Follow usOrlando Magic best player, Paolo Banchero, agreed to a 5-year, $239 million dollar maximum rookie deal that could reach almost $300 million.
Orlando’s star new contract features triggers to elevate the base salary to the supermax should the player make either an All-NBA team or earn MVP or Defensive Player of the Year honors in the upcoming campaign.
The contract also features a player option for Banchero in 2030-31 – the 1st time a rookie max extension has had a player option since 2021, when Luka Doncic and Trae Young completed their rookie max deals.
“We are thrilled to keep Paolo (Banchero) in a Magic uniform for years to come. At just 22, he has won NBA Rookie of the Year, been named an NBA All-Star and is widely regarded as one of our league’s brightest young stars.
This commitment reflects our belief in Paolo’s talent,… pic.twitter.com/gaWUFC5Vj1
— Orlando Magic (@OrlandoMagic) July 8, 2025
The Magic now have their core of Banchero, Franz Wagner, and Jalen Suggs under deal for the next 5 seasons, as they can also count on the new addition Desmond Bane through the 2028-29 campaign.
“This new contract shows that our organization believes in Banchero’s future and that he can perform at the highest level,” shared Orlando’s president of basketball operations, Jeff Weltman, after the announcement about Paolo’s new deal.
He added that the deal also shows that the player believes in the franchise and wants to win with them.
Celtics take Game 1 over Magic amid injury scare for Tatum 
Curry scores 56 as Warriors overcome a 17-point deficit to beat Magic 
Mac McClung wins his third NBA All-Star dunk contest in a row 
