Home / Sports / Chet Holmgren Signs $250M Deal, Thunder Lock Down Future
Chet Holmgren Signs $250M Deal, Thunder Lock Down Future
11 Dec
Summary
- Chet Holmgren received a five-year, $250 million extension from the Oklahoma City Thunder.
- The deal secures the young core alongside Gilgeous-Alexander and Jalen Williams after their championship win.
- Holmgren's contract is fully guaranteed, reflecting his crucial contributions and potential.
The Oklahoma City Thunder have made a significant move to secure their future by signing Chet Holmgren to a five-year, $250 million contract extension. This substantial deal, announced in July 2025, underscores Holmgren's importance to the team and solidifies the young core that recently clinched an NBA championship. The contract's full guarantee reflects his crucial contributions during the playoff run and his vast potential.
This extension ensures Holmgren will remain a cornerstone alongside star guard Shai Gilgeous-Alexander and emerging talent Jalen Williams for years to come. Holmgren, a four-year veteran, now qualifies for a deal that could reach 25% of the salary cap with annual raises. His performance, averaging 15.2 points, 8.7 rebounds, and significant defensive contributions during the postseason, was instrumental in their championship success.
Despite facing injury setbacks in previous seasons, Holmgren's resilience and impact were evident throughout their championship journey. General Manager Sam Presti highlighted the team's ability to overcome adversity, with Holmgren being a prime example of players adapting and contributing selflessly. This move positions the Thunder to build a potential dynasty centered around their promising young players.
