BREAKING: Orlando Magic Sign Player For $224 Million

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BREAKING: Orlando Magic Sign Player For $224 Million
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According to Shams Charania of The Athletic and Stadium, the Orlando Magic will sign one of their best players to a significant contract extension.

"ESPN Sources: Orlando Magic forward Franz Wagner has agreed on a five-year, $224 million maximum rookie contract extension – a deal that could become worth as much as $269 million.": "Wagner is eligible to earn 30 percent of the team’s salary cap should he get voted to the All-NBA team, sources said. Wagner’s agent Jason Glushon completed negotiations on the deal over the July 4th holiday.

Wagner is eligible to earn 30 percent of the team’s salary cap should he get voted to the All-NBA team, sources said. Wagner’s agent Jason Glushon completed negotiations on the deal over the July 4th holiday.The former Michigan star is coming off a season where he averaged 19.7 points, 5.3 rebounds, 3.7 assists and 1.1 steals per contest while shooting 48.2% from the field and 28.1% from the three-point range in 72 games.

On Friday, Shams Charania of The Athletic and Stadium reported that the Magic will sign Wagner to a contract extension that is worth up to $270 million.

His career averages are 17.8 points, 4.6 rebounds, 3.4 assists and 1.0 steals per contest while shooting 47.9% from the field and 33.2% from the three-point range in 231 regular season games.The Magic are coming off a season where they were the fifth seed in the Eastern Conference with a 47-35 record.

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