Shai Gilgeous-Alexander has made NBA history by earning the 2024-25 MVP award, a distinction that’s set to significantly boost his earnings potential. With this major accolade under his belt, he’s positioned to sign an unprecedented contract worth five years and $380 million—the largest in league history—once the 2026 offseason rolls around.
This eye-popping deal, which translates to an astounding $76 million annually, puts Gilgeous-Alexander ahead of the curve in financial terms, even surpassing the average annual value of superstar Shohei Ohtani, when considering all circumstances regarding deferrals. A savvy move on his part? Early in the offseason, he parted ways with his agent, ensuring that none of that monumental sum will go toward agent fees.
The Oklahoma City Thunder have stepped up to affirm their commitment to him, openly expressing their intent to secure his future with the team, despite the challenges of being a small-market franchise.
Prior to this MVP recognition, Gilgeous-Alexander was already on the brink of a lucrative deal this summer due to his two All-NBA selections, which made him eligible for a four-year extension worth approximately $293 million. This figure represents a hefty 30% of the salary cap.
However, the true jackpot awaits him under the supermax eligibility rules. To qualify for the 35% of salary cap, a player needs to have either an MVP award from the last three seasons or specific accolades such as an All-NBA selection or a Defensive Player of the Year nod. Gilgeous-Alexander checks all these boxes through his MVP win and expected All-NBA first-team selection this season.
Currently, he has three years remaining on his previous five-year, $172 million extension. By the end of this, plus the impending supermax and his original rookie contract, Gilgeous-Alexander stands to accumulate $576 million in career earnings over his first 14 years in the league.
In a show of appreciation for his teammates, the Thunder star has been so generous he even treated everyone on his team to Rolex watches—proof that success can indeed be a team effort.
