The Orlando Magic and star Paolo Banchero have agreed to terms on a five-year, $239 million maximum rookie contract extension worth up to $287 million, ESPN's Shams Charania reported on Monday.
Banchero's new deal includes a player option for 2030–31, making it the first time a rookie maximum contract extension has included the option since 2021 when Luka Doncic and Trae Young both had it included in their deals.
