Orlando Magic forward Franz Wagner (22) will be in Orlando for many years to come after he and the team reached agreement on a 5-year rookie contract extension. (AP Photo/John Raoux)

Franz Wagner, Magic agree to 5-year extension, AP reports

ORLANDO, Fla. — Ahead Franz Wagner has agreed to the biggest contract in Orlando Magic historical past, a five-year extension that shall be price at the least $224 million, an individual with information of the negotiations instructed The Related Press on Friday.

What You Want To Know

  • The Magic and ahead Franz Wagner have reached settlement on a five-year, $224 million contract extension, an AP supply says

  • The deal could be the biggest ever between the franchise and considered one of its gamers

  • Wagner may earn as much as 30% of the crew’s wage cap if he meets particular eligibility necessities

  • NBA can start asserting offseason strikes Saturday, when the league moratorium ends

The deal consists of designated rookie language, which implies the contract worth may attain 30% of the crew’s wage cap, or about $270 million, or if he turns into eligible. Gamers have to be chosen to an All-NBA first, second or third crew twice, be chosen an All-Star starter twice or be named MVP or Defensive Participant of the 12 months for the additional 5% worth of the contract to kick in.

The NBA’s offseason moratorium on such strikes will get lifted Saturday.

In the course of the 2023-24 common season, Wagner averaged 19.7 factors, 5.3 rebounds and three.7 assists, all profession highs. He shot 85% (271-for-319) from the free-throw line, however his 3-point common dropped to a career-low 28.1% (94-for-334). Within the earlier two seasons, Wagner had averaged 35.8% (226-for-631) from behind the arc. Throughout his three-year profession, Wagner has averaged 17.8 factors, 4.6 rebounds and three.4 assists per sport and boosted his scoring common from 15.2 factors as a rookie earlier than climbing to 18.6 and 19.7 factors over the previous two seasons, respectively. He is also a robust defensive participant.

Wagner, 6 ft 10 and 220 kilos, hasn’t missed many video games since getting into the league both. He has performed in 238 of the 253 video games potential, together with the playoffs, for the reason that Magic chosen him No. 8 total within the 2021 NBA Draft. He missed 10 video games in 2023-24, principally due to a sprained ankle.

The 22-year-old helped Germany win the FIBA World Cup final summer season and is slated to play on the Paris Olympics beginning later this month.

He has teamed with ahead Paolo Banchero to present the Magic one of many league’s high younger frontcourts.

Wagner, who performed at Michigan, has been a part of the Orlando crew that has improved its win whole by double-digits in every of the previous two seasons. The Magic gained the Southeast Division title final season and earned their first playoff berth for the reason that 2019-20 season. Orlando pushed the Cleveland Cavaliers to a seven-game collection earlier than dropping within the first spherical.

Wagner’s extension begins with the 2025-26 season and would preserve him below contract via the 2029-30 season.

Wagner’s brother Moe, who performs middle and energy ahead, additionally performs for the Magic and, based on a number of stories, has reached a brand new two-year contract with the crew.

NBA gamers grow to be eligible to signal rookie contract extensions after their third full season within the league.

Magic guard Jalen Suggs, who was chosen No. 5 total by Orlando in the identical draft as Franz Wagner, is also eligible for a rookie contract extension, however the deal would not must be prolonged earlier than the upcoming season.