Jacque Vaughn has found a new NBA home.

The 6-foot-1 free agent point guard out of Kansas University, who played for Atlanta last season, signed a one-year deal worth $700,000 with Orlando on Wednesday.

He made $590,850 a year ago.

“It’s a great day for me. It’s a great time in my life,” said Vaughn, who will be married Saturday. “What more could a person ask? You get to play for a coach who not only had a successful career, but played the point guard position.”

That would be Magic coach Doc Rivers.

“In addition,” Vaughn said, “you get to play with a group of guys that every time they step on the court their objective is to win and play together.

“For me, this is a perfect situation.”

Vaughn, who played for Utah for four seasons after graduating from KU in 1997, averaged career-best marks in points per game (6.6), assists (4.3) and shooting percentage (47 percent) last season.

He tied for 14th in the league in assist-to-turnover ratio (349 to 112), pacing the Hawks in assists 27 times.

“I think I bring a lot of things to the table a whole lot of intensity, intangibles also that show up in the locker room and out on the court and I have a knack of getting to know each guy on an individual basis, knowing what they like to do on and off the court,” Vaughn said. “As a point guard, that’s my job and I bring that asset to the table.”

The 27-year-old Vaughn, who started 16 of 82 games last season, will have an opportunity to start in Orlando. It’s believed the Magic would like to move 34-year-old Darrell Armstrong to a sixth man role in an attempt to prolong his career.

“One reason we moved so quickly is that Doc knows exactly what he wants in a guard,” Magic general manager John Gabriel said, referring to corralling Vaughn on the first day free agents could join new teams. “It was easily identifiable that Jacque was on his list.

“This was clearly a priority from a filling-the-roster standpoint. Jacque brings his experience, youthfulness, as well as leadership, to our team. He has the leadership you need at the point. Except for a slow start (0-for-22 shooting to start the year), he ending up being a good shooter,” Gabriel added.

Vaughn finished fifth among NBA point guards in shooting percentage, while nailing 44 percent of his three-pointers.

“What impresses me about Jacque is his speed and ability to run a team,” Rivers said. “He is young, but has gained some valuable experience in his five years in the league. His ability, experience and this opportunity should lead to an outstanding season.”

Vaughn has appeared in 200 consecutive games, dating to the 1999-2000 season. His streak is the eighth-longest active streak in the NBA.

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Raef to stay in Dallas: Former Jayhawk forward Raef LaFrentz has agreed to a 7-year, $60-million contract with Dallas, Mavs’ owner Mark Cuban told the Dallas Morning News.

Acquired Feb. 21 in a trade with Denver, LaFrentz averaged 10.8 points, 7.4 rebounds and 2.2 blocked shots per game in 27 games with the Mavericks last season.

Earlier, the 6-11 LaFrentz had been seeking a $90-million deal with the Nuggets.

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Collison could be added: There is a chance KU senior forward Nick Collison could be added to the 12-man roster for the U.S. national team, which will play at the FIBA World Championships this August in Indianapolis.

Currently Collison and Chicago Bulls rookie Jay Williams are alternates who will practice with the team and play in two exhibition games.

However Jason Kidd of the Nets reportedly is considering withdrawing from the squad because of fatigue and Ray Allen is questionable because of a left knee injury.

Training camp opens Aug. 16.

The Chicago Sun Times says Jalen Rose and Baron Davis also could be considered for any roster openings.

“If he (Allen) withdrew prior to training camp, I think the committee would probably try to replace him with a current NBA player,” USA Basketball’s Craig Miller told the Sun Times. “That’s what they indicated. Maybe a player like Baron Davis. If it happens during training camp, the committee would consider whether to add Jay or Nick Collison.”

Collison, by the way, will be able to stay with the team after the first two exhibition games, “as long as he’d like through the tournament,” Miller added.