Franz Wagner Gets Massive NBA Deal

Former Michigan basketball star landed a massive NBA deal on Friday afternoon. According to NBA insider Adrian Wojnarowski, Wagner inked a new five-year $224 million deal with the Orlando Magic. The deal, with incentives, could reach as high as $269 million. Wagner was selected eighth overall by the Magic in the 2021 NBA Draft.
Wagner played two seasons in Ann Arbor before entering the draft. The German native was a big part of the Wolverines averaging over 30 minutes a game and he averaged 12 points per game during his two-year Michigan career.
ESPN Sources: Orlando Magic forward Franz Wagner has agreed on a five-year, $224 million maximum rookie contract extension – a deal that could become worth as much as $269 million. pic.twitter.com/uWrTFV6hrm
— Adrian Wojnarowski (@wojespn) July 5, 2024
Wagner continued to get better and better with Orlando. This past year, Wagner averaged 19.7 points, 5.3 rebounds, but shot just 28% from 3 -- the worst of his career. The 3-point shooting didn't bother the Magic after giving him a huge contract extension. Wagner will stay in Orlando and play alongside his brother Mo Wagner who also signed a two-year extension with the Magic.
At just 22 years of age, the Magic plan on building around Wagner for years to come and making him a cornerstone of the organization.

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Trent began writing and covering Michigan athletics back in 2020. He became a credentialed member of the media in 2021. Trent began writing with Sports Illustrated in 2023 and became the Managing Editor for Michigan Wolverines On SI during the 2025 football season. Trent also serves as the Publisher of Baylor Bears on SI. His other bylines have appeared on Maryland on SI, Wisconsin on SI, and across the USA TODAY Sports network. Trent’s love of sports and being able to tell stories to fans is what made him get into writing.
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