Orlando Magic forward Paolo Banchero has signed a five-year rookie contract extension worth $239 million, which may rise to $287 million based on performance that includes being named to All-NBA or earning MVP honors. The contract features a player option for the 2030-31 season. Banchero had a remarkable season, averaging 25.9 points and 7.5 rebounds per game, and he is among the eight youngest players to achieve similar stats. He had a strong postseason showing with multiple high-scoring games.
Banchero's five-year, $239 million rookie contract extension may increase to $287 million with performance triggers, including All-NBA and MVP honors next season.
Banchero's player option for the 2030-31 season marks the first such option in a rookie max extension since 2021.
Banchero’s performance includes 25.9 points and 7.5 rebounds per game this past season, and he is just the eighth player in NBA history to reach 25, 7, and 4 at age 22 or younger.
After the All-Star break, Banchero averaged 29.0 points per game and had a playoffs streak of seven consecutive games with 25 points or more, tying Magic history.
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