BREAKING: Magic Sign Franz Wagner to $224 Million Rookie Max Extension
![Apr 30, 2024; Cleveland, Ohio, USA; Orlando Magic forward Franz Wagner (22) reacts after a basket during the second half against the Cleveland Cavaliers in game five of the first round for the 2024 NBA playoffs at Rocket Mortgage FieldHouse. Mandatory Credit: Ken Blaze-USA TODAY Sports Apr 30, 2024; Cleveland, Ohio, USA; Orlando Magic forward Franz Wagner (22) reacts after a basket during the second half against the Cleveland Cavaliers in game five of the first round for the 2024 NBA playoffs at Rocket Mortgage FieldHouse. Mandatory Credit: Ken Blaze-USA TODAY Sports](https://cdn.statically.io/img/images2.minutemediacdn.com/image/upload/c_crop,w_3698,h_2080,x_1020,y_71/c_fill,w_720,ar_16:9,f_auto,q_auto,g_auto/images/ImagnImages/mmsport/the_magic_insider/01j225vdg5h0e0qwna9a.jpg)
ORLANDO – The Orlando Magic front office has officially made its most significant offseason move by signing Franz Wagner to a five-year, $224-million max contract, according to NBA Insider Adrian Wojnarowski.
Wagner is the first player Orlando has signed to a rookie max deal in 17 years, and his price tag is much heftier than Dwight Howard’s five-year, $85 million contract.
Wagner's deal could be worth as much as $269 million, ESPN reported. Wagner is eligible to earn 30 percent of the team's salary cap should he get voted to an All-NBA team, sources said.
Alongside Paolo Banchero, Wagner is a core piece of the Magic’s future. The two look like the best young duo since the Boston Celtics drafted Jaylen Brown and Jayson Tatum.
Since being drafted No. 8 in 2021, Wagner has been a consistent producer, averaging 17.8 points in his first three seasons.
The 22-year-old now is cemented as a part of the Magic’s future. Earlier this week, his older brother Moe signed a two-year, $22 million contract.
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