Paolo Banchero is not switching anywhere else. The Orlando Magic locked in their rookie forward with a five-year contract extension. As per ESPN, Shams Charania reports that the Magic signed him to a rookie extension that could reach $287 million.

The Orlando Magic said their recent decision to agree to a five-year, $239 million contract with All-Star forward Paolo Banchero reflected their "belief" in his talent and "desire to win at the highest level.

The Orlando Magic and star forward Paolo Banchero have reached an agreement on a five-year maximum rookie contract extension that could be worth up to $287 million, ESPN's Shams C