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,

Orlando Magic forward Paolo Banchero has agreed to a five-year maximum rookie contract extension that “could reach $287 million,” according to ESPN’s Shams Charania. It is the first rookie max since 2021.

The contract extension will begin with the 2026-27 season and will run through the 2030-31 season, including a player option