The top picks from the 2022 NBA Draft are securing significant financial commitments from their teams, reflecting their impact on the court. The Orlando Magic has announced a substantial five-year, $239 million contract extension for Paolo Banchero, the first overall pick in the 2022 NBA Draft. This deal could escalate to $287 million if Banchero qualifies for a supermax contract, underscoring his value to the team. Banchero, who was named Rookie of the Year for the 2022-2023 season, has shown remarkable improvement over his three seasons in the league. In his rookie year, he played 72 games, averaging 20 points, nearly seven rebounds, and 3.7 assists per game. His performance continued to rise in subsequent seasons, earning him an All-Star selection.

Chet Holmgren, selected second overall by the Oklahoma City Thunder, has also secured a five-year maximum rookie contract extension potentially worth up to $250 million. Despite missing his entire rookie season due to a ligament tear in his foot, Holmgren made a strong comeback, playing all 82 games in his second season and contributing significantly to the Thunder’s success. His defensive prowess is highlighted by his impressive plus-minus rating during the playoffs, where he played a pivotal role in leading the Thunder to victory over the Indiana Pacers in the NBA Finals.

Jabari Smith Jr., the third overall pick in the draft, is set to sign a five-year, $122 million rookie contract extension with the Houston Rockets. Smith has been instrumental in helping the Rockets secure the No. 2 seed in the Western Conference this season. Over his three seasons, Smith has averaged 13 points and 7.5 rebounds per game. The Rockets have resisted trade offers for Smith, including those involving high-profile players like Kevin Durant, indicating their commitment to building around their young core.

These extensions reflect not only the individual talents of Banchero, Holmgren, and Smith but also their critical roles in their respective teams’ strategies for future success. As these young stars continue to develop and contribute at high levels, they are poised to become central figures in their franchises’ quests for championships.