The Orlando Magic said their recent decision to agree to a five-year, $239 million contract with All-Star forward Paolo Banchero reflected their "belief" in his talent and "desire to win at the highest level.

Banchero averaged 25.9 points and 7.5 rebounds per game last season. He turns 23 in November and was the No. 1 overall pick in the 2022 NBA Draft out of Duke. The Magic were eliminated by the Boston Celtics in the first round of the 2025 NBA Playoffs.

Orlando Magic forward Paolo Banchero has agreed to a five-year maximum rookie contract extension worth $239 million with the NBA club, according to multiple reports on Monday.The 22-year-old American,