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Contract Details: Anthony, JJJ, Holmgren, J. Williams, Gafford

July 15th, 2025 at 10:55am CST by Luke Adams

Cole Anthony, whose previous cap hit had been $13.1MM, gave up exactly $2MM as part of his buyout agreement with the Grizzlies, tweets Keith Smith of Spotrac. Memphis subsequently used the stretch provision to spread the $11.1MM still owed to Anthony across three seasons, resulting in annual cap hits of $3.7MM through 2027/28.

The move reduced Anthony’s 2025/26 cap charge by $9.4MM, generating the cap room necessary to renegotiate Jaren Jackson Jr.‘s ’25/26 salary from roughly $23.4MM up to $35MM, as Yossi Gozlan of The Third Apron tweets. That allowed the Grizzlies to give Jackson a $49MM salary (ie. a 40% raise) in the first year of his new extension, which increases to $50.5MM in 2027/28 and $52MM in ’28/29, with a $53.5MM player option for ’29/30.

Jackson is now owed exactly $240MM over the next five seasons, having received approximately $216.6MM in new money in his agreement with Memphis.

Here are a few more details on contracts from around the NBA:

Chet Holmgren‘s new five-year, maximum-salary rookie scale extension with the Thunder doesn’t include Rose Rule language, but Jalen Williams‘ five-year max extension does, per ESPN’s Bobby Marks at Sports Business Classroom. According to Marks, Williams’ deal will start at 30% of the 2026/27 salary cap if he wins MVP, is named Defensive Player of the Year, or makes the All-NBA first team next season. If he makes the All-NBA second team, it would start at 27% of the cap, while a spot on the All-NBA third team would result in a starting salary at 26%. No All-NBA berth, MVP, or DPOY for Williams would result in a salary worth 25% of next year’s cap, matching Holmgren’s deal.
As expected, the terms of Daniel Gafford‘s new three-year veteran extension with the Mavericks are the maximum the team could have given the big man while maintaining his trade eligibility, tweets Marc Stein. Gafford got a 20% raise for 2026/27 to $17,263,584, with 5% annual raises for the next two seasons. The new three-year contract is worth a total of $54.38MM, on top of the $14.39MM he’ll make in 2025/26.
Rockets forward Jeff Green, Spurs guard Jordan McLaughlin, and Bucks wing Gary Trent Jr. have joined the list of players who waived their right to veto a trade in 2025/26 when they re-signed with their respective teams, Hoops Rumors has learned. A player who signs a new one-year deal (or two-year deal with a second-year option) with his previous team typically gets trade veto rights for that season, but those can be forfeited as part of the contract agreement.

Jalen Williams Signs Five-Year Max Extension With Thunder

July 13th, 2025 at 12:05pm CST by Rory Maher

July 13: Williams’ extension is official, the Thunder announced in a press release.

July 10: The defending champion Thunder and All-Star forward Jalen Williams have agreed to a maximum-salary rookie scale extension that covers five years, agents Bill Duffy and Justin Haynes tell Shams Charania of ESPN (Twitter link).

Jordan Richard of Swish Cultures was first to report the news (via Twitter).

Williams’ new five-year extension is fully guaranteed and does not feature a player or team option, according to Kelly Iko of The Athletic (Twitter link).

Williams’ extension will kick in during the 2026/27 campaign and he will earn at least 25% of that season’s salary cap. Based on the NBA’s latest cap projection, that would work out to a five-year, $240MM deal.

I used the term “at least” because all three reports state that Williams could earn more than that (up to $287MM), which implies his new deal has Rose Rule language that would make him eligible for a starting salary worth up to 30% of next season’s cap if he meets certain performance criteria, such as making an All-NBA team.

The 24-year-old wing is coming off a career-best season in which he averaged 21.6 points, 5.3 rebounds, 5.1 assists, and 1.6 steals in 32.4 minutes per game across 69 outings, with a .484/.365/.789 shooting line. He earned a spot on the All-Defensive second team, as well as the All-NBA third team.

Despite that All-NBA nod in 2025, Williams has not yet met the Rose Rule performance criteria — he will have to achieve the performance criteria again in 2026 to reach that higher salary.

