The Orlando Magic keep adding veterans to their roster.

After recently trading for Serge Ibaka and Jodie Meeks, the Magic have reportedly agreed to a deal with D.J. Augustin. According to The Vertical's Adrian Wojnarowski, the Magic have offered Augustin a four-year deal. ESPN's Chris Broussard reports that Augustin and the Magic have agreed on a four-year, $29 million deal.

Not a splashy signing by the Magic but it is the type of low-risk move that could greatly benefit them. Augustin is a good three-point shooter (he shot 40.5 percent last year) and can give the Magic some scoring off their bench. Between stops in Oklahoma City and Denver, Augustin averaged 7.5 points and 3.2 assists in 19 minutes a game last season.

But perhaps more importantly, Augustin gives the Magic a reliable backup for Elfrid Payton. The Magic still have C.J. Watson but after he was injured for most of last season, Augustin provides some added insurance. Also, the Magic can pair Watson and Augustin together off the bench.

After trading for Serge Ibaka the Magic are slowly putting together a well-rounded team and with new coach Frank Vogel in charge, they could now be challenging for one of the lower playoff seeds in the East.

D.J. Augustin is headed to Orlando. (USATSI)