Watson spent the last two seasons with the Indiana Pacers. He averaged 10.0 points, 3.6 assists and 2.9 rebounds in 2014–15, starting 21 games.
NBA free agent deals can't officially be signed until July 9.
Orlando finished 25–57 last season, its third straight year with a winning percentage below .500.
Analysis: Watson is a prescription for Orlando’s most obvious need (perimeter shooting) and should work well in conjunction with its young, developing core. That the eight-year veteran has ample experience on and off the ball will serve him well with the Magic. Manning the backcourt with any combination of Victor Oladipo, Elfrid Payton, or Mario Hezonja will come with its own unique responsibilities, most of which Watson’s flexible game should be able to accommodate. This is a substantial upgrade over Luke Ridnour, to say the least, and a prudent addition for a team that already has plenty of talent to work with. Let the prospects grow and blend in veterans like Watson to help them along. — Rob Mahoney
- Molly Geary