The Oklahoma City Thunder have officially signed rising star Chet Holmgren to a five-year rookie max extension, potentially worth up to $250 million, according to his agent. The deal is fully guaranteed and solidifies Holmgren as a foundational piece of the franchise after his breakout 2024–25 season, which played a crucial role in the Thunder’s run to the NBA championship.
Holmgren, who missed his initial rookie year due to injury, made an immediate impact this past season with his shot-blocking, scoring versatility, and strong postseason presence. His development alongside All-Star guard Shai Gilgeous-Alexander has been central to Oklahoma City’s rapid ascent to title contention.
This extension comes on the heels of Gilgeous-Alexander’s own four-year, $285 million supermax deal signed earlier in the week. With Holmgren now secured through the next five seasons, the Thunder are reportedly turning their focus to a potential extension for Jalen Williams as they aim to keep their young, talented core intact for years to come.
