ORLANDO, FL - OCTOBER 4: Jalen Suggs #4 of the Orlando Magic smiles during the Orlando Magic All-Access Practice on October 4, 2024 at AdventHealth Training Center in Orlando, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2024 NBAE (Photo by Fernando Medina/NBAE via Getty Images)Fernando Medina/NBAE via Getty Images

NBA Rumors: Magic's Jalen Suggs Seeks $30M AAV Contract Extension

Taylyn HadleyOct 20, 2024

Jalen Suggs, shooting guard for the Orlando Magic, is reportedly seeking an average annual value of at least $30 million for a contract extension, according to NBA insider Marc Stein.

Suggs, the former No. 5 overall pick out of Gonzaga, was drafted by Orlando in 2021 and is currently under a four-year, $29.96 million contract with the team.

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The NBA is approaching its 15-man roster deadline for the 2024-25 season on Monday.

Suggs is set to become a restricted free agent at the end of the upcoming season and the Magic's decision regarding his contract extension could significantly impact his choices during the offseason.

The 23-year-old averaged 12.6 points, 3.1 rebounds and 2.7 assists last season for Orlando while shooting 40 percent from beyond the arc. The Magic finished the 2023-24 season with a 47-35 record, earning a playoff berth for the first time since the 2019-20 campaign before falling to the Cleveland Cavaliers in the first round.

Orlando and Suggs will kick off their season on Wednesday against the Miami Heat on the road.