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.

Chet Holmgren reacted to Jalen Williams' contract extension on social media, as the Thunder secured their star trio for the long term.

Thunder center Chet Holmgren has agreed to a maximum rookie contract extension for five years and up to $250 million, according an ESPN report Wednesday.