Chet Holmgren has agreed on a five-year contract extension worth nearly $240 million to remain with the NBA champion Oklahoma City Thunder, according to a person with knowledge of the deal.

Chet Holmgren signed a contract extension worth up to $250 million with Oklahoma City after the team's NBA Finals victory.

The Thunder have locked up Shai Gilgeous-Alexander and Chet Holmgren so far this summer, Jalen Williams is up next.

ESPN’s Shams Charania reported that the Thunder signed Chet Holmgren to a five-year contract that could reach $250 million.

The Oklahoma City Thunder and center Chet Holmgren agreed to a five-year maximum rookie contract extension worth up to $250 million, agent Billy Duffy of WME Basketball confirmed Wednesday.

Following their NBA title, the Oklahoma City Thunder have been hard at work in retaining their core. OKC struck a four-year, $285 million agreement with reigning NBA MVP Shai Gilg