Thunder Agree Five-Year $250M Max Extension with Chet Holmgren

Following their 2025 NBA Finals victory, the Oklahoma City Thunder have secured their young core by signing star center Chet Holmgren to a fully guaranteed five-year maximum rookie extension worth up to $250 million. Holmgren, the No. 2 overall pick in the 2022 NBA draft, overcame significant injuries that sidelined him for his entire rookie season and much of the 2024-25 campaign, yet he played a key role in the Thunder's championship run, averaging 15.2 points, 8.7 rebounds, and 1.9 blocks in the playoffs. This contract follows a record-setting four-year, $285 million extension for reigning MVP Shai Gilgeous-Alexander, highlighting the Thunder's commitment to their core players. Jalen Williams, another rising star, is expected to soon finalize his own rookie max extension, further solidifying the team's future. The Thunder's young core, led by perennial MVP candidate Gilgeous-Alexander, Holmgren, and Williams, positions Oklahoma City as a strong title contender for years to come. Holmgren's versatility and impact on the court have been praised by teammates and analysts alike, emphasizing the team's embrace of modern, positionless basketball.