Paolo Banchero and the Orlando Magic have agreed to a five-year, $239 million maximum extension. The deal includes triggers to elevate his salary to the Rose rule max if he makes an All-NBA team.

The deal also has a player option for Banchero in 2030-31, which hasn't happened on a rookie max since Luka Doncic and Trae Young in 2021.

Orlando now has Banchero, Franz Wagner and Jalen Suggs signed for the next five years.

Banchero averaged 25.9 points, 7.5 rebounds and 4.8 assists last season. Banchero missed 34 games over the first two months of last season due to an oblique injury.