Paolo Banchero to declare for NBA draft after one season with Duke Blue Devils

The best of Paolo Banchero's stellar season (2:35)

Check out the highlights from Duke's freshman sensation Paolo Banchero as he declares for the NBA draft. (2:35)

Duke's Paolo Banchero is leaping to the NBA after one season and is a contender to be the No. 1 draft pick.

Banchero announced his decision in a social media video Wednesday, with the school saying the freshman planned to hire an agent.

"It has always been a dream of mine to play at Duke, and it has always been a dream of mine to play in the NBA," Banchero said. "Duke has prepared me for that on and off the court. ... It has been a great journey and I'm blessed to be a part of The Brotherhood for life."

Banchero had been viewed as a likely one-and-done player even before he stepped foot on the Durham, North Carolina, campus from Seattle. Blessed with a strong frame, size and perimeter skills, Banchero went on to become a third-team All-America pick by The Associated Press and ranks No. 2 in ESPN's latest list of draft prospects.

The 6-foot-10, 250-pound player recently was projected as the No. 3 pick in the latest mock draft by ESPN's Jonathan Givony.

The headliner in a talented recruiting class, Banchero averaged 17.2 points and 7.8 rebounds, cracking the 20-point mark 15 times and failing to reach double figures only twice in 39 games. He helped Duke reach now-retired Hall of Famer Mike Krzyzewski's record 13th Final Four soon after the program won its first outright Atlantic Coast Conference regular-season title since 2006.

In a statement from the school, Krzyzewski said Banchero is "absolutely ready to attack the next phase" of his career.

"He is so dynamic, explosive and versatile -- a model player in today's NBA game. He did whatever we asked at a very high level," Krzyzewski said. "I loved having him and his family in our program and wish him all the best as his professional career begins."

Banchero also took advantage of opportunities for college athletes to cash in on their fame with endorsements, which began last summer when the NCAA permitted athletes to profit from use of their name, image and likeness.

In Banchero's case, he worked with Creative Artists Agency for marketing purposes and got deals that included becoming the first player featured in the latest NBA 2K video game as well as a basketball trading card from Panini as part of a multiyear deal.

Now he's off to make even more money in the NBA.

Banchero is the second Duke player to announce an early jump to the NBA, following 7-foot-1 sophomore Mark Williams two days earlier.

The Associated Press contributed to this report.