It has been a busy offseason for the Oklahoma City Thunder. After clinching its first NBA championship, the Thunder conducted a championship parade, wrapped up

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.

The deal could potentially reach $296 million if he earns certain accolades, like winning MVP or Defensive Player of the Year.