Chet Holmgren #7 of the Oklahoma City Thunder dunks the ball during the game against the Indiana Pacers during Game Seven of the 2025 NBA Finals on June 22, 2025 at Paycom Center in Oklahoma City, Oklahoma. Nathaniel S. Butler, NBAE via Getty Images/AFP
LOS ANGELES -- Oklahoma City Thunder star center Chet Holmgren has agreed to a five-year maximum rookie contract extension with the NBA champion franchise worth up to $250 million, US media reported Wednesday.
ESPN, citing Holmgren's agent Billy Duffy, first reported the deal, which will keep the 23-year-old big man in Oklahoma City through the 2030-31 season.
It's the second major extension the Thunder have agreed since capturing the NBA title last month with a seven-game victory over the Indiana Pacers in the Finals.
Shai Gilgeous-Alexander, the regular-season and NBA Finals most valuable player, has agreed a four-year extension worth a reported $285 million -- the richest per-year contract in NBA history.
READ: Gilgeous-Alexander agrees to record $285-M extension
Holmgren averaged 15 points, eight rebounds and 2.2 blocked shots in 32 games last season.
He missed three months with a broken pelvis, the second major injury of his career after a foot injury sidelined him for all of what would have been his rookie season in 2022-23.
After helping the Thunder power into the playoffs with a league-best 68 regular-season wins, the 7-foot, 1-inch (2.1m) defensive standout averaged 15.2 points, 8.7 rebounds and 1.9 blocks in the post-season.
He blocked 11 shots in the NBA Finals, including five in game seven.
Holmgren will make $13.7 million in the upcoming season, the final year of his $45 million rookie deal.
Having locked up his long-term services the Thunder are expected to turn their attention to working out an extension with Jalen Williams, who is scheduled to become a restricted free agent in 2026.
© Agence France-Presse