The Magic are shelling out a big-time sum to maintain their younger star in Orlando.
Paolo Banchero has agreed to signal a five-year most rookie contract extension with the Magic that may very well be price as a lot as $287 million, ESPN’s Shams Charania reported Monday.
The bottom wage is $239 million over the 5 years, or $47.8 per season, however Banchero may make extra if he makes an All-NBA workforce, wins MVP or captures the Defensive Participant of the 12 months award subsequent yr.
The deal additionally features a participant possibility in 2030-31, marking the primary time a rookie extension has featured a participant possibility since Luka Doncic and Trae Younger signed their rookie extensions in 2021.
The Magic have taken steps to solidify their core this offseason – most notably, buying and selling for Desmond Bane from the Grizzlies on June 15 in trade for Cole Anthony, Kentavious Caldwell-Pope and 4 first-round picks.
Orlando additionally signed free agent level guard Tyus Jones to bolster its depth.
The workforce has a top quality group of homegrown expertise to encompass Banchero, too, together with Franz Wagner and Jalen Suggs.
Banchero, Wagner, Suggs and Bane are actually all beneath contract with the Magic by the 2028-29 season.
Banchero, the No. 1 choose within the 2022 draft, has led the Magic to back-to-back playoff appearances.
The Seattle native missed 34 video games in 2024-25 with an indirect tear, however he nonetheless averaged 25.9 factors, 7.5 rebounds and 4.8 assists within the 46 video games he did play.
The yr prior, he was an All-Star and averaged 22.6 factors, 6.9 rebounds and 5.4 assists, and he additionally captured Rookie of the 12 months honors in 2022-23.
Now, Banchero will look to assist the Magic change into contenders in a weak Japanese Convention, with the Celtics’ Jayson Tatum and the Pacers’ Tyrese Haliburton each anticipated to overlook most, if not all, of subsequent season with respective Achilles accidents.
