Orlando Magic's Franz Wagner Agrees to Five-Year, $224 Million Extension

Orlando, Florida United States of America
In the 72 games he played last season, Wagner set career highs in points (19.7), rebounds (5.3), assists (3.7), and steals (1.1).
Orlando Magic forward Franz Wagner agreed to a five-year, $224 million rookie extension.
The Magic returned to the playoffs for the first time since 2019-20 with a record of 47-35.
Wagner helped Germany win the World Cup last summer and is set to represent his country at the Paris Olympics later this month.
Wagner's impressive play earned him a spot in the Magic's starting lineup for all 231 appearances since being drafted eighth overall in 2021.
Orlando Magic's Franz Wagner Agrees to Five-Year, $224 Million Extension

Orlando Magic forward Franz Wagner has agreed to a five-year, $224 million rookie extension with the team. The deal, which could be worth up to $270 million if Wagner becomes supermax eligible, was reported by multiple sources including ESPN and The Athletic.

Wagner's impressive play on the court earned him a spot in the Magic's starting lineup for all 231 of his appearances since being drafted eighth overall in 2021. In the 72 games he played last season, Wagner set career highs in points (19.7), rebounds (5.3), assists (3.7), and steals (1.1).

The German forward helped Germany win the World Cup last summer and is set to represent his country at the Paris Olympics later this month.

Wagner's extension comes after a successful season for the Magic, who returned to the playoffs for the first time since 2019-20 with a record of 47-35. The team's president of basketball operations, Jeff Weltman, described Wagner as a



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  • Unique Points
    • Wagner is considered the best player to come out of Germany since Hall of Famer Dirk Nowitzki.
    • Wagner had seven 30-point games last season and ranked in the top 10 of made layups and dunks according to Second Spectrum.
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  • Unique Points
    • Franz Wagner agreed to a five-year, $224 million rookie maximum extension with the Orlando Magic.
    • Wagner has started all 231 of his appearances with Orlando.
    • In 72 games last season, Wagner set career bests in points (19.7 ppg), rebounds (5.3 rpg) and assists (3.7 apg).
    • Wagner helped Germany win the World Cup last summer and is slated to play at the Paris Olympics starting later this month.
    • Wagner has cemented himself as a cornerstone for the Magic.
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  • Unique Points
    • The Magic are signing Franz Wagner to a five-year, maximum-salary rookie scale extension.
    • Wagner needs to win MVP, Defensive Player of the Year, or make an All-NBA team in 2024/25 for a starting salary worth 30% of the ‘25/26 salary cap instead of 25%.
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  • Unique Points
    • Franz Wagner agreed to a 5-year, $224 million maximum rookie extension with the Orlando Magic.
    • Wagner had his third- and fourth-year team options picked up by Orlando before this summer.
    • Wagner is one of six players 22 or younger in league history to compile 4,000-plus points, 1,000-plus rebounds and 700-plus assists during his first three pro seasons.
    • Wagner had the fewest regular-season games in his career (72) but still set career highs in scoring (19.7 points), rebounding (5.3), assists (3.7) and steals (1.1).
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    None Found At Time Of Publication
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    None Found At Time Of Publication
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    None Found At Time Of Publication
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    None Found At Time Of Publication
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    None Found At Time Of Publication