BREAKING: Magic Sign Franz Wagner to $224 Million Rookie Max Extension

The Orlando Magic have signed Franz Wagner to a five-year $224 million rookie max contract, the organization's first in 17 years.

Apr 30, 2024; Cleveland, Ohio, USA; Orlando Magic forward Franz Wagner (22) reacts after a basket during the second half against the Cleveland Cavaliers in game five of the first round for the 2024 NBA playoffs at Rocket Mortgage FieldHouse. Mandatory Credit: Ken Blaze-USA TODAY Sports / Ken Blaze-USA TODAY Sports

ORLANDO – The Orlando Magic front office has officially made its most significant offseason move by signing Franz Wagner to a five-year, $224-million max contract, according to NBA Insider Adrian Wojnarowski.

Wagner is the first player Orlando has signed to a rookie max deal in 17 years, and his price tag is much heftier than Dwight Howard’s five-year, $85 million contract.

Wagner's deal could be worth as much as $269 million, ESPN reported. Wagner is eligible to earn 30 percent of the team's salary cap should he get voted to an All-NBA team, sources said.

Alongside Paolo Banchero, Wagner is a core piece of the Magic’s future. The two look like the best young duo since the Boston Celtics drafted Jaylen Brown and Jayson Tatum. 

Since being drafted No. 8 in 2021, Wagner has been a consistent producer, averaging 17.8 points in his first three seasons.

The 22-year-old now is cemented as a part of the Magic’s future. Earlier this week, his older brother Moe signed a two-year, $22 million contract.

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