The Oklahoma City Thunder and center Chet Holmgren agreed to a five-year contract extension, Holmgren’s agent Bill Duffy confirmed the deal.
Holmgren, 23, averaged 15 points, eight rebounds, and two assists in 32 games for the NBA champions after missing time when he broke his pelvis in November. Holmgren was the second pick in the 2022 NBA Draft out of Gonzaga, and his rookie campaign was wiped out after a right foot injury. When he did see the court in the 2023-24 season, he averaged 16.5 points, 7.9 rebounds, 2.4 assists, and 2.3 blocks per game, finishing second in the Rookie of the Year voting.
The Thunder have been busy this offseason after winning the NBA title in seven games over the Indiana Pacers. The team signed star guard and NBA MVP Shai Gilgeous-Alexander to a four-year, $285 million contract extension, with an annual average of $71.25 million per season being the highest in NBA history. Jalen Williams, a third-team All-NBA selection, is next to earn a big pay day and is scheduled to become a restricted free agent in 2026.
The 2025-26 season is the final year of Holmgren’s four-year, $45 million rookie deal. He was set to make $13.7 million under a club option for the fourth year.