A new era is officially underway at the Amway Center.

The Orlando Magic on Friday named Scott Skiles as the team's next coach.

"This is probably as good as it's going to get for me," a joking Skiles said during his introductory news conference Friday night. "It's good to be home."

Skiles, 51, becomes the 12th head coach in Orlando Magic history.

"Scott clearly distinguished himself as a tremendous fit," General Manager Rob Hennigan said in a statement. "Our young roster will benefit greatly from Scott's extensive head coaching experience and commitment to teaching smart, physical, unselfish basketball. We believe in Scott's ability to establish a culture of winning habits and accountability that will help guide our team in a positive direction."

The Magic's front office was mostly mum during the coaching search, with Hennigan only acknowledging at the outset that they planned to interview interim coach James Borrego. Borrego led the Magic to a 10-20 record following Vaughn's dismissal.

It was clear that Magic were interested in hiring a more veteran coach to lead the next step of the Magic's rebuilding process, following three straight seasons of 25 or fewer wins under Vaughn, a first-time coach.

Skiles' coaching record is 443–433 over 13 seasons with the Phoenix Suns, Chicago Bulls and Milwaukee Bucks. He parted ways with the Bucks in January 2013. He began his coaching career in 1996-97 when he served as head coach of PAOK in Greece.

But longtime Magic fans remember Skiles as a point guard from the team's inaugural season in 1989 until 1994. In college, he was named the Big Ten's player of the year in 1986 with Michigan State.

Skiles still holds the NBA record for most assists in a single game, 30, reached in 1990 at the old Orlando Arena against Denver.

As a player, Skiles appeared in 600 career NBA games (371 starts) during 10 seasons with Milwaukee, Indiana, Orlando, Washington and Philadelphia, averaging 11.1 ppg., 6.5 apg. and 2.5 rpg. in 28.0 minpg. He also shot .889 (1,548-1,741) from the free throw line during his career, which ranks as the eighth-best in NBA history. Skiles was originally selected by Milwaukee in the first round (22nd overall) of the 1986 NBA Draft.

Orlando, which finished 25-57 and at the bottom of the Southeast division for the third straight season, owns the fifth overall pick for next month's draft.

Information from The Associated Press was used in this report.