Magic exercise 2024-25 options on young core

The Magic have exercised a series of rookie scale team options, guaranteeing the 2024-25 salaries for forward Franz Wagner, guard Jalen Suggs and forward Paolo Banchero, according to Jason Beede of The Orlando Sentinel.

All three players already had guaranteed salaries for the upcoming season (2023/24). Now they’re locked in for at least one more season beyond that.

Wagner’s and Suggs’ fourth-year options for 2024/25 are worth $7,007,092 and $9,188,385, respectively. Both players will now be eligible for rookie scale extensions next offseason. As for Banchero, he’ll earn $12,160,800 in 2024-25 now that his third-year option has been picked up. Orlando will have to exercise his fourth-year option for ’25/26 next fall.

Wagner averaged 18.6 points, 4.1 rebounds, and 3.5 assists in 32.6 minutes per night across 80 appearances in his second NBA season. The 22-year-old forward, who posted a strong shooting line of .485/.361/.842 in 2022/23, helped lead Germany to a World Cup gold medal this summer.

Suggs, the fifth overall pick in 2021, has had a couple of up-and-down seasons since going pro, shooting just .387/.271/.752 with averages of 10.8 PPG, 3.6 APG, and 3.3 RPG in 101 total NBA games (25.3 MPG). However, Orlando remains confident enough in his growth to commit to him beyond the coming season.

As for Banchero, the rising star is coming off a Rookie of the Year campaign in which he averaged a team-high 20.0 PPG to go along with 6.9 RPG and 3.7 APG on .427/.298/.738 shooting in 72 games (33.8 MPG). He’ll be looking to improve his shooting efficiency in year two and has spoken about wanting to become an All-Star.