Franz Wagner sign largest contract in Orlando Magic history


Orlando Magic forward Franz Wagner (22) makes a move against Cleveland Cavaliers guard Darius Garland, right, during the first half of Game 4 of an NBA basketball first-round playoff series, Saturday, April 27, 2024, in Orlando, Fla. (AP Photo/John Raoux)

Franz Wagner has agreed to the largest contract in Orlando Magic history, a five-year extension that will be worth at least $224 million, a person with knowledge of the negotiations told The Associated Press on Friday.

The contract value could reach $270 million if he becomes supermax eligible, said the person who spoke on condition of anonymity because the agreement cannot yet be announced.

The NBA offseason moratorium on such moves gets lifted Saturday.

READ: NBA: Jonathan Isaac agrees to $84 million deal with Magic

Wagner has averaged 17.8 points in his three seasons with the Magic. He averaged 15.2 points as a rookie before climbing to 18.6 and 19.7 over the last two seasons, respectively.

The 22-year-old forward who helped Germany win the World Cup last summer and is slated to play at the Paris Olympics starting later this month has teamed with Paolo Banchero to give the Magic one of the league’s top young frontcourts.

Wagner, who played at Michigan, has started all 231 of his appearances with the Magic, a team coming off a Southeast Division title and the franchise’s first playoff berth in four years. Orlando pushed Cleveland to a seven-game series before losing in the first round.

Wagner’s extension begins with the 2025-26 season.



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Jonathan Isaac agrees to $84 million deal with Magic


FILE -Orlando Magic forward Jonathan Isaac, right, goes to the basket as he is defended by Sacramento Kings center Alex Len, middle and Sacramento Kings guard Keon Ellis, left, during the second half of an NBA basketball game, Saturday, March 23, 2024, in Orlando, Fla. Jonathan Isaac has agreed to an $84 million deal that will keep him with Orlando for five more seasons, a person with knowledge of the negotiations said Tuesday, July 2, 2024. (AP Photo/Kevin Kolczynski, File)

Jonathan Isaac has agreed to an $84 million deal that will keep him with Orlando for five more NBA seasons, a person with knowledge of the negotiations said Tuesday.

Isaac agreed to a renegotiation of the last year of his current deal along with an extension, said the person, who spoke to The Associated Press on the condition of anonymity because the new contract cannot be finalized before the league’s offseason moratorium is lifted Saturday.

ESPN first reported the agreement between Isaac and the Magic.

It’s yet another success story for Isaac, whose career seemed in jeopardy a few years ago because of injuries that kept him sidelined for 2 1/2 years.

READ: NBA: Paul George will leave Clippers, Kentavious Caldwell-Pope to Magic

The No. 6 pick in the 2017 draft by the Magic hurt his left knee on Jan. 1, 2020, in a game at Washington. He returned and played two games in the pandemic bubble seven months later but blew out his left ACL in the second of those appearances. Isaac had other setbacks along the way in recovery — including a right hamstring injury that required surgery — and saw his 2022-23 season end early because of an adductor injury.

But this past season was a bounceback in many ways.

He averaged 6.8 points on 51% shooting, played in 58 games — 13 more than he played in the previous four seasons combined — and helped the Magic win the Southeast Division and return to the playoffs. Orlando coach Jamahl Mosley repeatedly credited Isaac for his defensive prowess.

“Elite, elite, elite defender,” Mosley said late in the season.



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Paul George will leave Clippers, Caldwell-Pope to Magic


Los Angeles Clippers’ Paul George works against the Dallas Mavericks in Game 2 of an NBA basketball first-round playoff series in Dallas, Friday, April 26, 2024. (AP Photo/Tony Gutierrez)

Paul George is leaving the Los Angeles Clippers, his now-former team announced Sunday night, with all signs pointing to the nine-time NBA All-Star perhaps returning to the Eastern Conference and joining the Philadelphia 76ers.

George could command more than $200 million over four years if his next contract is for max value.

“Paul has informed us that he is signing his next contract with another team,” the Clippers said in a release Sunday night.

