The priciest NBA contracts signed since the league year opened on July 1 have come via extensions, not free-agency agreements. Teams have locked in cornerstone players for future seasons while securing cost certainty under the salary cap.
Rookie-Scale Extension
Victor Wembanyama, San Antonio Spurs – Five years, projected $252.3 million at the maximum salary. The deal, which begins in 2027-28, includes a fifth-year player option and a 15 percent trade kicker.
Veteran Extensions
Donovan Mitchell, Cleveland Cavaliers – Four years, projected $272.832 million at the maximum salary. The contract starts in 2027-28 and contains a fifth-year player option plus a 15 percent trade kicker.
Neemias Queta, Boston Celtics – Four years, $56 million. The agreement takes effect in 2027-28.
Andrew Wiggins, Miami Heat – Two years, $33.830 million. The extension begins in 2027-28 with a second-year player option.
Under league rules, first-round picks entering the final year of rookie deals can sign extensions until the eve of the regular-season opener. At least nine such agreements have been completed every season since 2019. Veterans not in the last year of a contract face the same pre-season deadline, while those on expiring deals may extend until June 30.
During the 2025-26 campaign teams executed 20 veteran extensions, up from 27 the previous year, reflecting incentives added in recent collective bargaining agreements. The tracker below will be updated throughout the 2026-27 season as additional extensions are completed.
Source: Hoops Rumors
