Money

Russell Westbrook signs 5-year extension that gives him $233 million contract

Russell Westbrook signs 5-year extension that gives him $233 million contract”

The person spoke Friday on condition of anonymity because the team had not disclosed the deal.

George, meanwhile, who is six years younger than Anthony, said Westbrook extending "absolutely" factors into his thought process for the upcoming summer, even if much of the National Basketball Association still believes the Los Angeles Lakers are the favorites to land him once his contract completes.

Westbrook's new contact comes on the heels of the Thunder trading for Carmelo Anthony in an offseason that includes another deal for former Pacer Paul George.

In the statement, the 28-year-old Westbrook said there's no other place he'd rather be than Oklahoma City. Both George and Anthony can become free agents after this season.

When you add that onto his current deal, Westbrook is playing on a six-year deal worth more than $233 million.

The Thunder is the 28th-largest media market out of 30 National Basketball Association cities. It shows the Thunder are here, and here to stay with sustained success.

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Russell Westbrook finally has help in Oklahoma City...

Westbrook is a two-time All-Star Game MVP, a two-time National Basketball Association scoring champion and last season became only the second player in league history to average a triple-double over the course of an entire regular season. Now, with Westbrook locked up, the Thunder's long-term outlook is in a much more stable position.

The Thunder's projected luxury tax bill this year after acquiring Anthony: almost $27.8 million.

Well, it is entirely possible that Westbrook just wants to keep his options. Because of Westbrook's contract extension, there's at least a better chance that George and Anthony will choose do to do the same. The cap increased 5.25 percent this season and is projected by the National Basketball Association to increase less than 2 percent in 2018-19.

In spite of Oklahoma City being the NBA's second-smallest market (larger only than Memphis), the Thunder is among the NBA's top four teams in revenue generated from corporate sponsorships. No way. The mayor of Oklahoma City responded to Westbrook's decision with this pronouncement. He also stated past year that Westbrook reminds him of his younger self, since he feels that he still has so much more to prove for the rest of his career.



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