Williams averaged 21.4 points per game for the Thunder during their postseason run to a championship despite dealing with a torn scapholunate ligament in his right wrist, which he underwent surgery to address. He recently said he was dealing with a wrist sprain for most of last season and tore the ligament on April 9.

Charania reported on Wednesday that Williams and the Thunder had “momentum” on an extension. Oklahoma City also agreed to five-year, maximum-salary deal with big man Chet Holmgren on Wednesday, though his rookie scale extension does not appear to contain Rose Rule language.

The Thunder have now locked up MVP Shai Gilgeous-Alexander, Williams and Holmgren to long-term mega-deals this offseason, with SGA officially signing his super-max extension on Tuesday.

Jalen Williams, Thunder Have ‘Momentum’ Toward Extension

July 10th, 2025 at 8:27am CST by Luke Adams

After agreeing to extend Shai Gilgeous-Alexander and Chet Holmgren since the new league year began, the Thunder will now “fully focus” on getting a contract extension done with star wing Jalen Williams, ESPN’s Shams Charania said during a Wednesday appearance on NBA Today (YouTube link).

“There is momentum in those conversations with the Thunder between both sides,” Charania said. “There’s been positive talks, and both sides are aligned on where those negotiations are going.”

Like Holmgren, Williams is entering the final year of his rookie scale contract in 2025/26, making him eligible for a rookie scale extension. His standard maximum-salary extension would be worth 25% of the ’26/27 cap, but he and the Thunder could agree to Rose Rule language that would make him eligible for a starting salary worth up to 30% of next season’s cap if he meets certain performance criteria, such as making an All-NBA team.

Williams is coming off a career-best season in which he averaged 21.6 points, 5.3 rebounds, 5.1 assists, and 1.6 steals in 32.4 minutes per game across 69 outings, with a .484/.365/.789 shooting line. He earned a spot on the All-Defensive second team, as well as the All-NBA third team.

Despite that All-NBA nod in 2025, Williams has not yet met the Rose Rule performance criteria — if he and Oklahoma City negotiate an extension that includes the possibility of his salary exceeding 25% of next season’s cap, he’d have to achieve the performance criteria again in 2026 to reach that figure.

Williams averaged 21.4 points per game for the Thunder during their postseason run to a championship despite dealing with a torn scapholunate ligament in his right wrist, which he recently underwent surgery to address.

As ESPN’s Brian Windhorst relays, Williams said in a YouTube video this week that he was battling a right wrist sprain for much of the season and suffered the torn ligament during an April 9 game against Phoenix. Between that time and the Thunder’s Game 7 win over Indiana last month, the 24-year-old said he received constant lidocaine injections and cortisone shots to manage the pain.

“I got 28 or 29 shots in my hand throughout the playoffs,” Williams said. “And I was like, ‘That can’t be for nothing. We have to win.’ So, that was my mentality.”

Williams’ shooting percentages dipped to 44.9% from the field and 30.4% on three-pointers during the playoffs, which he said was a result of changing his motion due to the wrist injury.

“I didn’t want to tell the world that I was hurt, and so the world just ganged up on me about how I wasn’t ready for the moment. Which obviously is wrong now,” Williams said. “But that was the most annoying thing, because human nature is you want to just scream that you’re hurt. But I was able to lock in and not use that as an excuse.”

Thunder’s Jalen Williams Undergoes Wrist Surgery

July 1st, 2025 at 1:54pm CST by Arthur Hill

July 1: Williams underwent surgery to address a torn scapholunate ligament in his right wrist, the Thunder confirmed in a press release on Tuesday. According to the team, he’ll be reevaluated in about 12 weeks. That would be roughly a week before training camp begins.

June 30: Thunder guard Jalen Williams will undergo surgery to fix a torn ligament in his right wrist, according to Rylan Stiles of the Locked on Thunder podcast (Twitter links).

General manager Sam Presti made the announcement today, revealing that Williams played two months with the injury. Presti added that the surgery was expected once the playoffs ended and said it’s impressive that Williams “kept moving along with no excuses and obviously played his best basketball down the stretch of the season.”

He added that Williams should be ready when next season tips off.

