NBA
Franz Wagner Signs Five-Year, $224M Extension With Magic

Orlando Magic forward Franz Wagner has agreed to terms on a rookie max contract extension, ESPN’s Adrian Wojnarowski reported on Friday. View Franz Wagner’s contract details below.
Franz Wagner Signs Extension With Magic
ESPN Sources: Orlando Magic forward Franz Wagner has agreed on a five-year, $224 million maximum rookie contract extension – a deal that could become worth as much as $269 million. pic.twitter.com/uWrTFV6hrm
— Adrian Wojnarowski (@wojespn) July 5, 2024
Wagner, 22, is set to sign a five-year, $224 million rookie contract extension.
The contract could increase to as much as $269 million. Wagner can earn 30% of the team’s salary cap if voted to an All-NBA team.
Drafted No. 8 by the Magic in 2021, Wagner has quickly become one of the Magic’s cornerstone players. At 6’10”, Wagner has become a versatile wing for Orlando, becoming one of their best offensive creators and defensive stoppers.
Wagner had his best season as a pro in 2023-2024, registering career highs in (19.7 ppg) , rebounds (5.3 rpg) and assists (3.7 apg).
Wagner was a key reason the Magic went 47-35, earning the No. 5 seed in the Eastern Conference Playoffs. The Magic lost to the Cleveland Cavaliers in the opening round of the playoffs.
Per ESPN Stats & Information, Wagner is the fourth player in Magic history with at least 4,000 points before his 23rd birthday. Wagner joined a list that includes Shaquille O’Neal, Dwight Howard, and Tracy McGrady.
Orlando Magic Offseason
Orlando Magic offseason pic.twitter.com/2wBEoUWBKU
— Bobby Marks (@BobbyMarks42) July 2, 2024
It’s been a busy week for the Orlando Magic.
The Magic re-signed center Jonathan Isaac to a five-year, $84 million contract, and Mo Wagner, Franz’s brother, to a two-year, $22 million deal.
Gary Harris also signed a two-year, $14 million deal to return to the Magic.
Orlando’s biggest acquisition was signing guard Kentavious Caldwell-Pope to a three-year, $66 million deal.
With Wagner and Paolo Banchero, the future is bright in Orlando.