The Orlando Magic and Franz Wagner have reached a significant agreement on a 5-year, $224 million contract extension, which could potentially rise to $269 million, as reported by ESPN's Adrian Wojnarowski. Wagner, previously set to become a restricted free agent in 2025, showcased his value during the playoffs with impressive numbers in scoring, rebounding, and defensive play. As a key player alongside Banchero and Suggs, Wagner played a vital role in the Magic's return to the playoffs, delivering standout performances and achieving career-high statistics in various categories throughout the regular season. With his evolving skills as a perimeter defender and consistent offensive output, Wagner solidified his place as a core component of the team's future success.