Just in, Franz Wagner agrees to a 5-year $224M deal rookie extension. He's so close to the salary of other stars.
Sources: Magic, Franz Wagner agree on $224M rookie extension
He deserves this kind of huge salary as he is the second man on the team after Banchero. As for Banchero, he will only become a free agent in 2027. He might get a bigger contract then, probably again the biggest in history. I see this as similar to the Celtics' situation where Brown signed a huge contract, and after that, when Tatum's contract expired, he also signed a whopping $313,933,410 for five years. I hope Banchero will be able to keep himself healthy, as that's all he needs to secure a max extension with the Magic.
Yeah that's just the state of the NBA, if you want to retain your players you need to pay them. I know it sounds crazy but it's all relative. Every major sports goes through the exact same thing. People tend to reference old contracts and say the new ones aren't worth it but the reality is everything gets more expensive so older contracts are irrelevant. Good for Wagner he is going to be a good piece for that team for a long time ahead.