Orlando Magic star Paolo Banchero agreed to a five-year, $239 million most rookie contract extension that might attain $287 million, Mike Miller of LIFT Sports activities Administration informed ESPN on Monday.
Miller stated Banchero’s new deal contains triggers to raise the bottom wage to the supermax ought to the Magic franchise cornerstone make both All-NBA group, both All-Defensive group or earn MVP or Defensive Participant of the 12 months honors subsequent season.
The deal additionally has a participant choice for Banchero in 2030-31 — the primary time a rookie max extension has had a participant choice since 2021, when Luka Doncic (Dallas Mavericks) and Trae Young (Atlanta Hawks) accomplished their rookie max contracts.
The Magic now have their core of Banchero, Franz Wagner and Jalen Suggs below contract for the subsequent 5 years in addition to newly acquired Desmond Bane below contract via the 2028-29 season.
Magic president Jeff Weltman stated after final season that the franchise would take an aggressive method, and after the acquisition of Bane and signing of veteran guard Tyus Jones, the group is well-positioned to be a contender within the Japanese Convention.
Orlando’s number of Banchero with the No. 1 decide within the 2022 draft triggered a turnaround for the franchise that has led to 2 postseason appearances prior to now two seasons.
Regardless of an indirect harm that sidelined him for 34 video games over the primary two months, Banchero went on to have a profession 12 months this previous season, setting new highs with 25.9 factors and seven.5 rebounds per sport whereas additionally averaging 4.8 assists.
He is simply the eighth participant in NBA historical past to common 25, 7 and 4 at age 22 or youthful. And he joined Tracy McGrady and Shaquille O’Neal as the one Magic gamers to common greater than 25 factors per sport in a season.
Banchero took his sport to a different degree after the All-Star break, averaging 29.0 factors, 7.8 rebounds and 4.5 assists. Within the playoffs, he put collectively seven straight video games with 25 factors or extra spanning the 2024 and 2025 seasons, tying the longest streak in Magic historical past.
His 4,432 profession factors via three seasons is third in Magic historical past, behind solely O’Neal and Penny Hardaway.
The 2022-23 NBA Rookie of the 12 months, who earned his first All-Star choice in 2024, has averaged 22.4 factors, 7.1 rebounds and 4.6 assists in his three NBA seasons.
ESPN’s Bobby Marks contributed to this report.