No. 1 pick, Paolo Banchero secured his future in Orlando by agreeing to a max rookie extension with the Magic. “It’s a place that I love spending time, my family loves spending time

Banchero has agreed to the richest contract in Magic history, a five-year extension that is worth $239 million and could reach about $287 million should he become eligible for a supermax deal, a person with knowledge of the agreement said Monday.

“Breaking: Orlando Magic star Paolo Banchero has agreed to a five-year maximum rookie contract extension that could reach $287 million, Mike Miller of LIFT Sports Management tells ESPN,” Shams Charania said in a post. “Deal includes a player option; the first for a rookie max since 2021 (Luka Doncic, Trae Young).”