Magic extend contracts of coach Jacque Vaughn, GM Rob Hennigan

With the team in rebuilding mode, Jacque Vaughn (right) has 43 victories in his first two seasons as the Orlando Magic head coach.

Kelley L Cox/Kelley L Cox-USA TODAY Sports

The Orlando Magic announced Friday they have exercised their fourth-year team option and extended the contracts of coach Jacque Vaughn and general manager Rob Hennigan through the 2015-16 season.

Vaughn became the 10th head coach in Magic history in July 2012 and has 43 victories in his two seasons with the team. Prior to joining the Magic, Vaughn spent two seasons (2010-12) as an assistant coach with the San Antonio Spurs. He played 12 years in the NBA from 1997-2009, including 80 games with Orlando in 2002-03. Vaughn was a member of the San Antonio Spurs 2006-07 NBA championship team.

Hennigan was named general manager of the Magic in June 2012 and has overseen drafting Victor Oladipo, Kyle O’Quinn and Andrew Nicholson, as well as trading Dwight Howard, which brought Nikola Vucevic, Arron Afflalo and Maurice Harkless to the Magic. Hennigan spent the previous four seasons with the Oklahoma City Thunder, including his last two seasons as their assistant general manager.

"Rob (Hennigan) and Jacque (Vaughn) have worked extremely hard in establishing a culture which embodies teamwork, hard work, hunger for success and humility," Magic chief executive officer Alex Martins said in a statement. "With their strategic direction and leadership, we feel we are headed in the right direction, which will allow us to achieve our goals of contending in a long-term, sustainable fashion."

Since Vaughn and Hennigan were hired, the only player who has remained with the Magic is guard Jameer Nelson.