Williams made his first All-Star appearance this year and turned in the best season of his career, averaging 21.6 points, 5.3 rebounds and 5.1 assists in 69 games. He was a third-team All-NBA selection and a second team All-Defensive honoree.

He was also one of the stars of Oklahoma City’s championship run, contributing a 40-point outburst in a Game 5 win over Indiana in the NBA Finals and averaging 23.6 PPG for the series.

Williams will be eligible for a rookie scale extension this summer that could cement his long-term future with the Thunder. He’ll make $6.58MM next season.

Northwest Notes: Boozer, Bradley, OKC, Timberwolves

June 25th, 2025 at 10:40am CST by Alex Kirschenbaum

The Jazz‘s reconfigured front office is leaning on former Utah forward Carlos Boozer and former longtime NBA guard Avery Bradley to help prep for Wednesday and Thursday’s NBA draft, observes Tony Jones of The Athletic.

“This place has really transformed,” Boozer told Jones. “But, I want to do my part to build this team back up to being a contender, because that’s where this franchise belongs. I love this fan base and this town. It reminds me of my hometown in Alaska. So, this has been a huge honor, and it’s brought back so many memories.”

As Jones notes, both Boozer and Bradley know something about being under-the-radar draft gems.

“I think having the perspective of being a player is helpful,” Bradley said. “Seeing players that could model and resemble some of the players that we’ve played with and have been in locker rooms with helps. What Carlos and I have wanted to do is help Austin (Ainge) and Justin (Zanik) and Danny (Ainge) in the process.”

There’s more out of the Northwest Division:

After claiming their first title together on Sunday, the Thunder’s new big three of MVP Shai Gilgeous-Alexander, All-NBA wing Jalen Williams, and big man Chet Holmgren could form the core of a new dynasty, posits Ramona Shelburne of ESPN. “These guys represent all that’s good at a young age,” longtime Oklahoma City president Sam Presti said. “They prioritize winning, they prioritize sacrifice, and it just kind of unfolded very quickly…. Age is a number. Sacrifice and maturity is a characteristic, and these guys have it in spades.”
With the Timberwolves’ sale officially approved by the league, now-former majority owners Glen and Becky Taylor have penned a thank-you message to Minnesota fans, via a Timberwolves press release. Taylor leaves the Timberwolves in a good place, with the club anchored by All-NBA superstar guard Anthony Edwards and fresh off two straight Western Conference Finals appearances. “Though we are stepping away as owners, our love for this organization and this community remains as strong as ever,” the Taylors write. “We will always be fans, cheering from our seats, celebrating your triumphs, and believing in what comes next.”
Incoming new Timberwolves owners Marc Lore and Alex Rodriguez spoke to Jon Krawczynski of The Athletic about their vision for the franchise moving forward. “Let’s make it very clear,” Rodriguez said. “Marc and I are not making basketball decisions… What we’ve learned is some of the best governors throughout sports, they spend most of their time in the front end hiring the right people. … We give them guidelines, we give them budgets, and then Tim (Connelly) can cook. And then we stay out of his way. That’s also really important.”

Thunder Notes: Dynasty Talk, Caruso, Holmgren, Dort

June 23rd, 2025 at 10:00am CST by Arthur Hill

As Oklahoma City celebrated its first-ever NBA title Sunday night, speculation began about how many more this version of the Thunder might be able to get, writes Tim Reynolds of The Associated Press. The Game 7 win over Indiana made OKC the second-youngest champion in NBA history, and Reynolds points out that the organization is set up very well for the future.

The Thunder are built around Shai Gilgeous-Alexander, who completed the rare feat of winning MVP, Finals MVP and a scoring title in the same season. SGA and just about other every important player on the roster are under contract for next season, and rookie scale extensions are looming for Chet Holmgren and Jalen Williams. Oklahoma City has a treasure trove of draft assets, including the No. 15 and 24 picks this year, along with Nikola Topic, a 2024 lottery pick who sat out the entire season due to injury.

“We definitely still have room to grow,” Gilgeous-Alexander said. “That’s the fun part of this. So many of us can still get better. There’s not very many of us on the team that are in our prime or even close to it. We have a lot to grow, individually and as a group. I’m excited for the future of this team. This is a great start, for sure.”

