Paolo Banchero's recent five-year rookie max extension with the Orlando Magic, worth up to $287 million, places him among the highest-paid young players in NBA history. Starting at 25% of the salary cap, it could rise to 30% if he earns an All-NBA team selection or wins MVP or DPOY next season.

Despite missing time last season due to injury, Banchero averaged impressive stats, bolstered by a playoff performance that saw him averaging 29 points, 8 rebounds, and 4 assists against the Celtics. This deal positions him as the franchise's cornerstone alongside fellow max contract player Franz Wagner. The Magic also fortified their lineup by trading for sharpshooter Desmond Bane, aiming to enhance their offensive capabilities while building on their solid defensive foundation.