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 reportedly re-signed with the Oklahoma City Thunder on Wednesday on a five-year deal worth potentially as much as $250 million. It's a huge number, of course, one that will set Holmgren and his family up for life.

Chet Holmgren has agreed on a five-year contract extension worth nearly $240 million to remain with the NBA champion Oklahoma City Thunder, a person with knowledge of the deal said Wednesday.The person spoke to The Associated Press on condition of anonymity because the signing has not yet been announced.