Mandatory Credit: Kyle Terada-Imagn Images

Chet Holmgren Signs Max Contract Extension with Oklahoma City Thunder

Holmgren is part of a cohesive and talented core that promises to compete for more titles in the coming years.

Mandatory Credit: Kyle Terada-Imagn Images

Chet Holmgren, the young star of the Oklahoma City Thunder and 2025 NBA champion, has signed a maximum contract extension with the franchise. The new deal, 100% guaranteed, will last five years and could reach an impressive US$ 250 million (around R$ 1.35 billion). The information was confirmed by his agent, Bill Duffy, to ESPN.

Even after missing three months of last season due to a hip injury, Holmgren returned before the All-Star Game. He was essential to the Thunder’s run to the title. Now, the Thunder are focused on securing a new contract with another young star. Jalen Williams is also currently negotiating an extension on his rookie contract.

Breaking: Oklahoma City Thunder star and NBA champion Chet Holmgren has agreed to a fully guaranteed five-year maximum rookie contract extension that could reach $250 million, agent Bill Duffy of WME Basketball told ESPN. pic.twitter.com/PsdxZq275C
— Shams Charania (@ShamsCharania) July 9, 2025

Also Read: How Much Do NBA Summer League Players Get Paid?

Holmgren Gets Reward for Helping the OKC Thunder to win NBA Championship this Year

Holmgren is part of a cohesive and talented core that promises to compete for more titles in the coming years. Despite battling two serious injuries—one to his foot that sidelined him for his entire rookie season, and another to his hip last November—the center demonstrated above-average maturity, technique, and defensive presence in 2025.

After returning to the court, Chet Holmgren averaged 15 points, 8 rebounds and 2.2 blocks per game. Overall, he shot 49% from the field and 37.9% from three. In the 23 playoff games, he led the NBA in plus-minus, with +169. In the Finals alone, he blocked 11 shots – five of them in the final Game 7, a record since 1974 in the playoff.

Drafted 2nd overall out of Gonzaga in 2022 and now NBA CHAMPION in Year 3… Chet Holmgren! pic.twitter.com/zKwJRjOb1I
— NBA (@NBA) June 23, 2025

The Oklahoma City Thunder made history as the second-youngest team to win an NBA title. To maintain this solid foundation, the front office has already secured Holmgren and also Shai Gilgeous-Alexander, who was named MVP of the season and Finals MVP. Shai recently signed a record four-year, $285 million extension in American sports, running through the 2030-31 season.

Recognized for his defensive instincts and presence in the paint, the 7-foot-1 center had the second-highest shot-blocking rate in the league and led the league in defensive efficiency against layups and dunks. According to ESPN data, no one was more effective at defending shots near the basket in the NBA Finals.

Finally, Chet Holmgren also joined a select group: alongside Victor Wembanyama and Kristaps Porzingis, he is one of the only players with at least 150 three-pointers and 250 blocks in his first two seasons.

Mandatory Credit: Kyle Terada-Imagn Images

Chet Holmgren

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A native of Jaipur, Rajasthan, journalist, and a complete soccer and basketball fan, he found the huge interest with basketball by watching videos of Allen Iverson and Tony Parker, but fell head over heels in love with the sport during the Warriors’ championship era (2015-2018). A sports game addict since his late PS1, he’s also passionate about the Eagles, Inter Miami and the Fever. He’s fortunate to have seen all his favorite teams win championships. He also has a special love for cricket and football (soccer), where he is a fan of Royal Challengers Bangalore and Barcelona.