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.

It has been a lucrative few weeks for the Oklahoma City Thunder's young stars. Since the team captured its first NBA title as the Thunder, it has doled out max contracts to a trio of young stars, with Jalen Williams (five years,