Magic Sign Paolo Banchero To Five-Year Max Extension
7:04 pm: Banchero’s five-year, maximum-salary extension is official, the Magic announced in a press release (Twitter link).
“We are thrilled to keep Paolo in a Magic uniform for years to come,” Magic president of basketball operations Jeff Weltman said in a statement. “At just 22, he has won NBA Rookie of the Year, been named an NBA All-Star and is widely regarded as one of our league’s brightest young stars.
“This commitment reflects our belief in Paolo’s talent, character and desire to win at the highest level. It also reflects Paolo’s belief in our organization, our fans and the city of Orlando. We are excited to continue this journey together.”
5:31 pm: Magic star forward Paolo Banchero has agreed to a five-year maximum rookie scale contract extension that be worth as much as $288MM, ESPN’s Shams Charania tweets.
The contract will include a player option in the final year, the first time that’s happened in a rookie scale maximum-salary extension since 2021, when Luka Doncic and Trae Young each received one.
As cap expert Yossi Gozlan points out (Twitter link), the extension is technically worth a projected $240MM but it could rise another $48MM if Banchero meets the Rose Rule performance criteria, which includes making an All-NBA team or winning the Most Valuable Player Award.
The salary projections are based on a 7% cap increase for 2026/27.
Banchero will now be signed through at least 2030, with a ’30/31 player option. The five-year extensions for Franz Wagner and Jalen Suggs kick in this coming season and recently acquired Desmond Bane has a contract that runs through the 2028/29 season. That means that four members of the starting lineup are signed for at least the next four seasons.
Orlando’s decision to make Banchero the top pick of 2022 draft was somewhat surprising at the time, but he has lived up to that billing. He was the Rookie of the Year in 2023 and an All-Star in 2024.
An early-season oblique injury marred Banchero’s third NBA season, but he still averaged 25.9 points, 7.5 rebounds and 4.8 assists per game in 46 starts. The 22-year-old has averaged 28 points per game in 12 postseason contests over the past two seasons.
Back in May, Banchero told Marc J. Spears of ESPN he wasn’t sure if he’d sign an extension but was hopeful it would come to fruition.
“I was in over my head when I signed my rookie (contract). So, I really haven’t thought much about that. … But it’s a blessing and hopefully all that stuff works out if I’m able to sign with the team and lock in my future,” he said. “That’s every young player’s goal coming into this league, establishing yourself early, get a second contract. So, when (the) time comes, I’m sure all that stuff we can figure out. I don’t know. They say more money, more problems. So, we’ll see what happens.”
Joe Prunty May Leave Milwaukee For Orlando
- Bucks assistant Joe Prunty is set to join the Magic‘s coaching staff, sources tell Marc Stein of The Stein Line (Twitter link). Prunty began his coaching career in 1996 and has spent time as an interim head coach in Atlanta and Milwaukee.
Southwest Notes: Durant, Finney-Smith, Roddy, Shammgod, Pelicans
Trading for Kevin Durant and adding Dorian Finney-Smith in free agency should solve the outside shooting woes that have bogged down the Rockets‘ offense, writes Kelly Iko of The Athletic. He notes that Houston went just 5-of-17 from beyond the arc in a Game 7 loss to Golden State while averaging just 78.0 points per 100 half-court plays. Management believed the team had become too reliant on scoring off the offensive glass and needed to find a way to stretch opposing defenses.
Durant, who remains one of the league’s top shooters at age 36, should go a long way toward fixing the problem. Iko notes that Phoenix managed to be a top-10 half-court team last season, which is largely due to Durant’s brilliance. He should provide the lion’s share of Houston’s offense, with elite athletes surrounding him to keep opposing defenses honest.
Finney-Smith posted two huge games against the Rockets in March and April, Iko adds, going a combined 12-of-20 from three-point range. Iko cites statistics from Cleaning the Glass showing that Finney-Smith’s on-off numbers were +10.8 during his time with Brooklyn last season and +9.3 with Los Angeles. Iko expects the Rockets to see fewer zones with Durant and Finney-Smith on hand to counter them.
There’s more from the Southwest Division:
- Rockets two-way player David Roddy appears to be headed to the Hawks as compensation for Clint Capela when a seven-team deal becomes official on Sunday, according to Danielle Lerner of The Houston Chronicle (Twitter link). Roddy began last season with Atlanta before being waived at the trade deadline.
