Oklahoma City Thunder center Chet Holmgren has emerged as one of the most promising and exciting players to watch in the league today,
Standing tall at 7-foot-1, his impressive stature and exceptional skill set make him a larger-than-life presence on the court.
Despite his towering height, Holmgren's comfort with the ball in his hands and his reliable shooting abilities enable him to score effectively at various levels.
Selected as the second overall pick by the Thunder in the 2022 NBA Draft after an impressive season with the Gonzaga Bulldogs, Holmgren's journey faced an unfortunate setback.
A Lisfranc injury to his right foot, sustained in a Pro-am game while defending LeBron James before his anticipated rookie year, led to him missing the entire 2022-23 NBA season.
As a result, the 2023-24 season marked the 21-year-old's official debut as an NBA rookie.
Let's look at Chet Holmgren's contract, career earnings, and salary.
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Chet Holmgren Contract: $44.88 million
During the summer of 2022, Holmgren signed a four-year rookie contract valued at $44.88 million after being selected by the Thunder as the second overall pick in the draft.
This contract spans from the 2022-23 season to the 2025-26 season. The final year of the deal includes a team option, and the Thunder can extend a qualifying offer to him in 2026-27, valued at $17.9 million if they choose to do so.
Chet Holmgren Career Earnings
By the conclusion of the 2023-24 NBA season, Holmgren is anticipated to have accumulated $20.2 million exclusively from his NBA salary across his two seasons with the Thunder, even considering his absence for the entire 2022-23 season due to injury, as reported by Spotrac.
This calculation does not encompass potential earnings from off-court ventures such as endorsements and partnerships.
The mentioned amount does not factor in deductions like taxes, agent fees, or other associated business expenses.
With the conclusion of his rookie contract after the 2025-26 NBA season, the skilled center is expected to have garnered a total career income exceeding $44.88 million.
Holmgren is set to negotiate for his next contract at the age of 23 or 24, and given his promising trajectory, he will likely land a lucrative deal pretty soon.
Chet Holmgren Salary 2023-24
In the ongoing 2023-24 NBA season, Holmgren is slated to earn $10.3 million, making him the fifth-highest player on the Oklahoma City Thunder roster, per HoopsHype.
This marks a modest increase from the 2022-23 NBA season when he earned $9.89 million despite not participating in any regular-season games.
Projections suggest that in the subsequent 2024-25 NBA season, his earnings are expected to rise to approximately $10.8 million, followed by a salary of $13.7 million in the final year of his rookie deal in 2025-26.
There's a possibility of Holmgren earning $17.9 million in the 2026-27 season if he chooses to accept the eligible qualifying offer from the Thunder. However, this scenario seems unlikely given his outstanding performance that merits a more lucrative contract.
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