Particle.news

Download on the App Store

Thunder Secure Holmgren With Fully Guaranteed $250 Million Rookie Extension

Fully guaranteed through the 2030-31 season, the contract leaves Oklahoma City ready to begin rookie-scale extension talks with All-NBA forward Jalen Williams.

Image
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
Image

Overview

  • Chet Holmgren agreed to a five-year rookie-scale extension that guarantees $239 million and features performance escalators up to $250 million.
  • The fully guaranteed deal ties the 23-year-old center to the Thunder through the 2030-31 season without player or team options.
  • Holmgren returned from a midseason pelvic fracture and hip injury to start all 23 postseason games and help Oklahoma City win its first NBA championship.
  • The extension follows Shai Gilgeous-Alexander’s four-year, $285.4 million supermax pact signed on July 1.
  • With Holmgren and Gilgeous-Alexander locked in, the Thunder will now focus on securing a rookie extension for All-NBA forward Jalen Williams.