Adding Kyle Lowry, as confirmed by The Athletic's Tony Jones, leaves the 76ers $19.7 million from the second apron with 14 players signed. Restricted free agent Quentin Grimes is presumably left to fill the 15th roster spot.

Paolo Banchero has agreed to the richest contract in Orlando Magic history, a five-year extension that is worth $239 million and could reach about $287 million should he become eligible for a supermax deal, a person with knowledge of the agreement said Monday.

The Orlando Magic are locking up cornerstone player Paolo Banchero, agreeing to a five-year, $239 million maximum rookie extension with the star forward on Monday, his agent told ESPN.