** Paolo Banchero Signs Historic $287 Million Deal with Magic

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In a significant move for the Orlando Magic, star forward Paolo Banchero has agreed to a five-year maximum extension estimated at $287 million, securing his future with the franchise until at least the 2030-31 season. This landmark deal illustrates the Magic’s commitment to their 2022 No. 1 overall draft pick, who has quickly emerged as a cornerstone of their roster.

Banchero, who received the NBA Rookie of the Year award for the 2022-23 season, followed that up with an All-Star selection in 2023-24. Despite facing challenges due to an oblique injury that sidelined him for a substantial portion of the 2024-25 season, he managed to achieve a career-high scoring average of 25.9 points per game. His resilience and talent have made him a fan favorite in Orlando, and his recent achievements underscore his potential as a long-term leader for the team.

Notably, Banchero made headlines in October by becoming the youngest player in Magic history to score 50 points in a single game. This achievement places him in exclusive company, as he is among only ten players in NBA history to accomplish such a feat before turning 22. His impressive scoring ability is further highlighted by his six 40-point games, ranking him third in franchise history, trailing only the legendary Tracy McGrady and Shaquille O’Neal, as noted by CBS Sports.

The terms of Banchero’s extension also include a player option for the 2030-31 season, a provision rarely seen in rookie extensions. He is the first player to negotiate such terms since Luka Dončić and Trae Young did so in 2021. This option provides Banchero with the flexibility to enter free agency once again at the age of 27, potentially setting him up for another lucrative contract.

The implications of this extension are significant for the Magic, who are looking to build a competitive team around their young star. Banchero’s growth and development are crucial as the Magic aim to return to playoff contention in the coming years. With his scoring prowess and evolving skill set, he is expected to play a pivotal role in the franchise’s future success.

This extension not only solidifies Banchero’s status within the organization but also sends a clear message to the league: the Orlando Magic are serious about their ambitions. As reported by CBS Sports, fans can look forward to watching Banchero evolve into one of the league’s premier players while donning the Magic colors for the foreseeable future.

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