The Orlando Magic locked up their young core with over $750 million in contract extensions. Franz Wagner leads the roster at $38.6 million as the franchise builds around him, Paolo Banchero, and Jalen Suggs.
The team carries $187.8 million in total salary while staying competitive in the Eastern Conference. They added veteran scoring through a trade for Desmond Bane to complement their defensive identity.
Find out more about the Orlando Magic players biography and net worth by clicking on their name.
| Point Guards | Shooting Guards | Small Forwards | Power Forwards | Centers |
| Cole Anthony | Kentavious Caldwell-Pope | Franz Wagner | Paolo Banchero | Wendell Carter Jr. |
| Anthony Black | Caleb Houstan | Jonathan Isaac | Goga Bitadze | |
| Cory Joseph | Jalen Suggs | Jett Howard | Tristan da Silva | Moritz Wagner |
| Mac McClung | Trevelin Queen | Franz Wagner | ||
| Ethan Thompson |
Orlando Magic Top 10 Highest-Paid Players
Franz Wagner commands the highest salary at $38.6 million on his five-year, $224 million extension. That’s the richest contract in franchise history.
| Player | Position | Salary | Contract Through |
| Franz Wagner | F | $38,661,750 | 2030 |
| Desmond Bane | G | $36,725,670 | 2029 |
| Jalen Suggs | G | $35,000,000 | 2030 |
| Paolo Banchero | F | $15,334,769 | 2031 |
| Jonathan Isaac | F | $15,000,000 | 2029 |
| Wendell Carter Jr. | C | $10,850,000 | 2028 |
| Goga Bitadze | C | $8,333,333 | 2027 |
| Anthony Black | G | $7,970,280 | 2027 |
| Tyus Jones | G | $7,000,000 | 2026 |
| Jett Howard | G | $5,529,720 | 2027 |
Desmond Bane provides veteran scoring at $36.7 million after arriving via trade from Memphis. Jalen Suggs earned a five-year, $150.5 million extension that starts this season at $35 million.
Paolo Banchero makes $15.3 million in his final rookie-scale year before his five-year, $287 million max deal begins. Jonathan Isaac contributes elite defense at $15 million on his front-loaded five-year contract.
Paolo Banchero Net Worth Growing Through Jordan Brand Partnership
Paolo Banchero has a net worth around $5 million despite being just 22 years old. His career earnings exceed $35 million from his rookie contract and upcoming max extension worth up to $287 million.
| Player | Salary | Career Earnings (Est.) | Net Worth (Est.) | Key Endorsements |
| Franz Wagner | $38.6M | $60M+ | $22M | Various |
| Desmond Bane | $36.7M | $165M+ | $40M | Nike |
| Jalen Suggs | $35M | $45M+ | $18M | Various |
| Paolo Banchero | $15.3M | $35M+ | $5M | Jordan Brand, 2K Sports |
| Jonathan Isaac | $15M | $75M+ | $20M | Various |
Banchero signed a multi-year endorsement deal with Jordan Brand in October 2022. The partnership made him a headliner of the Air Jordan 37 before his NBA debut. Jordan Brand released his Heir Series PE in February at a retail price of $110, featuring his personal logo.
The number one pick from 2022 also has endorsement income from 2K Sports and other brands. His five-year max extension can reach $287 million if he makes All-NBA or All-Defense next season.
Franz Wagner sits at $22 million in net worth after signing his $224 million extension. Desmond Bane accumulated $40 million in net worth from career earnings exceeding $165 million with Memphis and Orlando.
Orlando Magic Spending by Position
| Position Group | Total Spending | Top Earner | Salary |
| Guards | $91.2M | Desmond Bane | $36.7M |
| Forwards | $39.8M | Paolo Banchero | $15.3M |
| Centers | $24.8M | Wendell Carter Jr. | $10.8M |
| Bench/Rotation | $32M | Jonathan Isaac | $15M |
Orlando invests heavily in backcourt talent with 48 percent of spending on guards. Desmond Bane, Jalen Suggs, Anthony Black, and Tyus Jones provide scoring and playmaking depth.
Forwards receive $39.8 million between Paolo Banchero, Franz Wagner, and Jonathan Isaac. Centers take just $24.8 million with Wendell Carter Jr. and Goga Bitadze splitting minutes.
The Magic prioritized locking up their young core through extensions. They secured four key players to long-term deals totaling over $750 million this offseason.
Franz Wagner Extension Makes Him Franchise Cornerstone
Franz Wagner signed a five-year, $224 million extension that starts this season. He receives 25 percent of the salary cap in year one with eight percent raises annually.
Wagner averaged 19.7 points, 5.3 rebounds, and 3.7 assists last season. He shot 48 percent from the field and 28 percent from three while playing elite defense. His contract becomes the first in Magic history to pay over $50 million in a single season.
The deal runs through 2029-30 with annual salaries climbing from $38.6 million to $52.5 million. Wagner’s extension happened alongside Jalen Suggs and Paolo Banchero, cementing Orlando’s young core through 2030.
Desmond Bane Trade Adds Veteran Scoring Punch
Orlando acquired Desmond Bane from Memphis in a three-team trade in June. He brings elite three-point shooting and scoring at $36.7 million this season.
Bane averaged 24.7 points while shooting 44 percent from three last season with the Grizzlies. His contract runs through 2028-29 with annual raises built in. The trade gives Orlando a proven scorer to complement their defensive-minded roster.
He provides veteran leadership alongside the young core. Bane’s ability to create his own shot and space the floor makes him an ideal fit next to Banchero and Wagner.
FAQs
Who is Orlando Magic highest-paid player?
Franz Wagner leads at $38,661,750 this season. His five-year, $224 million extension is the richest contract in franchise history and runs through 2030.
What is Paolo Banchero’s net worth?
Paolo Banchero has an estimated net worth of $5 million. He signed a multi-year endorsement deal with Jordan Brand and has a five-year max extension worth up to $287 million.
How much did Jalen Suggs get extended for?
Jalen Suggs signed a five-year, $150.5 million extension. The fully guaranteed deal averages $30.1 million annually and runs through the 2029-30 season.
When does Paolo Banchero’s max extension start?
Paolo Banchero’s five-year, $287 million extension begins in the 2026-27 season. He makes $15.3 million this year in his final rookie-scale season before the massive raise.
