Chet Holmgren has agreed on a five-year contract extension worth nearly $240 million to remain with the NBA champion Oklahoma City Thunder, per multiple reports. ESPN, which first reported the deal, citing agent Bill Duffy, said it could eventually be worth $250 million because of various contract escalators.

It is a good summer to be the Oklahoma City Thunder. After winning the 2025 NBA championship over the Indiana Pacers, the time to invest in this core has come. The stars in Oklahoma City are getting their due.