According to ESPN's Shams Charania, the Thunder signed star big man Chet Holmgren to a fully guaranteed five-year maximum rookie contract extension worth up to $250 million. Coupled with the four-year, $285 million contract extension given to MVP guard Shai Gilgeous-Alexander, Oklahoma City has now spent a whopping $535 million this summer.

Oklahoma City has agreed to a five-year contract extension with Chet Holmgren that could reach $250 million, according to ESPN insider Shams Charania. The 23-year-old played a key role in the Thunder’s championship this season and will now sign the coveted rookie maximum extension.

Breaking: Oklahoma City Thunder star and NBA champion Chet Holmgren has agreed to a fully guaranteed five-year maximum rookie contract extension that could reach $250 million, agent Bill Duffy of WME Basketball told ESPN. pic.twitter.com/PsdxZq275C