Jalen Suggs, Magic reportedly agree to five-year, $150.5 million rookie contract extension

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In a league where high-quality 3&D perimeter players are at a premium, the Orlando Magic made sure to lock up one of the better young ones in the league.

Orlando and Jalen Suggs have agreed to a five-year, $150.5 million rookie extension, a story broken by Shams Charania of ESPN. That works out to about a $30.1 million a season average, which may seem eye-popping but in today’s NBA, with a fast-rising cap in the coming years thanks to the new television deal, is not out of line and will seem more reasonable as the seasons go on.

This signing is part of the Magic locking up their core. Earlier this summer the Magic reached an extension with Franz Wagner and have also locked up Wendell Carter Jr. and Jonatha Isaac. Paolo Banchero is the other core player the Magic need to take care of — he is unquestionably a max player — and is extension-eligible next summer…

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