Two down, one to go. 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.

Chet Holmgren has agreed on a five-year contract extension worth nearly $240 million to remain with the NBA champion Oklahoma City Thunder, according to a person with knowledge of the deal.