Follow The Oklahoman’s coverage of Thunder vs. Timberwolves in Game 3 of the Western Conference finals in the 2025 NBA Playoffs.
Shai Gilgeous-Alexander racked up the accolades this week.
The OKC Thunder star was named the 2024-25 NBA Most Valuable Player, becoming the third player in franchise history to receive that honor. He also landed on the All-NBA first team for the third straight season.
The achievements have significant financial implications for Gilgeous-Alexander, who’s in the third season of his five-year, $179.3 million contract. Here’s what you need to know:
Gilgeous-Alexander is eligible for a super-max extension.
The 26-year-old guard met that criteria, which requires a player to earn an All-NBA selection in two out of three years, last offseason. However, he was ineligible to sign at the time because he hadn’t met the years of service criteria.
When can Shai Gilgeous-Alexander sign a super-max extension?
OKC can sign Gilgeous-Alexander to a four-year, $293 million super-max extension this offseason. It would keep him with the Thunder through 2030-31.
Gilgeous-Alexander would be the first NBA player to earn over $80 million in one season. This deal would take up 35% of the projected 2027-28 salary cap, according to ESPN front office insider Bobby Marks.
- 2027-28: $65.7 million
- 2028-29: $70.9 million
- 2029-30: $76.2 million
- 2030-31: $81.4 million
Financial implications of Shai Gilgeous-Alexander winning NBA MVP
Gilgeous-Alexander is now eligible to sign a five-year, $380 million extension in the 2026 offseason.
Gilgeous-Alexander would’ve been able to do so if he won MVP or earned an All-NBA selection this season. He did both.
Who is Shai Gilgeous-Alexander’s agent?
Gilgeous-Alexander parted ways with his agent, Thad Foucher of Wasserman Sports, on Feb. 18. He now represents himself.
According to NBA insider Chris Haynes, Gilgeous-Alexander will continue to be represented in off-court affairs by Simon Gebrelul, founder of Isla Management.
Justin Martinez covers sports for The Oklahoman. Have a story idea for Justin? He can be reached at jmartinez@oklahoman.com or on X/Twitter at @JTheSportsDude. Sign up for the Thunder Sports Minute newsletter to access more NBA coverage. Support Justin’s work and that of other Oklahoman journalists by purchasing a digital subscription today at subscribe.oklahoman.com.
