Russell Westbrook has agreed to a five-year $205 million contract extension with the Oklahoma City Thunder, according to a report by ESPN’s Adrian Wojnarowski. It is the richest deal in NBA history. Westbrook’s new deal begins with the 2018-19 season, and is the biggest guaranteed contract in NBA history, six seasons and $235 million through 2022-23.
The report states, “Westbrook will sign for the Designated Player Veteran Extension. The extension allows for Westbrook to sign for 35 percent of the salary cap and five additional seasons. Westbrook’s total salary of $235 million includes $205 million for the new extension and $28.5 million for his 2017-18 salary. His salary in 2018-19, when the extension begins, will start at $35.3 million.”
Westbrook, 28, is coming off a historic MVP season where he averaged 31.6 points, 10.7 rebounds and 10.4 assists per game, making him the first player to average a triple double since Oscar Robertson did it during the 1961-62 season. Not only does the five-year extension guarantee that Westbrook will be in OKC for the long-term, it also gives the Thunder a much better chance at resigning All-Star forward Paul George, who is due to become an unrestricted free agent in July. Congratulations to Russell Westbrook on getting that bag!