the demand for both those players. More I'd say the ball's in their court than ours."
Memphis Grizzlies General Manager Chris Wallace today announced that the Grizzlies signed forward James Ennis to a multi-year contract. Per team policy, terms of the deal are not disclosed.
Shams Charania: Vertical Sources: Memphis has agreed to a two-year, guaranteed $6M deal with free agent James Ennis. He averaged 15.9PPG to finish '15-16.
Bobby Marks: James Ennis is not playoff eligible but a player non-playoff teams should take a look at. Very little risk with a cap friendly contract.
Bobby Marks: Good name on a claim would be James Ennis. Only owed $200k for rest of the season plus a n/g for next year. Must have room or TE to claim.
Ira Winderman: James Ennis has been waived by Grizzlies. By rule, Heat cannot make claim since he was dealt by Heat this season.
Storyline: James Ennis Free Agency
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January 18, 2021 | 4:31 pm EST Update

Knicks, Warriors and Lakers each projected to be worth more than $5 billion

The average NBA franchise is worth nearly $2.4 billion, according to data compiled by Sportico. That is down 2% as a direct result of the pandemic, based on our modeling. Collectively, the fair-market value of the NBA’s 30 teams, including ownership’s stakes in real estate, regional sports networks and additional team-related holdings, is more than $71 billion. Three franchises—the New York Knicks, Golden State Warriors and Los Angeles Lakers—are each worth more than $5 billion. (For context, each of those teams has a greater fair-market value than any National Football League team except for the Dallas Cowboys, based on Sportico‘s assessment of football team valuations last August.)
To be sure, the cumulative revenue for the NBA’s 30 teams, $8.3 billion, was down from the previous, non-COVID-impacted season by nearly 10%. However, a closer look reveals that national revenues (accrued predominantly from the league’s broadcast and sponsorship deals, as well as its licensing program) dipped only 2%. That, in large measure, is because of the NBA’s audacious plan to salvage the season with a playoff bubble at Orlando’s Walt Disney World. In a disrupted COVID environment, such single- and low double-digit declines represent remarkable stability.
January 18, 2021 | 4:23 pm EST Update