READ: NBA: Clippers sign coach Tyronn Lue to new long-term deal

The team added, “We negotiated for months with Paul and his representative on a contract that would make sense for both sides, and we were left far apart. The gap was significant. We understand and respect Paul’s decision to look elsewhere for his next contract.”

George had a $48.8 million option for this coming season but did not exercise it, entering free agency — which opened Sunday night — instead. It was believed there was a chance that George and the Clippers could have still gotten something done, but the team made clear that those hopes are gone.

“We will miss Paul,” the Clippers said.

At 34, George is still elite — averaging 22.6 points this past season, the ninth consecutive season in which he has averaged at least 20 points per game.

Meanwhile, James Harden is staying with the Clippers on a two-year contract that includes a player option, a person with knowledge of that decision told The Associated Press earlier Sunday.

READ: James Harden set to stay with Clippers as NBA free agency opens

Harden’s deal — which could be worth up to $70 million if he opts into 2025-26 — was agreed upon in principle before free agency technically started, said the person who spoke to AP on condition of anonymity because neither Harden nor the Clippers had announced the agreement.

Harden, a 10-time NBA All-Star, averaged 16.6 points and 8.5 assists last season for the Clippers, who will move into their new Intuit Dome home when this coming season starts.

Elsewhere, veteran guard Chris Paul is going to team up with rookie of the year Victor Wembanyama in San Antonio on a one-year deal, a person with knowledge of that agreement said.

Paul was waived earlier Sunday by the Golden State Warriors, who would have had to pay him $30 million for the coming season otherwise. ESPN reported the Spurs will pay Paul around $11 million. The 39-year-old Paul averaged 9.2 points and 6.8 assists in 58 games with the Warriors last season.

READ: NBA: Chris Paul joining Victor Wembanyana at Spurs

And Kentavious Caldwell-Pope is going to bring his championship experience to the Orlando Magic, a team that made a big jump this past season and now is trying to become an even stronger contender in the East.

Caldwell-Pope — a two-time champion guard — was finalizing a three-year, $66 million deal with the Magic, a person with knowledge of the decision said. The person spoke on condition of anonymity to AP because the deal cannot be finalized until the league’s offseason moratorium is lifted on July 6.

It’s a big get for the rising Magic, who won 47 games — their most in 13 years — and got back to the playoffs this past season. Caldwell-Pope was part of title-winning teams with the Los Angeles Lakers in 2020 and the Denver Nuggets in 2023. He averaged 10.1 points for the Nuggets this past season while shooting nearly 41% from 3-point range.

In other moves Sunday:

— Kevin Love was completing a new two-year contract with the Miami Heat worth about $8 million, a person with knowledge of that deal told AP, the move coming one day after he did not opt into what would have been a $4 million contract for this coming season with the club. Love had said repeatedly last season that he has no intentions of leaving Miami.

— Andre Drummond agreed to a two-year contract worth about $10 million (the second year as an option) to join the Philadelphia 76ers, a team that he appeared in 49 games for during the 2021-22 season. Drummond spent the last two seasons in Chicago — he averaged 8.4 points and 9.0 rebounds this past season in only 17 minutes per game — and would be valuable insurance alongside Joel Embiid in the 76ers’ big-man rotation. “I’m in the mood for a Philly cheesesteak,” Drummond posted on social media.

— Obi Toppin is being rewarded nicely for his strong first season with Indiana. A person with knowledge of the agreement said he and the Pacers were finalizing a four-year deal worth nearly $60 million. Toppin averaged a career-best 10.3 points last season, his first with Indiana after three years in New York.

— Promising wing Max Christie is returning to the Los Angeles Lakers with a four-year, $32 million contract, a person with knowledge of the deal told AP. The 21-year-old Christie averaged 3.8 points, 2.0 rebounds and 0.8 assists during his first two NBA seasons.



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— The NBA set the salary cap at at $140.588 million for the 2024-25 season, down slightly — about $400,000 or so — from what teams had been told to expect. The tax level was set at $170.814 million, the first apron level will be $178.132 million, the second apron level will be $188.931 million, the non-taxpayer mid-level is $12.822 million, the taxpayer mid-level is $5.168 million, and the room mid-level is $7.983 million.