Chet Holmgren Contract

Last Modified Apr 3, 2025 06:36 GMT
Chet Holmgren
Chet Holmgren (Source: Getty Images)

Chet Holmgren is an American professional basketball player who plays as a center for the NBA team Oklahoma City Thunder. Born in Minneapolis, Minnesota, Holmgren picked up basketball from his father, 7 feet tall Dave Holmgren, a former University of Minnesota player. As a highly touted five-star athlete, Holmgren made waves during his one-year stint at Gonzaga, averaging an impressive stat line of 14.1 points, 9.9 rebounds, and 3.7 blocks per game. In the 2022 NBA Draft, the Oklahoma City Thunder selected Holmgren with the second overall pick. It was the highest-selected pick from Gonzaga University and the top-drafted player from Minnesota, surpassing Kevin McHale's 1980 selection at third overall. Unfortunately for him, Holmgren faced a setback just before the rookie season began.

While playing in a Pro-am pre-season game, he suffered a Lisfranc injury causing him to miss the entire 2022/23 NBA season. Consequently, the 2023/24 season marked his official rookie debut. His 7-foot-6-inch wingspan contributes to his standout shot-blocking and rebounding skills. Alongside superstar Shai Gilgeous-Alexander at the Oklahoma City Thunder, Holmgren forms a promising duo.

Related: Chet Holmgren Parents

Chet Holmgren Contract Breakdown

YearBase SalarySigning BonusCap HitDead CapYearly Cash
2022-23 $9,891,240-$9,891,240-$9,891,240
2023-24$10,386,000-$10,386,000-$10,386,000
2024-25 (Team Option Exercised)$10,880,640-$10,880,640-$10,880,640
2025-26 (Team Option)$13,731,368-$13,731,368-$13,731,368

How much is Chet Holmgren getting paid?

Chet Holmgren is set to earn $10,880,460 for the 2024/25 season. Holmgreen agreed to a four-year rookie scale contract with the Oklahoma City Thunder, worth $44,889,248 guaranteed as per Spotrac.

How much does Chet Holmgren make in a minute?

Chet Holmgren’s salary for the 2024/25 season is $10,880,460. Now, one year is known to have 525,600 minutes. If his total salary is divided by the number of minutes available in a year, then Holmgren makes around $20.70 in a minute.

Related: Chet Holmgren Siblings

Chet Holmgren Career Earnings

As of March 2025, Holmgren has earned more than $ 31,363,868 from his NBA contracts as per Spotrac.

What are the terms of Chet Holmgren’s contract?

Holmgren’s standard rookie scale contract has team options after the second and third seasons. Oklahoma City Thunder has already exercised their team option for the 2025/26 season as per Spotrac.

How much of the Chet Holmgren's contract is guaranteed?

Chet Holmgren’s contract worth $44,889,248 is guaranteed until the 2025/26 NBA season as per Spotrac.. The Thunder have again exercised their team option for the 2025-26 season.

Chet Holmgren Contract History

These are all the contracts that Chet Holmgren has signed in his career till now.

July 9, 2022

Chet Holmgren signed a four-year $44.89 million contract with the Oklahoma City Thunder.

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FAQ on Chet Holmgren

A. Chet Holmgren hails from Minneapolis, Minnesota, United States.

A. Chet Holmgren was drafted second overall in the 2022 NBA Draft.

A. Chet Holmgren played collegiate basketball for Gonzaga University.

A. Chet Holmgren wears jersey #7 for the Oklahoma City Thunder.

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