Ranking the 5 best contracts on the Orlando Magic

The Orlando Magic have fallen under the radar in the Eastern Conference heading into the 2026-27 season. They didn't make a ton of moves -- with their most notable switch coming on the sidelines. Though they are still entering the new year with renewed health and plenty of talent in a wide open East.

Which players have the most valuable contracts? Let's examine!

5. Franz Wagner

Apr 25, 2026; Orlando, Florida, USA; Orlando Magic forward Franz Wagner (22) reacts after a basket against the Detroit Pistons in the fourth quarter during game three of the first round of the 2026 NBA Playoffs at Kia Center. Mandatory Credit: Nathan Ray Seebeck-Imagn Images | IMAGN IMAGES via Reuters Connect

2026-27 cap hit: $41.7 million
Years left on his contract beyond this season: 3

Skinny: Wagner almost didn't crack my top-5. The Magic don't have many valuable contracts. It was a three-way tie in my own head between Wagner, Penda -- who is on a bargain-bin rookie deal -- and Wendell Carter Jr. His health is a concern, as is his jumper (mechanics). But his upside is as tantalizing as any second-fiddle in the East, and I think his $186 million left could present a good return on investment if the 25-year-old takes another leap.

4. Jase Richardson

2026-27 cap hit: $3.1 million
Years left on his contract beyond this season: 2

Skinny: Sean Sweeney has a strong developmental track record, and Richardson will be his first big case study. The NBA isn't a small guards league, and Richardson, standing at 6-foot-1, hardly saw the floor because of that as a rookie, averaging just 4.4 points.

He's a good shotmaker and an improving shot creator, but his size -- or lack thereof -- will always be a question. Can Sweeney develop him into a consistent rotation player, and possible starter? Time will tell!

3. Desmond Bane

2026-27 cap hit: $39.4 million
Years left on his contract beyond this season: 2

Skinny: In a season that featured many inconsistencies, Bane was the Magic's most consistent (offensive) player. He has only two more years left on his contract beyond 2026-27, and won't make more than 24.6 percent of the cap. He would be the second-best player on several teams; the fact he's the Magic's third is a luxury, even though you can make the case he was the best last year.

2. Tristan da Silva

2026-27 cap hit: $4.0 million
Years left on his contract beyond this season:

Skinny: I remain quite high on da Silva. Sue me! da Silva's not flashy, but the 25-year-old forward impacts the game more than his box score (9.9 points, 3.7 rebounds) suggests. He's a good cutter, off-ball mover, rebounder and team defender. And he's one of the Magic's most efficient shooters. da Silva will be extension eligible next summer.

1. Anthony Black

2026-27 cap hit: $10.1 million
Years left on his contract beyond this season: 0

Skinny: Black, 23, was extension eligible this summer and remains without a new deal. If he's unsigned by opening night, he will enter restricted free agency next offseason. If the NBA has proven anything, restricted free agency is a farce; negotiations get strung out like a power cord, and teams' relationships with players usually begin to deterioate.

That said, Black's $10.1 million cap hit is still the Magic's most valuable heading into the new season. The fourth-year guard took a major leap last year, and appears to only be scratching the surface as a shot creator and defender. Growth isn't always linear, but it's quite difficult to be discouraged by what we saw from him, shooting notwitstanding.

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