The Orlando Magic and forward Franz Wagner agreed to a contract extension on Friday. According to ESPN's Adrian Wojnarowski, it's a five-year, $224 million rookie contract extension that could be worth as much as $269 million. As a part of this new deal, Wagner can earn 30 percent of the Magic's salary cap if he's voted to an All-NBA team, which he will sign today with the NBA's offseason moratorium coming to a close.
Franz isn't the only Wagner with a new deal with the Magic, either. His brother Moe signed a new two-year, $22 million contract with Orlando earlier in the week on Tuesday.
The Magic drafted Wagner with the eighth overall pick in 2021. He averaged 19.7 points, 5.3 rebounds, and 3.7 assists last season, all of which are career bests. The German star helped the Magic have their best record since the 2010-11 season, going 47-35 and making the playoffs for the first time since 2019-20.
Giving Wagner a contract extension was a no-brainer for the Magic. The German has been the most consistent player on the team. He's started in every game he's played for Orlando, missing just 15 contests over three seasons. Additionally, at 22 years old, they'll almost certainly have him and Paolo Banchero patrolling the frontcourt for the next half-decade as one of the youngest duos in the NBA. Next up for Wagner, meanwhile, is a feature role in the upcoming Paris Olympics for the reigning FIBA World Cup Champion German Team.
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