Franz Wagner of the Orlando Magic has signed a lucrative five-year, $224 million rookie contract extension, potentially reaching $269 million. His agent finalized the deal over the July 4 holiday, earning him the ability to earn 30% of the team's salary cap if he makes an All-NBA team. Wagner played a pivotal role in the Magic's successful season, averaging impressive stats and helping the team secure a spot in the playoffs. He has made history by reaching 4,000 points before turning 23, alongside legends like Shaquille O'Neal and Dwight Howard. Wagner's exceptional performance includes seven 30-point games and top rankings in layups and dunks. Regarded as Germany's best since Dirk Nowitzki, Wagner's extension signifies his importance to the Magic's future success.