Franz Wagner is staying in Orlando. On Friday, the German forward signed a massive five-year, $224 million contract extension that will keep him with the Orlando Magic for the foreseeable future, per ESPN’s Adrian Wojnarowski.
The deal, which is a maximum extension for rookies, could be worth up to $269 million. According to Wojnarowski, Wagner is eligible to earn 30% of Orlando’s salary cap if he votes for the All-NBA team.
Sources ESPN: Orlando Magic forward Franz Wagner has agreed to a five-year, maximum rookie contract extension worth $224 million – a deal that could be worth up to $269 million. pic.twitter.com/uWrTFV6hrm
-Adrian Wojnarowski (@wojespn) July 5, 2024
In 2023, Wagner averaged 19.7 points per game, second only to teammate Paolo Banchero, and also averaged 5.3 rebounds and 3.7 assists.
Wagner has also been one of the Magic’s most consistent players in terms of games played: in three 82-game seasons in Orlando, he has missed just 15 total games and has accumulated more than 7,000 minutes of playing time. Last season, he averaged 32:28 minutes per game.
Wagner was selected by the Magic eighth overall in the 2021 draft and has quickly become a crucial starter for Orlando. He was named to the NBA All-Rookie First Team in 2022 after averaging 15.2 points and 30:44 minutes per game throughout the season.
Wagner joined his brother, Moritz Wagner, on the Magic. The two are one of the 13 sets of brothers in the NBA, but he is one of three – along with Giannis and Thanasis Antetokoumpo and Brook and Robin Lopez, who play for the Milwaukee Bucks – who play on the same team.
Last summer, both Wagners helped lead Germany to a gold medal at the 2023 FIBA World Cup, with Franz earning second-team all-tournament honors for his efforts. Both are expected to play for Germany in Paris this summer.
