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.

Holmgren, 23, averaged 15 points and eight rebounds in the regular season with the Thunder in 2024-25, but missed 50 games due to injury.

Thunder center Chet Holmgren has agreed to a maximum rookie contract extension for five years and up to $250 million, according an ESPN report Wednesday.