Franz Wagner, forward for the Orlando Magic, has signed a historic five-year contract extension worth at least $224 million, potentially escalating to $270 million based on performance incentives. This deal marks the largest in the franchise's history and reflects Wagner's significant impact on the team, highlighted by career-high averages and a key role in leading the Magic back to the playoffs.
In a monumental move for the Orlando Magic, Franz Wagner has agreed to a five-year contract extension that sets a new financial record for the franchise. The deal, valued at a minimum of $224 million and possibly reaching up to $270 million, underscores Wagner's pivotal role in the team's recent successes and future aspirations. This agreement arrives just as the NBA's offseason transaction moratorium is lifted, allowing teams to finalize such high-stake deals.
Franz Wagner's new contract with the Orlando Magic not only breaks the franchise record for the largest deal but also includes significant performance incentives. Wagner could earn up to 30% of the Magic's salary cap if he meets specific criteria such as being named to an All-NBA team. The contract, which commences in the 2025-26 season, solidifies Wagner's position as a cornerstone of the Magic's roster, reflecting both his current achievements and potential future contributions to the team.
Securing Franz Wagner with a long-term contract aligns with the Orlando Magic's strategic vision of building a competitive team around a young, talented core. Wagner, alongside players like Paolo Banchero and his brother Moe Wagner, who also secured a new contract, represents the future of the Magic. The team has shown significant improvement, increasing their win totals and making a strong playoff appearance last season. This contract is a testament to the Magic's commitment to maintaining and developing its core talent as they aim for sustained success in the NBA.
Since being drafted eighth overall by the Orlando Magic in the 2021 NBA Draft, Franz Wagner has shown remarkable progress. The young forward has set career highs in points, rebounds, and assists, and played a crucial role in Germany's FIBA World Cup victory. Wagner's performance has not only earned him a place among the elite young talents in the NBA but also set high expectations for his future contributions, both at the club and international levels.
Franz Wagner's record-setting contract extension with the Orlando Magic is a testament to his value to the team and his potential to be a leading figure in the NBA. As Wagner continues to develop his skills and contribute significantly on the court, the Magic's investment in him is expected to yield substantial dividends, both on the court and in their pursuit of championships. With this deal, Orlando firmly positions itself as a growing power in the Eastern Conference, building around a young and promising core.
"This guy is a NBA Max player… Insanity." - Moe Wagner