Devin Booker signs richest contract extension in NBA history with $72.5 million annual average value.

Phoenix Suns guard Devin Booker signed a two-year, $145 million maximum contract extension, making him the highest-paid player in NBA history with an annual salary of $72.5 million. Booker's contract is now for five years and $316 million, surpassing Oklahoma City Thunder's Shai Gilgeous-Alexander for the richest average annual value. This deal also surpasses top contracts in the NFL, MLB, and NHL.

Phoenix Suns guard Devin Booker has agreed to a two-year, $145 million maximum contract extension, making him the highest-paid player in NBA history with an annual salary of $72.5 million [1]. This deal, which runs through the 2029-30 season, is a significant milestone in NBA salary history and surpasses the previous record held by Oklahoma City Thunder's Shai Gilgeous-Alexander, who signed a $285 million extension carrying a $71.25 million annual average value [1].

Booker's new contract extends his time with the Suns to five years and a total of $316 million, placing him at the forefront of NBA salaries. This extension not only solidifies Booker's commitment to the Suns but also positions him as a key leader in the franchise's vision for the future [1].

The Suns' decision to extend Booker's contract comes amidst significant roster changes. The team finished the previous season with a record of 36-46 and an 11th-place finish in the Western Conference. The Suns traded away superstar forward Kevin Durant to the Houston Rockets, but with Booker locked in through the end of the decade, the team aims to establish a core around him [5].

Booker, a four-time NBA All-Star and two-time All-NBA selection, has averaged at least 25 points in each of the past seven seasons, joining Milwaukee Bucks star Giannis Antetokounmpo as the only other NBA player to achieve this feat [1]. His offensive prowess, coupled with his ability to distribute the ball effectively, has been crucial to the Suns' success. Last season, he averaged 25.6 points, 4.1 rebounds, and 7.1 assists per game [2].

With this extension, Booker's salary surpasses top contracts in the NFL, MLB, and NHL, underscoring the competitive nature of the NBA's salary structure. This deal is a testament to Booker's value as a player and his importance to the Suns' long-term success [1].

References:
[1] https://www.espn.com/nba/story/_/id/45705332/devin-booker-agrees-2-year-145m-max-extension-suns
[2] https://theplayoffs.news/en/devin-booker-signs-two-year-contract-extension-worth-145-million-with-phoenix-suns/
[3] https://www.reddit.com/r/nba/comments/1lvzsvo/charania_breaking_phoenix_suns_superstar_devin/
[4] https://thesource.com/2025/07/10/devin-booker-contract-extension-phoenix-suns/?utm_campaign=devin-booker-contract-extension-phoenix-suns&utm_medium=rss&utm_source=rss
[5] https://www.cbssports.com/nba/news/devin-booker-contract-suns-star-agrees-to-two-year-max-extension-worth-up-to-145-million-per-report/