- God Shammgod talked to Brad Townsend of The Dallas Morning News about his decision to leave the Mavericks‘ coaching staff and join his friend Jamahl Mosley with the Magic. Shammgod is among four assistants Dallas is losing this offseason. He has been with the organization since 2016 and said he never expected to make such a move a month ago. “I’ve been very fortunate, being under a great coach like Rick Carlisle, and then going to another good coach like (Jason Kidd) and being a part of one of the best organizations in the world,” Shammgod said. “And Mark Cuban, you know, probably one of the greatest owners in sports — but, to me, an even better person. There will always be a love relationship for me here in Dallas. I just appreciate everything Dallas did for me, as a coach and as a person.”
- New Pelicans head of basketball operations Joe Dumars is taking a huge chance that the young roster he has assembled can be a playoff contender, observes William Guillory of The Athletic. If it doesn’t work out, Guillory believes Dumars will be facing a full rebuild that could include trading Zion Williamson and firing coach Willie Green.
Scouts, Execs View Cavs As Favorites To Win East Next Season
The Cavaliers claimed the top seed in the Eastern Conference last season by going 64-18. In part due to injuries, Cleveland had a rocky playoff showing, losing its second-round series vs. Indiana in five games.
Due to the Achilles tears of Jayson Tatum (Celtics) and Tyrese Haliburton (Pacers), the East is viewed as being up for grabs in 2025/26. But in an anonymous poll of eight NBA scouts and executives, seven selected the Cavaliers to win the conference (one picked them to finish second), according to Tim Bontemps and Brian Windhorst of ESPN.
The Knicks were the only other team to receive a first-place vote and appear on all eight ballots. They finished second in the poll, with the Hawks and Magic rounding out the top four.
Thus far this offseason, the Cavs agreed to a trade with the Bulls that will send Lonzo Ball to Cleveland and Isaac Okoro to Chicago. On his What An Experience podcast (YouTube link), Ball said he’s excited to be joining a contending team.
“Just playing, competing for a ring. I feel like that should be the goal, I feel like that is the goal,” said Ball (hat tip to Benedetto Vitale of Clutch Points). “So, happy to get over there and get started. To meet everybody, get familiar with everything, and take it as far as we can.
“I feel like it’s just a blessing, bro. To be honest, I mean, everybody keeps asking me how I feel about the trade. I’m like, s—, I’m happy to still be playing anywhere, let alone a team that has a real chance to win a ring. My whole life, I feel like I’ve been playing the right brand of basketball, and that’s to win games, so I feel like I’m going to a great situation and I just want to play my role and do what I can to help.”
In other offseason moves, Cleveland lost Sixth Man of the Year finalist Ty Jerome to the Grizzlies in free agency, declined its team option on Chuma Okeke, agreed to re-sign sharpshooter Sam Merrill and bring back former big man Larry Nance Jr., and signed second-round pick Tyrese Proctor to a standard contract. The Cavs’ other second-rounder, Saliou Niang, will reportedly play for EuroLeague club Virtus Bologna next season.
The Cavaliers seem prepared to bring back their “core four” of Darius Garland, Donovan Mitchell, Evan Mobley and Jarrett Allen, though Garland’s name has popped up in some trade talks. All four players have All-Star nods on their résumés and are on lucrative long-term contracts.
Cleveland will be operating over the second tax apron next season, limiting the team’s roster-building flexibility.
Magic Sign Second-Rounder Noah Penda
The Magic have officially signed No. 32 overall pick Noah Penda to his first NBA contract, the team announced today in a press release (Twitter link).
Orlando didn’t reveal the details of Penda’s new deal, but Jason Beede of The Orlando Sentinel reports (via Twitter) that he was signed using the second-round pick exception, with the first two years guaranteed, a non-guaranteed third year, and a fourth-year team option.
A 6’8″ French forward, Penda played for Le Mans in France last season. In 37 total games with the club, he averaged 10.2 points, 5.5 rebounds, 2.7 assists, 1.2 steals and 0.9 blocks while shooting 44.7% from the field and 32.2% on three-pointers.
Considered a solid defender with a good frame, Penda was widely viewed as a potential first-round pick — The Athletic’s Sam Vecenie had him ranked No. 21 on his big board heading into the draft. Orlando is clearly high on him, having given up four second-round picks (No. 46 and No. 57 this year, along with two future selections) to move up to get him last Thursday.
