US EditionChet Holmgren and Oklahoma City Thunder Agree on a 5-Year Contract Extension, AP Source Says
OKLAHOMA COUNTY, OKLAHOMA, JUL 9 – Holmgren's five-year extension with the Thunder is fully guaranteed and could total $250 million, securing a key player from the youngest NBA title-winning team since 1977.
- The Oklahoma City Thunder won the NBA championship on June 22, 2025, defeating the Indiana Pacers in a seven-game series in Oklahoma City.
- The Thunder's success followed a season marked by injuries to key player Chet Holmgren, who missed most of the season due to a hip fracture but returned for the playoffs.
- Holmgren played 32 regular-season games averaging 15 points and 2.2 blocks per game, and all 23 playoff games, while the team led the NBA in defensive rating, field goal defense, and opponent turnovers.
- Holmgren agreed to a fully guaranteed five-year contract extension reportedly worth nearly $240 million, potentially rising to $250 million through escalators, shortly after the Thunder secured a four-year, $285 million extension for Shai Gilgeous-Alexander.
- These contract extensions lock in the Thunder's core as they aim to repeat their championship, maintaining the youngest title-winning team since 1977 and keeping all playoff contributors under contract next season.
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Daily Journal
Thunder's Holmgren agrees to contract extension worth up to $250 mn: reports
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.
Chet Holmgren agrees to a 5-year, $240M extension with NBA champion Oklahoma City Thunder
Chet Holmgren has agreed to a five-year contract extension worth nearly $240 million to remain with the NBA champion Oklahoma City Thunder, a person with knowledge of the deal said Wednesday. The person spoke to The Associated Press on condition of anonymity because the signing has not been announced. ESPN, which first reported the deal, citing agent Bill Duffy, said it eventually could be worth $250 million because of various contract escalator…
Associated Press News
Chet Holmgren and Oklahoma City Thunder agree on a 5-year contract extension, AP source says
Chet Holmgren has agreed on a five-year contract extension worth nearly $240 million to remain with the NBA champion Oklahoma City Thunder, according to a person with knowledge of the deal.
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