Zach Lowe Reports Details on Chet Holmgren's Max Contract Extension

The Oklahoma City Thunder secured max contract extensions for their core trio of Shai Gilgeous-Alexander, Jalen Williams, and Chet Holmgren during the summer, aiming to build a championship dynasty.

NBA Insider Zach Lowe reported on his podcast that Chet Holmgren's extension is a straightforward five-year deal taking up 25% of the salary cap, without any performance-based escalators. This contrasts with initial reports suggesting it could reach $250 million and means Jalen Williams' contract likely includes such escalators. Lowe cited sources who had seen Holmgren's contract directly.

Lowe emphasized Holmgren's significant offensive potential, stating he is "just scratching the surface." He also highlighted the Thunder's exceptional positioning to manage the NBA's strict salary cap rules, specifically the second apron and repeater tax, calling them "the bar" for navigating these financial constraints.

Because Holmgren's contract lacks escalators, its total value will be lower than the initially reported $250 million figure, saving the Thunder approximately $10.1 million.