The Orlando Magic have locked up one of their young core players for the foreseeable future by reportedly agreeing to a five-year, $224 million extension with forward Franz Wagner.

ESPN reports Wagner's new deal, which will begin during the 2025-26 season and runs through 2029-30, could be worth up to $269 million should he make an All-NBA team.

Wagner, the eighth overall pick of the 2021 draft, has been a mainstay in the Magic's starting lineup since his rookie season while quickly developing into a cornerstone two-way player. The 22-year-old has averaged 17.8 points, 4.6 rebounds, 3.4 assists and 0.96 steals while starting all 231 of his career games.

The native German set career highs in points (19.7), rebounds (5.3) and assists (3.7) per game this past season.

Wagner's emergence and the play of 2022 No. 1 overall pick Paolo Banchero were major factors towards the Magic winning 47 games in 2023-24, the franchise's highest win total in a season since 2010-11, and returning to the play-offs following a three-year absence.

The former University of Michigan star's new max contract comes just days after the Magic re-signed his older brother, Moritz, to a reported two-year, $22 million deal.

He's also the first Magic player to receive a maximum extension on his rookie contract since Dwight Howard in 2007, though Banchero is expected to join that group when he becomes eligible next summer.

Wagner's extension continues what has been a busy free agent period for Orlando. The Magic previously pried coveted veteran guard Kentavious Caldwell-Pope from the Denver Nuggets on a three-year, $66 million deal and gave forward Jonathan Isaac a five-year, $84 million extension.

Zion Williamson scored 10 of his 16 points in the first quarter and Brandon Ingram had 18 to lead the New Orleans Pelicans a 104-92 preseason victory over the Orlando Magic on Tuesday night.

Williamson finished the opening quarter with 10 points, four steals, two assists and a rebound and shot 6 of 8 in 16 minutes overall before exiting for good.

Franz Wagner led the Magic with 19 points and brother Moritz Wagner added 16. The brothers combined to shoot 15 of 21 while the rest of the team shot 20 of 63.

Elsewhere in the NBA, Jayson Tatum poured in 28 points with five of his team’s 23 3-pointers and Kristaps Porzingis had 20 points in the Boston Celtics’ 123-110 win over the New York Knicks.

Jaylen Brown scored 17 points for Boston, which connected on 23 of 52 from long range.

Quentin Grimes paced the Knicks with 22 points, including 7 of 12 on 3-pointers. 

In Oklahoma City, Josh Giddey scored 19 points and Chet Holmgren had 18 to propel the hot-shooting Thunder to a 124-101 win over the Milwaukee Bucks.

Giddey was 9 of 12 from the field and Holmgren was 7 of 8 as part of the Thunder’s 56.5 percent (48 of 85) shooting effort that included 18 of 39 from 3-point range.

Giannis Antetokounmpo had 18 points and 10 rebounds in 25 minutes, while Damian Lillard scored just five points on 2-of-11 shooting in his second game with Milwaukee.

The NBA has suspended 11 players from the scuffle during Wednesday's Detroit Pistons 121-101 win over the Orlando Magic.

The altercation occurred with 33.2 seconds left in the second quarter when Orlando's Moritz Wagner body checked Detroit guard Killian Hayes off the court and onto the Pistons bench.

The Pistons bench immediately stepped up to remonstrate with Wagner given their proximity before Hayes struck the Magic power forward in the back of the head with his forearm.

Wagner appeared to have been knocked out by the blow but was able to eventually walk away from the skirmish.

Hayes copped the longest suspension, a three-game ban without pay, while Wagner was banned for two games for an "unsportsmanlike act".

Eight Magic players - Cole Anthony, R.J. Hampton, Gary Harris, Kevon Harris, Admiral Schofield, Franz Wagner, Mo Bamba and Wendell Carter Jr. - all received one-game suspensions, having left their bench to join in the altercation. Pistons' shooting guard Hamidou Diallo also was banned for one game for pushing Wagner from behind as the altercation erupted.