Per President of Basketball Operations Jeff Weltman, the Orlando Magic have exercised their third-year club option on Paolo Banchero, as well as their fourth-year team options on guard Jalen Suggs and forward Franz Wagner.
Orlando originally selected Banchero (6’10”, 250, 11/12/02) in the first round (first overall) of the 2022 NBA Draft. During his rookie season with the Magic last year, he participated in 72 games and made 72 starts while averaging a team-best 20.0 ppg, 6.9 rpg, and 3.7 apg in 33.7 minutes per game. Banchero was selected unanimously for the 2022–23 NBA All–Rookie First Team and was named the 2022–23 Kia NBA Rookie of the Year.
Orlando originally selected Suggs (6’5″, 212, 6/3/01) in the first round (fifth overall) of the 2021 NBA Draft. All with Orlando, he has appeared in 101 regular-season NBA games (64 starts), averaging 10.8 points per game, 3.6 assists per game, 3.3 rebounds per game, and 1.25 steals per game in 25.3 minutes per game.
Orlando originally selected Wagner (6’10”, 230, 8/27/01) in the first round (eighth overall) of the 2021 NBA Draft. He has played and started in 159 regular-season NBA games in his career, all with Orlando, averaging 16.9 points per game, 4.3 rebounds per game, and 3.2 assists per game in 31.7 minutes per game while shooting.850 (460-541) from the charity stripe. Wagner was selected for the NBA All-Rookie First Team for 2021–22.
Contracts for all three players extend through the 2024–25 season.