Orlando Magic Extend Jalen Suggs with 5-Year, $150.5 Million Contract

Orlando Magic guard Jalen Suggs has agreed to a significant contract extension with the franchise, marking a major commitment to one of their key young players. According to sources, Suggs has signed a five-year, $150.5 million rookie contract extension with the Magic.

Suggs, the 22-year-old shooting guard, was drafted by the Orlando Magic with the No. 5 overall pick in the 2021 NBA draft. He has shown considerable improvement over his three years in the league, particularly in his third season where he averaged 12.6 points, 2.7 assists, and 1.4 steals in 27 minutes per game. His field-goal percentage stood at 47.1%, and he shot 39.7% from three-point range, both career highs.

The contract extension was finalized ahead of the NBA’s 6 p.m. ET extension deadline on Monday, ensuring that Suggs will remain with the Magic long-term. This move follows another significant extension for the Magic, as Franz Wagner, also from the 2021 draft class, signed a five-year, $224 million extension earlier this summer.

Suggs’ impact on the team extends beyond his statistical contributions. He is praised for his energy and defensive prowess, having been named to the 2024 All-Defensive second team. Teammates and coaches alike have highlighted his contagious energy and emotional investment in the game.

The extension reflects the Magic’s strategy to lock up their homegrown talent while managing financial flexibility, a crucial aspect for smaller-market teams in the NBA. This deal ensures that Suggs will be a key part of the Magic’s roster as they aim for future success and potential NBA Finals aspirations.