Paolo Banchero of the Orlando Magic has secured a five-year, $239 million maximum rookie contract extension, with the potential to rise to $287 million through performance-based triggers. To reach the supermax level, Banchero must either be named to an All-NBA team or capture MVP or Defensive Player of the Year honors in the upcoming season.

With this deal, the Magic solidify their core of Banchero, Franz Wagner, and Jalen Suggs for the next five years, complemented by the recent acquisition of Desmond Bane. Banchero's impressive stats from last season include averages of 25.9 points, 7.5 rebounds, and 4.8 assists, making him a pivotal player for the Magic moving forward. His performance post-All-Star break and in the playoffs demonstrates his growth and potential to elevate the team further.