The Orlando Magic made news Thursday morning by officially announcing that they have agreed to a contract extension with general manager Rob Hennigan. The extension keeps Hennigan in Orlando through the 2017-18 season as the Magic's head man. Per team policy, no terms of the deal were announced.

The extension comes as no surprise, as it was reported near the end of March that the team was trying to come to terms to extend the 33-year-old general manager.

Coming to terms with Hennigan now makes the most sense for the Magic. With a head coaching search, and an ever so important offseason ahead of them, they couldn't allow their general manager to be in a "lame duck" situation, with his previous contract set to run out at the conclusion of next season.

While the results on the floor may not be what Hennigan and co. have wanted --most notably this past season when they expected to take a step forward but didn't-- giving Hennigan time to let his plan run it's course is a must.

Magic CEO Alex Martins had this to say regarding Hennigan."Under the leadership of Rob, we feel that we are positioning ourselves to be able to contend in a long-term, sustainable fashion. We are proud of the work that Rob and our basketball operations department has done to this point and we look forward to taking the next steps in the process."