Paolo Banchero contract: Magic star agrees to five-year max extension worth up to $287 million, per report
Orlando Magic striker and Star Paolo Banchero striker have entered into an agreement on a maximum recruit contract extension of five years which could be worth up to $ 287 million, reports Shams Charania d’Espn. The agreement locks bancher like the face of magic for half a decade and includes a player option for 2030-31. This is the first recruit extension to include such a clause since 2021 when Luka Dončić and Trae Young have placed the same language in their contracts.
Banchero will accuse basic profits of 239 million dollars during the life of the contract, according to Charania, and his salary can reach the Supermax level if he makes an All-NBA team or the All-Defensive team, or if he wins the MVP or the defensive player of the year next year.
Without the extension, Banchero would have reached the market the next offseason as a limited free agent. The magic has picked up team options each of the last two years and was initially planned to pay $ 15.3 million in Banchero next season. The extension puts it online for a massive salary increase to at least $ 47.8 million per year.
Banchero, the n ° 1 choice of the NBA 2022 draft, was fantastic in its third year as a pro and posted career summit in points (25.9) and rebounds (7.5) per match while making an average of 4.8 assists. An prolonged absence due to a torn oblique muscle prevented him from making a second team of consecutive stars, and cost him 34 games in the first months of the season. And because he played in less than 65 games, Banchero was not eligible for all-NBA consideration.
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Despite the injury, Banchero punctuated magic in the score, bounces and helps in his 22 -year -old season. It is the centerpiece of a return deductible upwards with consecutive seasons of 40 victories for the first time since 2009-11. It was an integral part of Orlando to reach the playoffs for the second time in as many years. Orlando was seeded n ° 7 in the east and lost in the first round against the Boston Celtics in five games.
The magic was occupied this offseason to lock their hearts and place contributors around the Banchero unit, Franz Wagner and Jalen Suggs. Like Banchero, the Magic have Wagner and Suggles under contract for the next five years. They also exchanged against Desmond Bane, re-signed Moe Wagner and added Tyus Jones to prepare for what could be another stage of the Eastern Conference scale. The addition of Bane, a 41% career shooter in the 3 -point range, should meet a great need for a team from Orlando who had one of the best defenses in the NBA but had trouble shooting from the outside.
Banchero, 22, was the price of the recruit of the year in 2023 after having an average of 20 points per game and he made his debut at the stars the following season with an even more productive campaign.
Banchero already has an effort of 50 points on his curriculum vitae when he completed this feat in the fourth game of last season. He brought his scoring to the higher level as a third year star, and on his six career games with at least 40 points, all except two came during the 41 Magic winner season.
