The Orlando Magic have made significant strides this offseason, highlighted by their blockbuster acquisition of Desmond Bane from the Memphis Grizzlies. This move was swiftly followed by the selection of Michigan State guard Jase Richardson in the 2025 NBA Draft, further enhancing their shooting capabilities. Additionally, veteran point guard Tyus Jones was secured from the Phoenix Suns, solidifying their backcourt.

In retaining core players, the Magic re-signed center Mo Wagner and locked in Paolo Banchero with a maximum rookie contract extension potentially worth $287 million over five years. This deal marks a major commitment to Banchero, ensuring he remains a cornerstone of the franchise through the 2030-31 season, with a player option for the final year. With Banchero, Wagner, and Jalen Suggs all under long-term contracts, the Magic are positioned to make a serious push in the Eastern Conference.