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Published Time: 05.07.2024 - 21:06:44 Modified Time: 05.07.2024 - 21:06:44

He has teamed with forward Paolo Banchero to give the Magic one of the league’s top young frontcourts. Franz Wagner


ORLANDO, Fla. — Forward Franz Wagner has agreed to the largest contract in Orlando Magic history, a five-year extension that will be worth at least $224 million, a person with knowledge of the negotiations told The on Friday.

The deal includes designated rookie language, which means the contract value could reach 30% of the team's salary cap, or $270 million, or if he becomes eligible. Players need to be selected to an All-NBA first, second or third team twice, be selected an All-Star starter twice or be named MVP or Defensive Player of the Year for the extra 5% value of the contract to kick in.

Wagner, 6 feet 10 and 220 pounds, hasn't missed many games since entering the league either. He has played in 238 of the 253 games possible, including the playoffs, since the Magic selected him No. 8 overall in the 2021 NBA Draft. He missed 10 games in 2023-24, mostly because of a sprained ankle.

The 22-year-old helped Germany win the FIBA World Cup last summer and is slated to play at the Paris Olympics starting later this month.

He has teamed with forward Paolo Banchero to give the Magic one of the league’s top young frontcourts.

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