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Top 5 Largest Contract Extensions Signed by NBA Players in the 2023-24 Season

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The NBA contract extension period officially opened on June 30, 2023, and the entire offseason has been a contract extension frenzy. During this time, several key players signed new extensions with their teams. Fast forward in time, the Oct. 23 deadline is here, the last day for most rookies and veterans to extend their contracts.

That makes it the perfect time to check out some of the biggest extensions signed by NBA players ahead of the 2023-24 season.

Top 5 Contract Extensions Signed by NBA Players in 2023-24

Top 5 Largest Contract Extensions Signed by NBA Players in the 2023-24 Season

Let’s dive into the biggest and most impactful contract extensions heading into the 2023-2024 season.

Honorable Mention: Yannis Adetokounmpo, Milwaukee Bucks, $186 million

Yannis Adetokounmpo agreed to a three-year, $186 million contract extension with the Milwaukee Bucks. The deal includes a player option for the 2027-28 season, allowing him to become a free agent in 2027, according to ESPN. The Bucks’ move to acquire Damian Lillard seems to be paying off quickly.

  1. Desmond Bain, Memphis Grizzlies, $197 million, five years

Bayne was selected by the Boston Celtics in the first round, 30th overall, in the deep 2020 draft and then immediately traded to the Grizzlies. He’s become one of the best shooters in the league, a skill that’s in high demand in the NBA.

Bean had an impressive season in 2023, averaging a career-high 21.5 points per game. He was outstanding in a first round playoff loss to the Los Angeles Lakers, posting 23.5 points and six rebounds. The Grizzlies have a solid backcourt around Bain and Ja Morant.

  1. Tyrese Haliburton, Indiana Pacers, projected five-year earnings of $217 million

Haliburton has continued to grow by leaps and bounds since he was traded from the Sacramento Kings to the Pacers. This deal will keep him with the team through the 2028-29 season.

Indiana now has two key players locked into long-term contracts, Halliburton and Myles Turner, who signed a two-year extension worth up to $61 million.

  1. Anthony Edwards, Minnesota Timberwolves, projected to earn $217 million over five years.

Anthony Edwards joins draft classmates LaMelo Ball and Tyrese Halliburton, who also signed top contracts with their respective teams. Edwards was the top pick in the class and his play on the field proved it.

The deal comes after the youngster has excelled in his first couple seasons with the team. Edwards also excelled in the 2022-2023 season. He is becoming one of the representatives of the association.

  1. LaMelo Ball, Charlotte Hornets, $260 million, five years.

With this contract, the Charlotte Hornets have committed to making 22-year-old LaMelo Ball the face of the team for years to come. Ball contributed 23.3 points, 8.4 assists and 6.4 rebounds per game last season.

Despite the fact that LaMelo only played 36 games last season due to a broken right ankle, the team’s new owners still have enough faith in him to offer him the keys to the team.

Melon will join Brandon Miller, the No. 2 overall pick in the 2023 NBA Draft, as the Hornets look to revitalize a struggling team.

  1. Boston Celtics’ Jaylen Brown is projected to earn $304 million over five years.

When the Boston Celtics extended Jaylen Brown’s contract, the deal officially became the largest in NBA history. Brown averaged a career-high 26.6 points and 6.9 rebounds per game last season.

However, his play in the playoffs declined, especially in the divisional round against the Miami Heat. Brown scored 19 points on 8-of-23 shooting from the field and was just 1-of-9 from three-point range. He’ll have to do better going forward to deal with this huge contract extension.

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