Two down, one to go. The Oklahoma City Thunder checked off another item on their busy offseason. They signed Chet Holmgren to a five-year, $250 million extension. There are some wrinkles in the deal, but the 23-year-old is under contract with the NBA champion through the 2030-31 season.

Thunder star Chet Holmgren has agreed to a fully guaranteed five-year maximum rookie contract extension that could reach $250 million, Bill Duffy of WME Basketball told ESPN on Wednesday morning.

ESPN’s Shams Charania recently reported that Oklahoma City Thunder star Chet Holmgren has agreed to a fully guaranteed five-year maximum rookie contract extension, which could total up to $250 million.

CHET HOLMGREN AND THE OKLAHOMA CITY THUNDER ... The Thunder grew from upstarts to champions in the blink of an eye. Now, their stars' bank accounts are growing, too. Chet Holmgren agreed to a fully guaranteed five-year maximum rookie extension worth up to $250 million.