Orlando Magic star Paolo Banchero was a first overall NBA Draft pick, and he has panned out so far. The Magic have a budding superstar, and they are locking him in for the forseeable future. Banchero and Orlando agreed to terms on a five-year rookie max contract extension on Monday, and the deal is worth $287 million. The contract also includes a player option, which is rare for a rookie max.
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“Breaking: Orlando Magic star Paolo Banchero has agreed to a five-year maximum rookie contract extension that could reach $287 million, Mike Miller of LIFT Sports Management tells ESPN,” Shams Charania said in a post. “Deal includes a player option; the first for a rookie max since 2021 (Luka Doncic, Trae Young).”
This story will be updated with more information.
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