Paolo Banchero Net Worth, Salary, Contract
Paolo Banchero is an American professional basketball player for the Orlando Magic of the National Basketball Association (NBA). He was ranked among the top 50 eighth-graders nationally in both basketball and football.
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On March 15, 2022, Paolo Banchero was named a third-team All-American. He shined during the 2022 NCAA tournament, including a standout performance where he dropped 22 points against Texas Tech. As a freshman, he put up solid numbers, averaging 17.2 points, 7.8 rebounds, and 3.2 assists per game. Then, on April 20, 2022, he officially declared for the NBA draft, choosing to forgo the rest of his college eligibility.
Paolo Banchero's Net Worth
As of 2025, Paolo Banchero’s net worth is estimated to be around $2 million. His source of earning mainly came from his Successful NBA career.
| Name | Paolo Banchero |
|---|---|
| Net Worth (2025) | $2 million |
| Current Contract | 4-year, $50.16 million (signed in 2022) |
| 2024–25 Salary | $12,160,800 |
| 2025–26 Salary | $15,334,769 |
| Potential Rookie Extension (2026–27) | Up to $215 million over 5 years |
| Projected First-Year Salary (2026–27) | $37.07 million |
| Major Endorsements | Nike's Jordan Brand, 2K Sports, Philips Norelco, JD Sports US |
Paolo Banchero's Contract and Salary
Paolo Banchero, the rising star of the Orlando Magic, signed a four-year, $50.16 million rookie contract in July 2022, securing an average annual salary of about $12.54 million. For the 2024–2025 season, he’s set to make $12,160,800.
His contract includes team options for both the 2024–2025 and 2025–2026 seasons, and the Magic have already exercised both. That means his salary will jump to $15,334,769 for the 2025–2026 season.
Looking ahead, if Banchero keeps performing at a high level, he’ll be in line for a massive payday. He’ll be eligible for a rookie extension that could be worth up to $215 million over five years, starting in the 2026–2027 season, with a projected first-year salary of $37.07 million.
Paolo Banchero Endorsements
Paolo Banchero has landed some big endorsement deals since joining the NBA. In 2022, he signed a multi-year deal with Nike's Jordan Brand, putting him alongside some of the game's elite athletes.
Even before turning pro, Banchero made history as the first college player to appear in an NBA video game, thanks to a deal with 2K Sports.
Beyond that, he’s partnered with brands like Philips Norelco and JD Sports US, continuing to build an impressive endorsement portfolio.
Professional Career
Banchero attended O'Dea High School in Seattle, where he quickly made a name for himself. With his size, skill, and versatility, he dominated the high school circuit, earning multiple accolades along the way. He was named a McDonald's All-American and widely regarded as one of the top players in the 2021 recruiting class.
In the 2021–22 season, Banchero suited up for the Duke Blue Devils and made an immediate impact. As a freshman, he put up impressive numbers—17.2 points, 7.8 rebounds, and 3.2 assists per game—earning him the ACC Rookie of the Year award. His standout performances led to national recognition, including a third-team All-American selection on March 15, 2022.
During the 2022 NCAA Tournament, Banchero shined on the biggest stage, dropping 22 points against Texas Tech and helping Duke reach the Final Four. Following the season, he declared for the 2022 NBA Draft, opting to take his talents to the next level.
Banchero was selected first overall in the 2022 NBA Draft by the Orlando Magic, and he wasted no time proving why. He had a stellar rookie season, which earned him the NBA Rookie of the Year award.
In his sophomore season (2023–24), Banchero took another leap forward, averaging 23.0 points, 7.0 rebounds, and 4.8 assists per game, earning his first NBA All-Star selection. His most dominant performance came on October 28, 2024, when he exploded for a career-high 50 points against the Indiana Pacers.
Although eligible to play for Italy due to his father’s heritage, Banchero ultimately committed to representing Team USA. He has expressed interest in playing for the national team in the 2028 Olympics in Los Angeles.
Unfortunately, in November 2024, Banchero suffered a right oblique muscle tear in a game against the Chicago Bulls, forcing him to be sidelined indefinitely. This was a tough blow for both him and the Magic, who had high hopes for the season.Despite the injury, Banchero’s rapid rise and undeniable talent have solidified his status as one of the NBA’s brightest young stars. His future remains incredibly promising.
