Magic, Jalen Suggs comply with 5-year extension value common of $30 million yearly

by Anthony S. Hansen
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Jalen Suggs has signed a five-year contract extension with the Orlando Magic value a mean of about $30 million per season, an individual with data of the phrases advised The Related Press on Monday.

The group introduced the signing however didn’t disclose phrases. ESPN first reported the signing.

It’s one other step the Magic are making towards locking up their younger core on long-term offers. They signed Franz Wagner over the summer season to a five-year extension value at the very least $224 million — the largest contract in group historical past for now. It is going to virtually definitely be topped subsequent summer season when 2023 NBA rookie of the yr Paolo Banchero is extension eligible.

Suggs’ extension, like Wagner’s, kicks in with the 2025-26 season. He’s coming off a breakout yr for the Southeast Division champions, averaging 12.6 factors and taking pictures practically 40% from 3-point vary final season — on his option to incomes a second-team All-Protection choice, ending eighth in Most Improved Participant balloting and tied for tenth in defensive participant of the yr voting.

“I wish to be right here,” Suggs mentioned because the Magic opened coaching camp three weeks in the past. “I do not wish to be wherever else.”

The Magic had till Monday night to get the rookie-scale extension with Suggs accomplished. Magic president of basketball operations Jeff Weltman had made clear on a number of events that getting a deal executed with Suggs was a precedence, saying “he is a giant a part of what we’re doing. Everyone is aware of that.”

Orlando, which went to the playoffs as a No. 5 seed within the Japanese Convention final season, opens this season Wednesday at Miami.

Reporting by The Related Press.

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