Phoenix Suns Insider Backtracks Devin Booker Contract Report

Phoenix Suns star Devin Booker is reportedly close to signing a record-breaking contract extension with the team. While an initial report by The Arizona Republic's Duane Rankin announcing the signing was removed, Booker is eligible for a two-year, $150 million extension starting July 6. Currently in the second year of a four-year, $220 million deal, this extension would add two years beginning in the 2028-29 season.

This new contract would make Booker the highest-paid player in NBA history on a per-year basis, averaging $75 million annually starting in 2028. It confirms the long-term commitment between Booker and the Suns, keeping him under contract through 2030, when he will be 33 years old.

Booker, drafted by Phoenix in 2015, has established himself as arguably the franchise's best player. He became the Suns' all-time leading scorer on February 3rd, finishing the season nearly 800 points ahead of the previous record holder, Walter Davis. His accolades include four All-Star selections and helping Team USA win Olympic gold medals in 2021 and 2024. He is also active in the Phoenix community through his Starting 5 foundation.

Booker has experienced the team's lows early in his career, led them to the 2021 Finals, and helped make Phoenix an attractive destination, leading to acquisitions like Kevin Durant and Bradley Beal. Despite the Suns missing the playoffs this past season, Booker's commitment remained certain. With Durant traded to Houston and the Suns discussing a Beal buyout, Booker's expected extension positions him to lead the Suns into a new era next season.