Paolo Banchero has agreed to the richest contract in Orlando Magic history. According to a person with knowledge of the agreement, his five-year extension is worth $239 million and could reach about $287 million should he become eligible for a supermax deal. The person spoke to The Associated Press on condition of anonymity because the terms were not revealed by Banchero or the Magic. Banchero was the rookie of the year in 2022-23 and an All-Star the following season. He has led the Magic to two straight playoff appearances.
