The Oklahoma City Thunder and center Chet Holmgren agreed to a five-year contract extension, which could be worth a total of $250 million.

The Oklahoma City Thunder checked off another item on their busy offseason. They signed Chet Holmgren to a five-year, $250 million extension. There are some wrinkles in the deal, but the 23-year-old is under contract with the NBA champion through the 2030-31 season.