Here is the official word from the Magic:
MAGIC SIGN FREE AGENT ISH SMITH
Orlando, FL — The Orlando Magic have signed free agent guard Ish Smith from the NBA D-League’s Los Angeles D-Fenders, President of Basketball Operations/General Manager Otis Smith announced today. Per team policy, terms of the deal are not disclosed.
Smith (#10, 6’0”, 175, 7/5/88) was not selected in the 2010 NBA Draft. This season, he played in six games (one start) with Golden State, averaging 4.5 ppg., 1.5 rpg. and 1.5 apg. in 10.5 minpg. Last season (2010-11), Smith played in 43 combined games (three starts) with Houston and Memphis during his rookie campaign, averaging 2.3 ppg., 1.8 apg. and 1.1 rpg. in 10.3 minpg. He also played in eight games (five starts) with the Rio Grande Valley Vipers of the NBA Development League, averaging 12.5 ppg., 7.9 apg., 4.3 rpg., 1.50 stlpg. And 1.25 blkpg. in 32.9 minpg.
Smith appeared in 121 career games (91 starts) during his four-year collegiate career at Wake Forest, averaging 9.2 ppg., 5.1 apg., 3.7 rpg. and 1.26 stlpg. He became the first player in Wake Forest history to post more than 1,000 points (1,114) and 600 assists (612) during his career. Smith finished his career ranked second all-time on the Demon Deacons’ list in assists.
As a senior (2009-10), he started all 31 games, averaging 13.2 ppg., 6.0 apg. (seventh in the nation), 4.9 rpg. and 1.68 stlpg., earning Second Team All-ACC honors. As a freshman (2006-07), became the first freshman in ACC history to lead the conference in assists (6.0 apg.) and the first Wake Forest player to do so since Muggsy Bogues in 1987.
Scott Schroeder of Ridiculous Upside has more on Smith here.
(Andrew Melnick is Howard the Dunk’s lead blogger, ESPN Florida’s Magic and NBA Insider (http://ESPNFlorida.com) and is the co-host of the ESPNFlorida.com Insiders Show Sunday mornings at 10:00 am EST. Subscribe to his RSS feed, add him on Facebook and follow him onTwitter to follow him daily. You can download the HTD app here)