$822M Extensions Have OKC Thunder Careening Toward NBA’s Three-Max Problem
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CHICAGO, ILLINOIS – OCTOBER 25: Luguentz Dort #5, Jalen Williams #8, Chet Holmgren #7 and Shai … More Gilgeous-Alexander #2 of the Oklahoma City Thunder look on against the Chicago Bulls during the first half at the United Center on October 25, 2023 in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Michael Reaves/Getty Images) Getty Images Fresh off winning their first championship in franchise history, the Oklahoma City Thunder have been shelling out the big bucks this offseason. First, they agreed to a four-year supermax extension with reigning MVP Shai Gilgeous-Alexander worth a projected $285 million. On Wednesday, they came to terms with Chet Holmgren on a five-year max extension that could be worth as much as $250 million. And on Thursday, they agreed to a five-year max extension with Jalen Williams that could rise to $287 million if he wins MVP or Defensive Player of the Year or gets named to an All-NBA team this coming season. Williams and Holmgren’s new contracts won’t take effect until the 2026-27 season, while Gilgeous-Alexander’s doesn’t begin until 2027-28. The Thunder currently project to be $1.4 million below the $187.9 million luxury-tax threshold this coming season, so they’ll have far more financial flexibility than most title contenders will in the near term. However, they’ll start feeling the wrath of the NBA’s collective bargaining agreement soon. Once Holmgren and Williams’ new deals kick in, the Thunder project to have a payroll of roughly $246 million, according to ESPN’s Bobby Marks. That would put them well above both the projected $209 million first apron and $222 million second apron, which would lead to a host of team-building restrictions.…
Filed under: News - @ July 11, 2025 12:22 pm