Shai Gilgeous-Alexander’s Contract Extension
In a major move for the Oklahoma City Thunder, NBA MVP Shai Gilgeous-Alexander has finalized a remarkable four-year contract extension worth $285 million, as reported by ESPN’s Shams Charania. This deal secures Gilgeous-Alexander’s future with the Thunder through the 2030-31 NBA season and sets a new record for the highest annual salary in league history.
Performance and Achievements
The new contract, effective from the 2027-2028 season, comes after Gilgeous-Alexander’s stellar performance during his seventh year in the league, where he played a pivotal role in guiding the Thunder to a championship victory. Averaging an impressive 32.7 points, 5 rebounds, 6.4 assists, and 1.7 steals per game in the 2024-2025 season, he not only claimed the league MVP title but also the Finals MVP, a feat not accomplished by a player in over a decade.
Contract Details
With an annual average of $71.25 million, Gilgeous-Alexander’s new deal enables him to become one of only 14 players in NBA history to secure a supermax contract, a term introduced in the league’s 2017 collective bargaining agreement. Previously, Jayson Tatum held the record for the highest annual contract but was surpassed by Gilgeous-Alexander.
Strategic Decision
Although Gilgeous-Alexander had the option to potentially negotiate a longer contract next summer, he opted to secure his future with the Thunder sooner, ensuring that the franchise retains its star player without risking any uncertainties. This strategic decision highlights the commitment both parties have in building a strong competitive team moving forward.
Future Outlook
As a player eligible to earn 35% of the team’s salary cap, his contract extension positions him for significant financial gains as his rookie extension nears its conclusion. Restrictions in NBA contract rules state that extensions cannot exceed four years if a player has two years remaining on their previous contract. This means that Gilgeous-Alexander’s timely agreement is perfectly aligned with league regulations.
Anticipation builds as the Thunder look forward to another season with their superstar leading the charge, aiming to replicate and build upon last year’s success. Further updates are expected as the NBA season approaches.
