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Oklahoma City Thunder Extend Chet Holmgren for $250M

7/9/2025

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Summary

Story summary

The Oklahoma City Thunder have locked in center Chet Holmgren with a stunning five-year, $250 million contract extension, keeping him on the team until the 2030-31 season. Overcoming injury challenges, Holmgren made a significant impact with an average of 16.5 points and 7.9 rebounds, contributing to the Thunder's triumphant NBA championship win. This deal follows Shai Gilgeous-Alexander's record-setting contract.

History

Historical Context

The NBA's salary cap rose to $94 million in 2016, enabling teams like the Oklahoma City Thunder to secure top talent. Following the Thunder's acquisition of the franchise in 2008, lucrative contracts for players like Chet Holmgren, who averaged 16.5 points and 7.9 rebounds, reflect a shift in the sports landscape, emphasizing the growing financial power and value of star athletes.

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Story summary

The Oklahoma City Thunder have locked in center Chet Holmgren with a stunning five-year, $250 million contract extension, keeping him on the team until the 2030-31 season. Overcoming injury challenges, Holmgren made a significant impact with an average of 16.5 points and 7.9 rebounds, contributing to the Thunder's triumphant NBA championship win. This deal follows Shai Gilgeous-Alexander's record-setting contract.

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