July 10: Booker’s new extension with the Suns is official, the team confirmed in a press release.
“Devin Booker is the embodiment of the Phoenix Suns, representing the best of our organization, our community and our future,” Ishbia said in a statement. “As the team’s all-time leading scorer, his on-court achievements are unparalleled and the result of his relentless preparation and unwavering pursuit of excellence. His character, leadership and ‘I’ll do it’ mentality define the standards and culture we uphold.
“Moreover, his connection with our fans is unique – his impact resonates across the Valley, and his tireless efforts in supporting Arizona’s youth and families reflect the deep community bond we cherish.”
July 9: Devin Booker has reached an agreement with the Suns on a two-year maximum-salary extension that could be worth more than $145MM, agents Jessica Holtz and Melvin Booker of CAA tell Shams Charania of ESPN. The deal, which will run through the 2029/30 season, was finalized tonight in a meeting with owner Mat Ishbia in Las Vegas.
Booker’s annual extension salary of $72.5MM would be the largest in NBA history, Charania adds, slightly surpassing the projections on the new deal Shai Gilgeous-Alexander signed with Oklahoma City last week ($71.25MM). Booker now has five years and an estimated $316MM left on his contract with the Suns.
Booker’s deal will be worth 35% of the salary cap in 2028/29, with an 8% raise for ’29/30. Charania’s figures are based on presumed cap increases of 7% next year and 10% each of the following two years, so there’s no guarantee the extension will actually come in that high.
If it does, Booker would make $70,077,350 in 2028/29 and $75,683,530 in 2029/30, giving him a total of $145,760,880.
This is the third contract extension for Booker, who has spent the past 10 seasons in Phoenix after being selected with the 13th pick in the 2015 draft. He has talked frequently about wanting to play his entire career with the same franchise and working to make the Suns contenders again. The new deal, which will take him past his 33rd birthday, is a major step toward accomplishing that.
There was trade speculation surrounding Booker and virtually all the Suns in the midst of a frustrating 36-46 season that saw them fall short of the play-in tournament. That prompted Ishbia to issue a strong statement in March vowing that he would never part with Booker and referring to him as the sort of “superstar” that’s necessary to win a title.
Ishbia and his new management team have already started the process of reworking the roster around Booker. Kevin Durant was shipped to Houston in a seven-team trade, and the Suns are believed to be nearing a buyout agreement with Bradley Beal. Jalen Green and Dillon Brooks were the main additions in the Durant deal, Mark Williams was acquired from Charlotte in a draft-night trade and Khaman Maluach was selected with the No. 1o pick.
Booker posted typically excellent numbers amidst the chaos of last season, although his shooting percentages declined from his usual standards. He averaged 25.6 points, 4.1 rebounds and 7.1 assists in 75 games while connecting at 46.1% from the field and 33.2% from three-point range.
Booker will return to being the focus of the offense with Durant and possibly Beal gone, so he’ll need a strong performance next season to push the Suns in the right direction.
72.5 mill?!?! That’s insane. Way too much. Should they have moved him?
You seemed surprised by the Suns doing insane things. Why?
Ishbia on 3
Devin Booker is the face of the Phoenix Suns franchise. He’s arguably the best Shooting Guard in the NBA. Then he’s in the prime of his career. The extension is 2 years $145 million and brings him to a total of 5 years $316 million and I love to see guys get their bag.
The calculus for these teams should be whether or not these guys generate the revenue that warrants that kind of salary. He’s on a loser team without great near term prospects. He’s a terrific player, but definitely second tier superstar.
LeBron and Steph are worth every single penny. Are there any other guys on that level? Tickets cost way more for laker and warriors games then they do for suns games. I obviously don’t mean they’re the best players. I mean in terms of their game and the interest they draw.
Something has to give, more teams need to start saying no to these deals. The mavs were right to trade Luka, BUT they could not have bungled the process of trading him worse.
LeBron and Steph’s fame, not their game.
@Booga …. Yup, it doesn’t seem sustainable, these massive salaries – not in the sense that teams are operating in losses, teams are profitable and valuations just keep going up.
It’s the team-building aspect that’s muddled up by these ridiculous salary brackets …… hence the ever shrinking of mid-tier contract players, pretty soon there’ll be just teams with 2-3 max stars eating most of the salary pie, then a whole lot of minimum, rookie scale and exemption contracts.
CELTICS Grousbeck saw the writing on the wall ……… the MAVS new owners saw it as well – no one can deny that Luka’s impending max contract played a big part, not just his poor conditioning.
Are you a Michigan State alum??
@honcho, valuations are speculative and these franchises are going for Monopoly money… bottom line is ratings were down all year. 72.5 mill is real cash, actual money that has to be paid. These valuations are great until the last owner holding the bag sees the valuation crumble. The league is underweight. It’s not the nfl! Those valuations seem dubious. I guess something’s worth what someone is willing to pay, but… sometimes it’s just too much.
