The Magic solidified their future, signing Paolo Banchero to a max deal with a rare player option, signaling full belief in his stardom.

Paolo Banchero has agreed to the richest contract in Orlando Magic history. According to a person with knowledge of the agreement, his five-year extension is worth $239 million and could reach about $287 million should he become eligible for a supermax deal.

Paolo Banchero has agreed to sign a five-year maximum rookie contract extension with the Magic that could be worth as much as $287 million, ESPN’s Shams Charania reported Monday.