Chet Holmgren agrees to maximum extension with OKC Thunder

Chet Holmgren has agreed to a fully guaranteed five-year maximum rookie contract extension with the Oklahoma City Thunder, according to reports.

According to ESPN Senior NBA Insider Shams Charania, the Thunder star and NBA champion's new contract could reach upwards of $250 million.

Holmgren, drafted by the Thunder in 2022, missed the entirety of his rookie season due to a foot injury.

In the 2024-25 season, Holgren suffered another injury, this time due to an iliac wing fracture in his hip after falling during the team's Nov. 10 matchup against the Golden State Warriors.

After returning the the team's starting lineup, Holmgren helped lead the team to its first NBA title, defeating the Indiana Pacers and setting a record for most blocks (5) in an NBA Finals Game 7.

Thunder offseason moves/news in Summer 2025:

1. June 24 - Thunder celebrates NBA Championship with parade
2. June 28 - Thunder trades forward Dillon Jones and a second-round pick to the Wizards for Colby Jones, who was released.
3. June 29 - Re-signs forward Jaylin Williams to a veteran extension
4. July 1 - Signs MVP guard Shai Gilgeous-Alexander to a four-year, $285 million supermax contract extension through the 2030-31 season.
5. July 3 - Signed rookie guard Brooks Barnhizer to a two-way contract, Signed center Thomas Sorber to a rookie scale contract
6. July 6 - Re-signed guard Ajay Mitchell to a contract extension
7. July 8 - Re-signed forward Branden Carlson to a new two-way NBA contract
8. July 9 - Signs forward/center Chet Holmgren to fully guaranteed five-year rookie maximum contract extension worth upwards of $250 million | Thunder's SGA is revealed as the cover athlete for NBA2K26
9. July 10 - Signs forward Jalen Williams to five-year maximum rookie contract extension