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.

Orlando has a history of drafting guys who can’t wait to be out of there, but that doesn’t seem to be the case with former Duke star Paolo Banchero as Banchero has signed an extension. And it’s a pretty good extension, too: he’s signed a five-year maximum rookie extension that could end up being worth as much as $287 million.

The Orlando Magic selected Paolo Banchero with the first overall pick in the 2022 NBA Draft out of Duke. Since then, Banchero has led Orlando to the playoffs twice while establishing himself as one of the top players in the league.