Orlando Magic star Paolo Banchero signed a five-year, $239 million maximum rookie contract extension, potentially reaching $287 million with incentives. The deal includes a player option in 2030-31, a first for a rookie max extension since 2021. This secures Banchero, Franz Wagner, and Jalen Suggs for the next five years, bolstering the Magic's core. Banchero's impressive performance last season, despite an injury, solidified his value, averaging 25.9 points, 7.5 rebounds, and 4.8 assists.

Prepared by Emily Rhodes and reviewed by editorial team.