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Devin Booker's Historic $145M Extension Shows Suns Haven't Learned Their Lesson

MARICOPA COUNTY, ARIZONA, JUL 10 – The Suns committed $145 million over two years to retain Booker despite a 36-46 season and salary cap issues limiting roster improvements, analysts say.

  • The Phoenix Suns signed Devin Booker to a two-year, $145 million extension on Wednesday night, setting the highest annual salary in NBA history.
  • The extension follows Booker’s existing four-year, $220.4 million deal signed in July 2022 and occurs amid the Suns’ disappointing 2024-25 season and recent roster overhaul.
  • The Suns fired coach Mike Budenholzer in April, traded Kevin Durant in a seven-team deal, acquired rookies like Khaman Maluach, and named Jordan Ott head coach in June.
  • Booker, a four-time All-Star and the Suns' all-time leading scorer, will earn an average $72.5 million annually and is viewed by owner Mat Ishbia as the team's future cornerstone.
  • The extension secures Booker through the 2029-30 season but raises doubts about trade flexibility and long-term team success given his status as a great yet not top-five star.
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With this record renewal, the franchise reinforces its commitment to build in the long term around Booker

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Booker agrees to record $145 mn extension with Suns: reports

Devin Booker has agreed to a two-year, $145 million contract extension with the Phoenix Suns that will pay the star guard a record annual extension salary of $72.5 million, ESPN reported.

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Sportskeeda broke the news in on Thursday, July 10, 2025.
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