Wendell Carter Jr. has signed a three-year, $58.7MM contract extension with the Magic, Shams Charania of ESPN tweets. The Magic confirmed the signing in a press release.
Carter is entering his third year of a four-year, $50MM contract that was front-loaded. The new deal will begin in 2026 and will keep him under contract through the 2028/29 season.
According to ESPN’s Bobby Marks, Carter will make approximately $18.1MM in 2026/27, $19.6MM in 2027/28 and $21MM in 2028/29 (Twitter link).
It’s the most money Carter could have received for a three-year extension — his 2025/26 salary is below the estimated average salary, so he was eligible for up to 140% of the average. Given the rising salary cap, Carter’s salary is a reasonable cost for a starting center.
The Magic now have both of their top big men under long-term deals. Franz Wagner signed a five-year, maximum-salary extension in July. By signing the extension at this time, Carter will be ineligible to be traded this season due to extend-and-trade rules.
This is Carter’s seventh NBA season, but he’s still just 25. He has averaged 12.5 points and 8.5 points in 27.6 minutes through 315 regular-season games. Carter has battled a variety of injuries throughout his career — he’s never appeared in more than 62 games in a season.
Carter played 55 times last season (48 starts), averaging 11.0 points and 6.9 rebounds in 25.6 minutes. He also made his playoff debut earlier this year, averaging 7.6 points and 6.3 rebounds in 26.4 minutes over seven games.
Carter underwent surgery on his left hand after the postseason. The preventive procedure involved inserting a plate at the site of a fracture on Carter’s hand. He suffered the fracture in early November and had it surgically repaired at the time. He also missed some games last season due to right knee inflammation.
As our extension tracker shows, Carter’s contract is essentially identical to those signed in recent months by Pacers guard Andrew Nembhard and Clippers center Ivica Zubac, though Carter’s will begin a year later.