Shai Gilgeous-Alexander agrees to record-breaking extension with OKC Thunder, per report
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Shai Gilgeous-Alexander has agreed to a lucrative new contract extension with the Oklahoma City Thunder, according to a report.
ESPN’s Shams Charania first reported that news on Tuesday morning, noting the former Kentucky guard will sign a 4-year deal worth a projected $285 million. Gilgeous-Alexander is already under contract for the next 2 seasons, so this deal begins in 2027-28.
With this deal, Gilgeous-Alexander will now have the richest annual salary in NBA history:
The $285 million figure is subject to change. As ESPN’s Bobby Marks notes, SGA’s contract is based on a projected salary cap number for the 2027-28 season. The salary cap is expected increase by up to 10% annually for the foreseeable future, but exact figures are not yet known.
For now, here is the projected annual salary for Gilgeous-Alexander for this 4-year extension:
Gilgeous-Alexander could have waited a year and signed a 5-year extension worth upwards of $380 million in the summer of 2026. Instead, he’s committed to the Oklahoma City Thunder for the next 6 seasons.
OKC co-stars Jalen Williams and Chet Holmgren are expected to sign lucrative extensions this summer as well. The Thunder won their first NBA title since moving to Oklahoma City last month.
Spenser is a news editor for Saturday Down South and covers college football across all Saturday Football brands.
