Camille Naredo

Paolo Banchero #5 of the Orlando Magic talks to the media after the game against the Cleveland Cavaliers on March 16, 2025 at Rocket Arena in Cleveland, Ohio. David Liam Kyle, NBAE via Getty Images/AFP 

CLEVELAND, OH - MARCH 16: Paolo Banchero #5 of the Orlando Magic talks to the media after the game against the Cleveland Cavaliers on March 16, 2025 at Rocket Arena in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2025 NBAE   David Liam Kyle/NBAE via Getty Images/AFP (Photo by David Liam Kyle / NBAE / Getty Images / Getty Images via AFP)

Article (news)

Orlando Magic v Cleveland Cavaliers

Agence France-Presse

<div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1751957845895AFP__20250316__2204929864__v1__Preview__OrlandoMagicVClevelandCavaliers.jpg" style="width:960px" class="fr-fic fr-dib" alt="Paolo Banchero #5 of the Orlando Magic talks to the media after the game against the Cleveland Cavaliers on March 16, 2025 at Rocket Arena in Cleveland, Ohio. David Liam Kyle, NBAE via Getty Images/AFP "/>Paolo Banchero #5 of the Orlando Magic talks to the media after the game against the Cleveland Cavaliers on March 16, 2025 at Rocket Arena in Cleveland, Ohio. David Liam Kyle, NBAE via Getty Images/AFP </div>MIAMI -- Orlando Magic forward Paolo Banchero has agreed to a five-year maximum rookie contract extension worth $239 million with the NBA club, according to multiple reports on Monday.The 22-year-old American, taken with the first pick in the 2022 NBA Draft, could make up to $287 million in the deal, according to reports by ESPN, The Athletic and the Orlando Sentinel.Banchero suffered a torn oblique and missed two months of the 2024-25 NBA campaign but still produced career-high averages of 25.9 points and 7.5 rebounds as well as 4.6 assists.Banchero could boost his salary by being named NBA Most Valuable Player or Defensive Player of the Year next season, or being named to an All-NBA or All-Defensive lineup.Banchero would also have a player option for the 2030-31 season, according to the reports.The Magic will have their core of talent -- Banchero, Franz Wagner and Jalen Suggs -- under contract for the next five seasons.Orlando also has guard Desmond Bane, obtained in a trade with Memphis last month, signed through the 2028-29 campaign.Banchero, the 2023 NBA Rookie of the Year, has averaged 22.4 points, 7.1 rebounds and 4.6 assists a game over three seasons with the Magic.<div>© Agence France-Presse</div>

Orlando Magic forward Paolo Banchero has agreed to a five-year maximum rookie contract extension worth $239 million with the NBA club, according to multiple reports on Monday.

Orlando Magic forward Paolo Banchero has agreed to a five-year maximum rookie contract extension worth $239 million with the NBA club, according to multiple reports on Monday.

Paolo Banchero agrees to five-year Magic deal: reports

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Basketball

Paolo Banchero agrees to five-year Magic deal: reports

Agence France-Presse

Published July 08, 2025 03:01 PM PHT

Read More:

abssports

basketball

NBA

Orlando Magic

Paolo Banchero

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

Sign Up

I have read and agree to the Terms and Privacy Policy.

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.