In addition, the Thunder have a calm, steady leader in Mark Daigneault, who now has an NBA title and a Coach of the Year award five years into his head coaching career. Reynolds notes that general manager Sam Presti and owner Clay Bennett rarely speak to the media, so Daigneault serves as the voice of the franchise.

“There’s no guarantee you end it the way that we did,” Daigneault said. “I just wanted it so bad for them. I was just so thrilled that we were able to get that done and they get to experience this because they deserve it. The way they approach it, the professionalism, competitiveness, team-first nature, like I said, I wanted it so bad for them.”

There’s more from Oklahoma City:

An offseason trade for Alex Caruso added to the Thunder’s collection of elite defenders, notes Kelly Iko of The Athletic. Caruso’s versatility and his willingness to do things that aren’t glamorous made him an indispensable part of the championship run. “I think just through my career, I figured out that I can do stuff that’s not necessarily sexy or not necessarily the mainstream offensive or even defensive skill set that people recognize,” Caruso said. “I just leaned into it. I practiced being great at the stuff that nobody else does, carving a role for myself in the league. I think through the years, I’ve just kind of perfected that stuff.”
Holmgren set a record Sunday night by blocking five shots, the most ever in an NBA Finals Game 7 since blocks began being recorded in 1973/74, per Tim Bontemps of ESPN. It was a satisfying conclusion for Holmgren, who missed more than half of the regular season due to a hip injury. “Honestly, I never really play for records,” he said. “I never play for stats. All that will be forgotten. But us winning is forever. It’s immortal. I’m just so happy we were able to do that together as a team.”
Luguentz Dort would normally be a strong extension candidate, but it won’t be an easy decision for the Thunder, who already have extension decisions to make on Gilgeous-Alexander, Holmgren and Williams, Bobby Marks of ESPN writes in his offseason guide. Marks also expects OKC to aggressively look for trades involving its two first-round picks and one second-rounder in Wednesday’s draft.

Thunder Win First Championship Since Move; SGA Named Finals MVP

June 22nd, 2025 at 10:07pm CST by Dana Gauruder

The Thunder claimed their first NBA championship since the franchise moved to Oklahoma City, as they defeated the depleted Pacers, 103-91, in Game 7 on Sunday.

Seattle, which won the championship in 1979, relocated to Oklahoma City in 2008. The Pacers, who have never won an NBA title, played the last three quarters without Tyrese Haliburton, who suffered an Achilles injury in the first quarter.

Shai Gilgeous-Alexander, this season’s Most Valuable Player, also earned Finals MVP honors, the league announced (via Twitter). It’s the 16th time a player has won both in the same year, though it hasn’t happened since LeBron James pulled it off during the 2012/13 season.

The Thunder should be major contenders for years to come with their young core, featuring Gilgeous-Alexander, Jalen Williams and Chet Holmgren. The top priorities for the Thunder this offseason center around extensions.

Gilgeous-Alexander has met the performance criteria for a super-max contract and will become eligible to sign that extension next month. The 2024 MVP runner-up still has two years left on his current deal and can’t exceed six years in total, so the maximum value of his extension would be a projected $293.4MM over four years, beginning in 2027/28.

Williams and Holmgren are eligible for rookie scale extensions until the beginning of next seasons and both could receive the max – five years and a projected $246MM. The maximum value of those extensions could increase to a projected $296MM if All-NBA, MVP or Defensive Player of the Year honors are negotiated into the contracts.

The Pacers’ offseason outlook could change dramatically due to Haliburton’s injury. Myles Turner, their starting center, is headed to unrestricted free agency and while the Pacers reportedly want to re-sign him, they could have plenty of competition. Bennedict Mathurin is eligible for a rookie scale extension.

Several other key players, including Haliburton and Pascal Siakam, are signed through at least the 2027/28 season. Could they look to shed salary in light of Haliburton’s injury?

With the NBA Finals decided, the 2025 NBA offseason is officially underway. For the second straight year, teams will be permitted to negotiate contracts with their own free agents one day after the Finals. Players who won’t be free agents this offseason but who will become eligible to sign contract extensions on July 6 will also be permitted to begin negotiations with their current teams on Monday.

