By Eurohoops team/ info@eurohoops.net
Orlando Magic star Paolo Banchero has agreed to a five-year maximum rookie contract extension that could reach $287 million, as agent Mike Miller of LIFT Sports Management confirmed to ESPN’s Shams Charania.
According to the same report, “Miller said Banchero’s new deal includes triggers to elevate the base salary to the supermaximum should the Magic franchise cornerstone make either All-NBA team, either All-Defensive team, or earn MVP or Defensive Player of the Year honors next season.
The deal also has a player option for Banchero in 2030-31 — the first time a rookie max extension has had a player option since 2021, when Luka Doncic (Dallas Mavericks) and Trae Young (Atlanta Hawks) completed their rookie max contracts.
The Magic now have their core of Banchero, Franz Wagner, and Jalen Suggs under contract for the next five years as well as the newly acquired Desmond Bane under contract through the 2028-29 season”.