Oklahoma City Thunder star and 2025 NBA champion Chet Holmgren has agreed to a fully guaranteed five-year maximum rookie contract extension that could reach $250 million, agent Bill Duffy of WME Basketball told ESPN on Wednesday morning.
After missing three months during the season because of a hip injury, Holmgren returned in February and came back stronger to help lead the Thunder and its young core to the NBA title. Oklahoma City officials will now move toward locking in All-NBA superstar Jalen Williams, who has momentum in his rookie extension talks.
The second-youngest team in NBA history to win a championship, the Thunder have now locked in Holmgren and league MVP and Finals MVP Shai Gilgeous-Alexander to long-term maximum extensions. On Tuesday, Gilgeous-Alexander signed a four-year, $285 million contract extension through the 2030-31 season.
Holmgren, 23, is part of a tight-knit Thunder core set to play with each other and contend for an NBA championship for several years to come.
The second overall selection in the 2022 draft, Holmgren suffered the second major injury of his NBA career after he broke his pelvis in early November. He also missed the entirety of his rookie season due to a ligament tear in his right foot.
Holmgren returned from the pelvis injury shortly before the All-Star break in February and finished the season averaging 15 points, eight rebounds and 2.2 blocks while shooting 49% from the field and 37.9% from 3-point range. He went on to play in all 23 games during Oklahoma City's title run, and his plus-169 plus-minus was the best mark of any player in the 2025 postseason, according to ESPN Research.
A lanky, 7-foot-1 center known for elite instincts and winning attributes, Holmgren is a key
Read more on espn.com
espn.com
