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Cason Wallace and Oklahoma City Thunder Agree on Five-Year, $139M Contract Extension

Cason Wallace and the Oklahoma City Thunder have reached an agreement on a five-year, $139 million extension to his rookie contract, according to ESPN's Shams Charania.

This deal was finalized ahead of Monday's deadline for players from the 2023 NBA Draft class to sign rookie scale extensions. Had they missed the deadline, Wallace would have played the final year of his rookie deal under a team option before becoming a restricted free agent in the 2026-27 offseason.

With this extension, the Thunder secure one of their defensive pillars as they aim for a second NBA title in three years. Wallace, a shooting guard, has established himself as one of the league's top perimeter defenders.

Wallace’s Rise with the Thunder

The Thunder picked Wallace with the 10th overall selection in the 2023 draft out of Kentucky. His role with the team has expanded steadily each season.

  • Rookie Year: Started 13 games
  • Second Season (2024-25): Started 43 games and was a key contributor to Oklahoma City’s championship run
  • Last Season: Started 58 games, solidifying his spot as a regular starter

Heading into the upcoming season, Wallace is expected to take on a full-time starting role and increase his average playing time beyond last year's 26.6 minutes per game.

2025-26 Season Performance

  • Games Played: 77
  • Points per Game: 8.6
  • Rebounds per Game: 3.1
  • Assists per Game: 2.6
  • Steals per Game: 1.9
  • Blocks per Game: 0.4
  • Three-Point Shooting Percentage: 35.1% on 3.7 attempts per game

The Thunder traded away 3-and-D specialist Luguentz Dort to the Atlanta Hawks during the offseason, signaling their confidence that Wallace will fill a bigger role. Now with Wallace signed through at least the 2028-29 season, the team has secured its entire starting five on long-term contracts.

Thunder's Core Moving Forward

With their championship window open, the Thunder plan to continue building around these key players:

  • Shai Gilgeous-Alexander
  • Jalen Williams
  • Chet Holmgren
  • Isaiah Hartenstein
  • Cason Wallace

All five have now been locked into contracts extending through the 2028-29 season, setting a strong foundation for Oklahoma City's future ambitions.

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