Thus, it wouldn’t be surprising if some agreements are reported this week. Free agent contracts still can’t be officially finalized until after the July moratorium lifts on July 6.

The draft will be held on Wednesday and Thursday, with free agency beginning on June 30 at 6 p.m. Eastern time.

Thunder Notes: SGA, Title Path, Market Size, Jalen Williams, K. Williams

June 19th, 2025 at 7:36pm CST by Alex Kirschenbaum

Now leading Indiana 3-2 in the NBA Finals, the Thunder and their All-NBA point guard Shai Gilgeous-Alexander are on the cusp of securing their first title in Oklahoma City. Joe Mussatto of The Oklahoman (subscriber link) unpacks what that would mean for the team, Gilgeous-Alexander, All-NBA forward Jalen Williams, big man Chet Holmgren, team owner Clay Bennett, longtime general manager Sam Presti, head coach Mark Daigneault, and more.

Gilgeous-Alexander, who’s already one of the most NBA’s most efficient scoring guards, can still be maximized as a distributor by Oklahoma City, writes Michael Grange of Sportsnet.ca. Grange observes that, over the last 40 years, only Gilgeous-Alexander and Kevin Durant have scored 2,400 or more points with a true shooting mark of .630 or better, both during their respective MVP seasons for the Thunder.

The 6’6″ guard continues to try to thread the needle when it comes to looking to score and looking to involve other players in the offense. Grange notes that Gilgeous-Alexander notched eight assists in Game 2 and 10 more in Game 5, but has had just seven total dimes in the other three games of the series.

There’s more out of Oklahoma City:

The Thunder’s consistent organizational infrastructure has helped the club return to the NBA Finals and reach the brink of a championship, observes Anthony Slater of The Athletic. Presti has held his gig for 18 seasons and counting, while Bennett has proven to be a stabilizing force on the business front. Slater notes that the Thunder, who won just 24 games three years ago, have managed a remarkable turnaround back to contention.
The Thunder have hardly let being the league’s third-smallest market franchise limit their aspirations, writes Mike Vorkunov of The Athletic. Rival executives are convinced that Oklahoma City spends extensively on its front office— its 88 basketball operations staffers lap the big-market Lakers’ 56. Vorkunov also notes that the team’s front office stability has been appealing to help the team retain talent.
Hall of Fame former Chicago forward Scottie Pippen has noticed the parallels between himself and All-NBA Thunder wing Jalen Williams, writes Tim MacMahon of ESPN. Both were two-way standouts who blossomed next to more established scoring guards en route to Finals appearances. “He is pretty special,” Pippen told MacMahon. “I’m enjoying watching him. I see a lot of me in him for sure. I see a guy rising to be one of the top players in this league. He’s definitely a player that is capable of being able to lead that franchise to multiple championships — him and Shai, of course.”
In another piece for The Oklahoman (subscriber link), Mussatto examines Kenrich Williams‘ natural fit in Oklahoma City. Williams has now been with the Thunder longer than every player on the roster aside from Gilgeous-Alexander and Luguentz Dort. “He’s an old head,” Dort said of Williams. “He has an old soul. You feel it every time you’re around him. His leadership has been big for us on and off the court.” Williams is in the second year of a four-season, $27.2MM deal with the club. Thanks to a deep backcourt, Daigneault has been deploying Williams in spot minutes throughout the playoffs. He’s been averaging 8.1 MPG in the 14 games he’s seen action.

Thunder Notes: SGA, Williams, Wiggins, Finals MVP

June 18th, 2025 at 5:46pm CST by Alex Kirschenbaum

Heroic NBA Finals performances from Thunder All-Stars Shai Gilgeous-Alexander and Jalen Williams have brought Oklahoma City to the brink of its first franchise championship since leaving Seattle, writes Michael Grange of Sportsnet.ca.

With MVP Gilgeous-Alexander still just 26 and Williams merely 24, the future is bright for this young Thunder squad.

Grange notes that Gilgeous-Alexander became the first player in NBA history to compile at least 31 points, 10 assists, four blocks, and two steals in a Finals game in Monday’s pivotal 120-109 win over Indiana, while Williams scored a whopping 40 points.