Based on their reported deals with free agents Tyus Jones and Moritz Wagner, the Magic now have a projected 14 players on standard contracts and are expected to be operating too close to their first-apron hard cap to add a 15th man before the regular season begins. However, that situation remains fluid until the official numbers on contracts come in.
Magic Re-Sign Moritz Wagner
July 7: The Magic have officially signed Wagner, the team announced today in a press release (Twitter link).
July 4: The Magic and veteran free agent Moritz Wagner have agreed to a one-year, $5MM deal that will see the big man return to Orlando, according to reports from Jason Beede of The Orlando Sentinel and Shams Charania of ESPN (Twitter link).
The older brother of Magic star Franz Wagner, Moritz has been with the team for four-plus seasons, having originally signed late in the 2020/21 campaign.
Wagner appeared well on his way to a career year in 2024/25, with averages of 12.9 points and 4.9 rebounds in 18.8 minutes per game and a shooting line of .562/.360/.718 through 30 contests. However, a torn left ACL in December prematurely brought his season to an end.
Faced with an increasingly expensive roster – and with Wagner still recovering from that ACL tear – Orlando declined its $11MM team option on the 6’11” forward/center last weekend, but there was always an expectation that the club wanted to bring him back at a reduced rate. With his Bird rights in hand, the Magic have the ability to re-sign Wagner without using any mid-level or bi-annual exception money.
Wagner will have the ability to veto a trade in 2025/26, per Michael Scotto of HoopsHype (Twitter link). That right is automatically awarded to a player who re-signs with his previous team on a one-year deal or a two-year deal with a second-year option, though many players agree to waive that veto ability as part of their contract agreement (as Wagner did a year ago).
Having traded for Desmond Bane last month and agreed to sign Tyus Jones in free agency earlier this week, Orlando now projects to operate in luxury-tax territory for the 2025/26 season.
According to ESPN’s Bobby Marks (via Twitter), the Magic only have enough room below their first-apron hard cap to sign second-round pick Noah Penda or a veteran-minimum player as their 14th man, but not both, unless perhaps Jones’ and Wagner’s deals come in a little lower than reported.
Jase Richardson Signs Rookie Scale Contract With Magic
Former Michigan State guard Jase Richardson has officially signed his rookie scale contract with the Magic, the team announced on Thursday.
Richardson had a strong freshman year for the Spartans, coming off the bench in his first 21 games before claiming a spot in the starting lineup starting in early February. In 36 total contests, he averaged 12.1 points, 3.3 rebounds, and 1.9 assists in 25.3 minutes per game, with an excellent .493/.412/.836 shooting line.
If the 19-year-old signs for 120% of the rookie scale amount, which almost all first-rounders do, he will earn approximately $2.98MM next season and a total of $15.31MM over the course of his four-year deal.
Richardson was selected 25th overall in the 2025 draft.
Magic Withdraw Mac McClung’s Qualifying Offer
The Magic have withdrawn their two-way qualifying offer to guard Mac McClung, making him an unrestricted free agent, per Keith Smith of Spotrac (Twitter links).
According to Smith, Orlando pulled McClung’s QO to give him a chance to pursue other opportunities without being a RFA. The Magic have a crowded backcourt and McClung didn’t have an obvious path to playing time, Smith adds.
Jason Beede of The Orlando Sentinel confirms the news (via Twitter).
McClung spent all of last season on a two-way deal with Orlando but only made two brief NBA appearances. In 44 combined appearances with the NBA G League’s Osceola Magic, he averaged 23.0 points, 5.4 assists and 3.9 rebounds in 32.4 minutes per game, with a shooting line of .481/.344/.828.
The 26-year-old guard was named first-team All-NBAGL in 2024/25 after winning G League MVP in ’23/24. McClung is most well known for winning the past three NBA dunk contests.
Even though he has only played in six games, McClung has three years of NBA experience, having made previous stops with the Bulls, Lakers and Sixers. He is eligible for a two-way deal for one more season.
Ethan Thompson is currently the only player on a two-way deal with Orlando, so the team has a pair of two-way openings.
Coaching Rumors: Knicks, Borrego, Shammgod, Magic, Mavs, More
After being denied permission to speak to five NBA head coaches already under contract with rival teams, the Knicks shifted their focus to Mike Brown and Taylor Jenkins, with Jenkins falling behind after “projecting less enthusiasm for the job,” writes Stefan Bondy of The New York Post.
