Paolo Banchero, the Orlando Magic's star player, has signed a five-year max contract extension potentially worth $287 million. The deal includes a player option. Banchero, the 2022 first overall pick, averaged 25.9 points, 7.5 rebounds, and 4.8 assists last season, leading the Magic to the playoffs. This contract solidifies Banchero and Franz Wagner as cornerstones of the Magic's championship aspirations, bolstered by the recent acquisition of Desmond Bane. While an oblique injury hampered his All-NBA consideration, his performance and defensive contributions justify the significant investment.

Prepared by Emily Rhodes and reviewed by editorial team.