Chet Holmgren has agreed on a five-year contract extension worth nearly $240 million to remain with the NBA champion Oklahoma City Thunder, per multiple reports. ESPN, which first reported the deal, citing agent Bill Duffy, said it could eventually be worth $250 million because of various contract escalators.

Technically speaking, neither Holmgren nor Banchero is actually eligible for the numbers they signed for. A four-year veteran, as both will be after this season when their new deals kick in, is eligible for a new contract at 25% of the cap that comes with 8% annual raises.

From the time the Thunder started to ascend, it was clear that Jalen Williams and Chet Holmgren were likely going to be max players. And of course, Shai Gilgeous-Alexander has turned into a no-brainer,