ORLANDO, FLORIDA - OCTOBER 28: Paolo Banchero #5 of the Orlando Magic reacts after scoring against the Indiana Pacers during the fourth quarter at Kia Center on October 28, 2024 in Orlando, Florida. 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. (Photo by Rich Storry/Getty Images) (Rich Storry, 2024 Getty Images)
ORLANDO, Fla. – Magic star Paolo Banchero will be staying in Orlando for the foreseeable future after signing a five-year extension with the team Monday evening.
It’s a maximum rookie contract extension that could be worth up to $287 million. ESPN first reported the deal before a league source confirmed it to News 6.
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Banchero, the NBA’s Rookie of the Year following the 2022-23 season and an All-Star following the 2023-24 campaign, is one of the young centerpieces on a Magic team that has reached long-term deals with other young stars Franz Wagner and Jalen Suggs.
The 22-year-old Banchero has averaged more than 22 points and 7 rebounds per game through his first three seasons in the league.
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Ryan Welch joined the News 6 Team as a sports anchor and reporter in July 2017. After nearly 15 years in the industry, Ryan gladly brings his passion for sports to Central Florida.