“He was, like, really gutsy tonight,” Gilgeous-Alexander raved about Williams after Game 5. “Felt like every time we needed a shot, he made it. He wasn’t afraid. He was fearless tonight.”

There’s more out of Oklahoma City:

The Thunder’s role players are happy to sacrifice individual accomplishments to serve the greater whole, writes Justin Martinez of The Oklahoman. Beyond stars Gilgeous-Alexander, Williams and center Chet Holmgren, role players Cason Wallace and Aaron Wiggins proved critical off the bench in Game 5, notching 25 combined points, to help Oklahoma City ice the victory. All-Defensive wings Luguentz Dort and Alex Caruso have been crucial on both ends of the hardwood throughout the series. “That’s the culture of our whole team,” Williams said. “Everybody is ready to do whatever it takes to win.”
Wiggins in particular has been a valuable contributor for the Thunder during the Finals on both sides of the ball. As Rylan Stiles of Thunder On SI observes, the fact that a former No. 55 draft pick can even have any kind of playoff impact is a great reflection on Oklahoma City’s developmental program.
Although Gilgeous-Alexander has averaged 32.4 points, 5.0 assists, 4.6 rebounds, 2.4 steals and 1.8 blocks per night through five Finals games for the Thunder, Zach Harper of The Athletic wonders if an ascendant Williams could swipe the Finals MVP award from him with his terrific two-way play of late. Across the last three contests, including two Oklahoma City wins, Williams has averaged 31 points while shooting 50.8% from the field and 40% from distance.

Thunder Notes: Williams, Offensive Flow, Hartenstein

June 17th, 2025 at 4:48pm CST by Dana Gauruder

The Thunder need just one more win to claim the NBA title, thanks to Jalen Williams. The third-year forward poured in 40 points in Game 5 as Oklahoma City took a 3-2 series lead over the Pacers.

“He was really gutsy tonight,” MVP Shai Gilgeous-Alexander said during the post-game press conference, per ESPN’s Tim MacMahon. “He stepped into big plays. Felt like every time we needed a shot, he made it. He wasn’t afraid. He was fearless tonight.”

Williams became the third-youngest player to score at least 40 points in an NBA Finals game, trailing only Magic Johnson and Russell Westbrook.

“It’s something more that I’ll look back on later than worry about what kind statement it makes,” he said. “I think the only statement we have right now is we’re up 3-2 and we have to still go earn another win.”

Williams is eligible for a rookie scale extension this offseason that could be worth a projected $246MM over five years. The maximum value could increase to a projected $296MM if Williams makes an All-NBA team again in 2026 after earning a spot on the All-NBA Third Team this season.

Here’s more on the Thunder:

Williams’ teammates are thrilled for his success. Marcus Thompson II of The Athletic examines how the Thunder forward reached this point. “He’s one of those guys that you want to see succeed, especially when you know him personally,” Chet Holmgren said. “You want to root for him. You want him to do good just because he shows up every single day, does the right things. He’s a good guy off the court, treats everybody well. He’s always respectful. He works really hard. You want to see it pay off for him. … We don’t get here without him playing as good as he’s playing. So, we’ve got to make sure he gets his credit, gets his flowers.”
While the Thunder shot just 42.6 percent from the field in Game 5, they made 14 of 32 three-point attempts and had 24 assists, compared to 11 turnovers. “It was for sure better,” Gilgeous-Alexander said of the team’s offensive flow, according to The Athletic’s Fred Katz. “Ball moved a little bit more. We were more aggressive. We were in the paint making decisions. Yeah, we were good.”
Their top free agent from last offseason, Isaiah Hartenstein, played a pivotal role with his decision-making, especially in the first half. Hartenstein posted modest stats — four points, eight rebounds (six of them offensive), four assists, one block and one steal in 21 minutes — but his impact was much greater than those raw numbers, according to The Athetic’s Kelly Iko. “I think it’s big,” Hartenstein said. “I think I provide different things, and I can also change my role, that’s the biggest thing. I can adapt. This series has been less scoring and trying to get guys open. Just me being ego-less in that sense helps the team a lot.”