Franz Wagner agrees to $224 million contract extension with Magic
![Franz Wagner agrees to 4 million contract extension with Magic Franz Wagner agrees to 4 million contract extension with Magic](https://i2.wp.com/nypost.com/wp-content/uploads/sites/2/2024/07/GettyImages-2151340711-e1720214201844.jpg?w=1024&w=1024&resize=1024,682&ssl=1)
Franz Wagner is the latest beneficiary of the NBA’s continued salary hike.
Since being selected with the eighth overall pick in the 2021 NBA Draft, the combo forward has become a franchise cornerstone in Orlando for a team that surprisingly finished fifth in the Eastern Conference last season.
Wagner, a University of Michigan alumnus who turns 23 in August, has agreed to a $224 million contract extension from his Magic team that could be worth as much as $269 million with incentives, according to ESPN’s Adrian Wojnarowski.
![Franz Wagner agrees to 4 million contract extension with Magic Franz Wagner agrees to 4 million contract extension with Magic](https://nypost.com/wp-content/uploads/sites/2/2024/07/GettyImages-2151340711-e1720214201844.jpg?w=1024)
The deal would be the largest in franchise history and would run through the 2025-26 season.
The report also notes that Wagner’s incentives include the eligibility to earn 30 percent of the Magic’s salary cap if he is named to an All-NBA team, which is common in the league regarding big contracts.
Wagner averaged the best raw stats of his career last season.
The 6-foot-10 German averaged 19.7 points, 5.3 rebounds and 3.7 assists per game in 2023-24, all career highs.
Wagner also shot 48.2 percent from three-point range, although he shot just 28.1 percent from three on 4.6 attempts per game, by far the worst three-point shooting of his career.
![Franz Wagner and Paolo Banchero are considered the cornerstones of the Orlando Magic franchise.](https://nypost.com/wp-content/uploads/sites/2/2024/07/GettyImages-1245100489.jpg?w=1024)
Despite his decline, Wagner is considered the Magic’s second-best player behind All-Star Paolo Banchero.
The team will look to build on its 47-35 campaign, which ended in the first round of the playoffs after pushing the No. 4 seed Cleveland Cavaliers to seven games.
The former Michigan star will represent Germany at the Paris Olympics this summer.
News Source : nypost.com
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