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Magic on verge of re-signing Jason Richardson

"The Orlando Magic are close to fulfilling one of their biggest free-agency needs: bringing back shooting guard Jason Richardson.

Magic General Manager Otis Smith said Saturday night that he was close to finalizing a contract with Richardson.

"Jason and I close to terms," Smith said. "I would pretty much expect him in camp, if not tomorrow [Sunday], by Monday."

Smith has said all along that his top priority in free agency was re-signing Richardson, who came to the team in last December's blockbuster deal with the Phoenix Suns and then started 55 regular-season games.

Yahoo! Sports reported that Richardson has agreed to a four-year, $25 million deal."


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