The team spoke to other candidates, including James Borrego and Micah Nori, and Ian Begley of SNY.tv confirms that South Carolina women’s basketball coach Dawn Staley did, in fact, formally interview for the job as well. However, as Begley writes, the search was always expected to result in the Knicks hiring an experienced NBA head coach.
The Knicks ultimately decided Brown was their man in large part because they believe he’ll bring “leadership and collaboration” to the organization, tweets Steve Popper of Newsday. Casey Powell (aka CP The Fanchise) of Knicks Fan TV (Twitter link) notes that the club is also confident in Brown’s ability to maximize the talent on the roster.
While Brown won’t be forced to retain any of the assistants who worked under Tom Thibodeau, the expectation is that a few will be back, according to Begley, who specifically identifies Rick Brunson, Darren Ermann, Mark Bryant, and Maurice Cheeks as strong candidates to remain in New York.
Brown is targeting Borrego for his lead assistant role, viewing him as an ideal offensive coordinator, Begley writes. However, as Marc Stein of The Stein Line notes (via Twitter), the Pelicans want to keep Borrego as their associate head coach and don’t necessarily have to let him leave for what would be a lateral move in terms of his title.
According to Stein (Twitter link), New Orleans previously denied permission to the Nuggets, who wanted to speak to Borrego about their lead assistant role under David Adelman.
Here are a few more coaching-related notes and rumors from around the NBA:
- As expected, Mavericks player development coach God Shammgod has reached a deal with the Magic to become an assistant on Jamahl Mosley‘s staff, reports Shams Charania of ESPN (Twitter link). Rumors about Orlando’s interest in Shammgod, who had been in Dallas since 2016, had circulated since mid-June.
- With Shammgod departing, keep an eye on Phil Handy and Mike Penberthy as possible candidates to join the Mavericks‘ staff under Jason Kidd, according to Stein (Twitter links). Both Handy and Penberthy were part of the Lakers’ staff alongside Kidd when Frank Vogel – Dallas’ new lead assistant – was the head coach in Los Angeles.
- Omar Cooper Jr., the twin brother of former NBA guard Sharife Cooper and the son of Ace Bailey‘s agent Omar Cooper, is serving as a guest coach for the Jazz during Summer League, per Andy Larsen of The Salt Lake Tribune. Cooper Jr. is looking to get into coaching after wrapping up his college playing career at McNeese State this past season.
- In announcing its 15-man roster for EuroBasket 2025, the Spanish national team confirmed that former Raptors assistant Sergio Scariolo will be stepping down from his role as Spain’s head coach after the event. BasketNews.com has the story, along with Spain’s roster, which includes Grizzlies forward Santi Aldama.
Free Agent Rumors: Kings, Schröder, Horford, More
Finding a point guard was a top priority for the Kings when free agency opened on Monday. According to NBA insider Chris Haynes (Twitter link), the team arranged meetings via Zoom with both Dennis Schröder and Russell Westbrook.
Sacramento was also planning to meet with Malcolm Brogdon, sources tell Jake Fischer of The Stein Line (Twitter link), who notes that the Wizards would be willing to accommodate a sign-and-trade deal involving Brogdon.
The Kings may end up adding more than one point guard, with Schröder looking like a lock to be one of them. Reports leading up to free agency indicated the two sides would likely agree to a two-year deal worth the full non-taxpayer mid-level exception, and Fred Katz of The Athletic (Twitter link) has since reported that Schröder will reach an agreement to sign with Sacramento.
Here are a few more free agent rumors from around the NBA:
- Al Horford is commanding a lot of attention, reports HoopsHype’s Michael Scotto (via Twitter). Scotto says that the Warriors, Knicks, Nuggets, Lakers, and Cavaliers have all expressed interest in luring Horford away from the Celtics since free agency opened, but Boston is also interested in retaining him, especially after losing Luke Kornet earlier in the day to the Spurs.
- After agreeing to sign Tyus Jones to be the team’s backup point guard, Tim Reynolds of the Associated Press hears that reserve big man Moritz Wagner is expected to return to the Magic (Twitter link). Orlando declined its team option on Wagner over the weekend, but retained his Bird rights. Jason Beede of the Orlando Sentinel echoes Reynolds’ report (via Twitter), saying that expects Wagner to re-sign with the Magic.
- The Warriors feel good about their chances of re-signing restricted free agent forward Jonathan Kuminga, according to ESPN’s Marc Spears (Twitter video link). Spears says the money Kuminga and his representatives are looking for does not seem to be on the market this summer, which could result in him remaining in Golden State.