You’re right though, for competitive purposes, these super max contracts are untenable. What are teams to do? Start trading their stars? Booker really is fantastic, but he’s not a top 10 player! He’s definitely top 15, don’t get me wrong. He’s great. But that number is absurd given how much you’ll need to build a team around him. He can’t carry a franchise like jokic or a younger LeBron could.
They are using % of cap
If Basketball took a hit so would they , but it hardly ever does and the 10% increase has been easily met the last couple years
With the numbers gettin so large you should really just be looking at cap % nowadays ( and getting your kid into the gym ofc )
@booga …… valuations work on some real world, tangible data e.g. team revenues/financials, city location/population, team performance, etc …… as far as I know, the past 2 decades, team valuations have consistently gone up, no new owner left holding a negative or declining asset.
Yes, sometimes these NBA team purchases makes us chuckle at the amounts that these hedge funds/corporations are willing to pay ex. Lakers sold for 10B ……. but then I recall Microsoft buying Minecraft (Mojang) for 2.5B, 11 years ago ……. Microsoft buying COD, Warcraft, Candy Crush games for 69B, 2 years ago.
Capitalism at its finest.
Jason Tatum and Jaylen Brown look like steals compared to this deal.
I have Booker as my 3rd best shooting guard. I don’t think he can be a championship teams’ best player and he’s maybe top 15 overall in the entire NBA. That isn’t worth paying him as the top player overall (potentially), especially on a team that maybe makes the play in.
Gets that cause its his only team. This is why Mavs moved Luka. Only two yrs. Have to say good owner.
This whole money thing is totally out of control. Millionaires are now billionaires and playing anyone $70,000,000 dollars to play a year of basketball is crazy. This is going blow up big time along with the country.
They fill arenas 82 gms a year. Fill them in playoffs. And get viewership across cable, tv, streaming, internet. They don’t set the market.
A max contract is 37% of cap. I’m against that. No star player should receive more than 30% of cap. This way you can pay your rotation guys. We pay to watch them play. Not to see billionaires make money. There are some good owners.
Sounds like you’re angry at Capitalism.
Them sports nice salaries…
I agree, huge overpay for his level.
Great job to him, but terrible job for the player’s association and the other 99% of the league. These max deals screw teams and most players over.
A microcosm of the US as a whole. The rich get richer while the middle class gets screwed.
Eh kind of a stretch to portray professional basketball players as middle class
They do have a mid level exception that is peanuts compared to what top players make so it isn’t the worst comparison. On the other hand minimum wage in the nba isn’t comparable to being poor in real life.
This is the trajectory of player salaries the NBA has set. It’s just a matter of time before they join the billionaire club.
As they should if the league is generating that much money. The players should get there piece, but with the CBA how are teams going to compete? There won’t be another dynasty because you’ll have to win while your team is young on rookie deals because as soon as they are eligible for extensions someone has to go
> with the CBA how are teams going to compete?
> There won’t be another dynasty because you’ll have to win while your
> team is young on rookie deals because as soon as they are eligible for
> extensions someone has to go.
OKC has basically proven that doesn’t have to be the case, primarily because they’ll have only 1 supermax contract. They project have about $100M (including $76M under the first apron and $24M in exceptions) to pay the other 12 guys on their team after SGA gets his supermax in 2027-28 and Holmgren and Williams get their max rookie extensions.
What we’ve seen to date is that the CBA prevents teams with veteran supermax contracts from competing for more than 2 years — the post-KD Warriors with Steph and Klay, the Celtics with Tatum and Brown, Clippers with Kahwi and Paul George are good examples.
Ironically, the CBA helps, not hurts, OKC because it prevents teams that don’t have superstars on max rookie extensions (like Holmgren and Williams) from matching their talent by acquiring veteran superstars. For example, the Warriors and Celtics, because their stars are on veteran supermax contracts, don’t have enough cap space left over to come close to OKC’s roster.
link to hoopshype.com
aristotle
July 9, 2025.
????😳????😳????😳
Dude don’t you ever search facts before posting LOL…….. respect yourself ……
According to Hoopshype OKC team salary is at $186,423,542 right now. And they will max out Jalen Willians soon. Takes 5 mins to search and read. 😡
link to basketball.realgm.com
Yep, OKC is definitely not sustainable. near $900 mil tied up in three guys.
This is why the old owners are selling
Blackrock and citadel will eventually own the entire league
It’s going to all blow up and then have to start over. These private equity firms are going to go bust and bankrupt everything they own including sports teams. This is ridiculous the price levels of everything. Yes, some smart owners are getting out.
lol no. They’re selling because the big increase in league revenues that led to these record salaries also led to record valuations, and they’re getting 10-20x what they paid. Being an NBA owner is the easiest money one can make.
