Chet Holmgren and the NBA champion Oklahoma City Thunder agreed to a five-year rookie-maximum contract extension worth up to $250m, ESPN reported on Wednesday.

The contract is fully guaranteed and comes on the heels of Oklahoma City’s landmark contract with NBA MVP Shai Gilgeous-Alexander, who agreed to a four-year, $285.4m super maximum contract extension through 2031 to become the league’s highest-paid player at more than $71m per season.

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The 7-foot-1-inch (2.16m) Holmgren, 23, has been impactful when he’s on the court. Injuries limited him to 32 regular-season games after a hip injury last season. He also missed his rookie season with a foot injury.

With career averages of 16.1 points and 7.9 rebounds per game, Holmgren proved to be a critical piece for the team’s run to a title in 2025. He had eight double-double performances in 23 postseason games in 2025.

The second overall selection in the 2022 draft, Holmgren entered the NBA alongside Jalen Williams, the number 12 pick that year. Williams is also eligible for the rookie supermax extension. He’s entering the final season of a four-year rookie deal with a $6.6m base salary in 2025-26.

He’s also just the third player in history to make 150 three-pointers and 250 blocks through the first two NBA seasons.