US EditionMagic and Paolo Banchero Agree on a 5-Year Extension. Total Value Could Reach $287 Million
- On Monday, the Orlando Magic and NBA forward Paolo Banchero agreed to a five-year, $239 million rookie extension potentially rising to $287 million with performance triggers.
- Following a career year with 25.9 points and 7.5 rebounds despite missing 34 games with an oblique injury, Banchero's performance justified the franchise's long-term commitment.
- The Magic's five-year, $239 million extension includes a player option for 2030-31 and a 30% salary increase if Banchero earns MVP, All-NBA, or DPOY honors, confirmed by agent Mike Miller.
- The Magic's five-year, $239 million extension for Banchero, with performance triggers, solidifies their core and positions them as Eastern Conference contenders.
- The Magic's recent back-to-back 40-win seasons and President Jeff Weltman's strategy aim to establish the team as a conference contender.
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Paolo Banchero signs five-year max extension with Magic that could reach $287 million
Paolo Banchero has agreed to sign a five-year maximum rookie contract extension with the Magic that could be worth as much as $287 million, ESPN’s Shams Charania reported Monday.
·New York, United States
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"He’s not winning a ring in Orlando so he took the money" - NBA fans erupt to Paolo Banchero’s blockbuster $287 million Magic extension
The Orlando Magic have secured All-Star forward Paolo Banchero to a five-year maximum rookie extension worth up to $287 million on Monday, according to ESPN's Shams Charania.
Paolo Banchero, Magic Agree to 5-Year Max Rookie Contract Extension Worth Up to $287M
The Orlando Magic made Paolo Banchero their franchise cornerstone when they selected him with the No. 1 overall pick of the 2022 NBA draft, and they further committed to him on Monday with a new contract.
·United States
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