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Chet Holmgren Signs Fully Guaranteed Five-Year Extension With Thunder

The extension guarantees $239 million with performance escalators up to $250 million following Shai Gilgeous-Alexander’s recent record deal.

Jun 13, 2025; Indianapolis, Indiana, USA; Oklahoma City Thunder forward Chet Holmgren (7) dribbles the ball against the Indiana Pacers during the first half during game four of the 2025 NBA Finals at Gainbridge Fieldhouse. Mandatory Credit: Kyle Terada-Imagn Images/File Photo
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Overview

  • The deal locks Holmgren in for five seasons with $239 million guaranteed and escalators that could raise the total to $250 million.
  • Holmgren overcame a rookie ligament tear and a November pelvis fracture to return in February and contribute to the Thunder’s 2025 NBA title.
  • He led Oklahoma City’s defense during the Finals with 11 blocks including five in Game 7, the most in a deciding Finals game since 1974.
  • The new extension follows Shai Gilgeous-Alexander’s four-year, $285 million maximum deal signed on July 1.
  • Oklahoma City will turn next to rookie-extension negotiations with All-NBA guard Jalen Williams.