Or in the lakers case, 148x what they paid for it.
So you can get two Julius Randles for the price of one Devin Booker. I love Book, but I think I’d take the two Randles.
Mientras estan sanos esta bien, pero lastimados es pura lloradera de los dueños, porque no desquitan lo que les pagan
Luka is thinking “how do I get on Ishbia’s payroll”
Love anyone getting paid but think it was time for the Suns to do a reset and trade Booker for probably the biggest package and trade would have gotten in the history of the NBA. Suns will never win with him as the #1
OKC has not proven that they beat the CBA. Give it 2 years and youll see them tearing the team apart and aristotle will be eating his words again like always.
Just to lose 50 games.
Without Paul and Durant. Booker is a glorified Bradley Beal.
price of doing business in today’s nba .. this is the same organization who helped make the wizards look smart for a hot minute
BOOKER, Dan-O !!
Book and 4 randoms for the next few years hahahahahaha
How are player contracts and the cap completely not in tune with each other unless Silver wants these scenarios?
This is why I’m glad JB is on my team. Reduced his salary for the better of the team. Players don’t care about trying to win anymore. At least Shai got his ring first, then got a big payday. Booker you do you.
JB took the maximum extension he could get under the CBA, he gave $0 discount. He could have waited a year to take a larger extension but that comes with risk. He will be eligible for a much larger extension next offseason and then we will see how much $ he is willing to leave on the table.
Wrong ———-
“Yes, Jalen Brunson did agree to a contract extension with the New York Knicks that included a significant discount, potentially saving the team over $100 million. Instead of maximizing his earnings by waiting to sign a larger deal next summer, he opted for a four-year, $156.5 million extension now. If he had waited, he could have potentially signed a five-year, $269.1 million contract, according to reports. This decision allows the Knicks to maintain salary cap flexibility and potentially build a stronger roster around him, as they have been actively pursuing players like Mikal Bridges to join their core group.
Brunson’s decision to take a discount was partially motivated by his desire to win and compete at a high level, as well as his strong belief in the current Knicks team and their potential. He stated, “I want to win… This is literally just the beginning,” according to ESPN. The Knicks celebrated the contract extension with a ceremony at Madison Square Garden, recognizing Brunson’s commitment to the team. “
If by JB you mean Jaylen Brown, he took the supermax. Not sure why you’re on.
Jalen Brunson, his name is a give away that its NY
How much money did Brunson leave on the table?
In 10 years Booker has been only named twice to an all NBA team and wasn’t even an All Star last year. He’s a slightly healthier version of LaVine, not sure how the Suns think he can win them anything else than a few more likes on social media.
This is money laundering definitely, I refuse to believe that these billionaires are these stupid, named Ishbia or any other one. This can’t be a real salary. Pat Mahomes, the best in the most popular sport is making less than 50 a year and this nobody that is not even an all-star and plays like he’s coming from a funeral on the afternoon is going to make more than 70 a year?? Come on, we are all framed in the money laundering machine that is the NBA. They are making juggles to avoid the second apron, they are going to stretch Beal’s terrible contract and the first thing you do is to give another terrible one? No, I refuse to believe that owners are this stupid, this is shady business and is all a charade
While football is indeed more popular, there are a lot more players in the nfl that need to be paid. If Mahomes played on a team of five, he’d probably make 150m a year or more.
I know that but even when the NFL Teams have to pay 50 plus salaries the overall budget could be bigger and get paid what they deserve. Because this ridiculous NBA salaries are based in TV contracts and revenue. The NFL produces much more revenue than the NBA, still owners are not forced to pay that much compared to the NBA. Still, there are NBA players that deserve this Supermax, SGA, Jokic and Giannis. And that’s it. Tatum, Ant maybe, close to that. Wemby when time comes. But that’s it. Booker??? Give me a break. That cannot be possible, this is money laundering, like the saudis on soccer and golf
I’m not saying he isn’t overpaid. Your math just isn’t mathing. NFL revenue is double the NBA, but they pay for a roster of 53 not 15.
Massive overpay for such a low FG% and C- defender.
Idk how the league sustains a salaries above 50M let alone 70M.
2 good players and you’ll be into the tax.
These contracts are based on percentages of the cap. If Booker actually makes $70MM in 2028/29, it would mean the cap is $200MM and the luxury tax line is $243MM.
Barely anyone knows that the salaries aren’t guaranteed to be at that level. It’s a % of cap space and the cap is based on revenue year by year. Just because the contract says 72.5M doesn’t mean they’ll get to the full amount.
Ridiculous amount of money for someone who is not a mega star. The NBA will regret structuring agreements that allow foolishness like this to happen. It’s allowing too many stupid owners to reach new heights of stupidity and choking out mid sized contracts. Can you tell I hate it?