Chet Holmgren Signs Lucrative Contract Extension with Thunder

Chet Holmgren has agreed to a fully guaranteed five-year maximum rookie contract extension with the Oklahoma City Thunder. The contract could reach $250 million, according to agent Bill Duffy of WME Basketball. Holmgren, the 2025 NBA champion, returned from a hip injury in February to help lead the Thunder to the title. The Thunder are now focusing on extending Jalen Williams, an All-NBA superstar.

The Thunder, the second-youngest team to win a championship, have secured long-term extensions for Holmgren and league MVP Shai Gilgeous-Alexander. Gilgeous-Alexander recently signed a $285 million extension through the 2030-31 season. Holmgren, aged 23, is part of a young Thunder core aiming for continued success in the NBA.

Selected second overall in the 2022 draft, Holmgren overcame injuries to contribute significantly to the Thunder's championship run. His defensive prowess, shot-blocking ability, and offensive skills have been key to the team's success. Holmgren's performance in the 2025 postseason was particularly impressive, with standout statistics in shot contests and field goal percentages.

Known for his elite instincts and defensive skills, Holmgren's impact on the court has been substantial. His shot-blocking abilities and offensive contributions have set him apart as a valuable asset for the Thunder. With a promising future ahead, Holmgren is poised to continue making significant contributions to the team's success.