Franz Wagner signs five-year, $224 million rookie max contract extension with Orlando Magic

ORLANDO, FLORIDA – MAY 03: Franz Wagner #22 of the Orlando Magic dribbles against the Cleveland Cavaliers during the first quarter of Game Six of the Eastern Conference First Round Playoffs at Kia Center on May 03, 2024 in Orlando, Florida. (Photo by Julio Aguilar/Getty Images)

Franz Wagner will remain in Orlando. On Friday, the German forward signed a massive five-year, $224 million contract extension that will keep him with the Orlando Magic for the foreseeable future, according to ESPN's Adrian Wojnarowski.

The deal, which is a maximum rookie extension, could be worth up to $269 million. According to Wojnarowski, Wagner is eligible to receive 30 percent of Orlando's salary cap if he is voted to the All-NBA Team.

In 2023–24, Wagner averaged 19.7 points per game, second only to teammate Paolo Banchero, and he also averaged 5.3 rebounds and 3.7 assists.

Wagner has been one of the most consistent players for the Magic in terms of games played: in three seasons in Orlando, he has missed only 15 games in total, and has played over 7,000 minutes. Last season, he played an average of 32 minutes per game.

Wagner was selected eighth by the Magic in the 2021 draft, and soon became a key starter for Orlando. He was named to the NBA All-Rookie First Team in 2022 after averaging 15.2 points and 31 minutes per game.

Wagner joins his brother Moritz Wagner on the Magic. The two are one of 13 sets of brothers in the NBA, but they are one of only three — along with Giannis and Thanasis Antetokounmpo and Brook and Robin Lopez, who all play for the Milwaukee Bucks — who play for the same team.

Last summer, both Wagners helped Germany win a gold medal at the 2023 FIBA ​​World Cup, with Franz earning All-Tournament Second Team honors for his efforts. Both are expected to play for Germany at the Olympics in Paris this summer.

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