Shai Gilgeous-Alexander has been named the NBA’s Most Valuable Player for the 2024–25 season. The Oklahoma City Thunder star received the honor just one day after OKC’s dominant Game 1 win over the Minnesota Timberwolves in the Western Conference Finals.
The 26-year-old point guard has steadily elevated his game every year since being drafted in 2018. Now, according to ESPN’s Bobby Marks, Gilgeous-Alexander is looking at a potentially lucrative summer.
Shai Gilgeous-Alexander To Sign Huge Contract This Summer or Next?
The Thunder’s star is the first player ever from the University of Kentucky to win MVP. He’s also just the second Canadian-born player to earn the honor, following Steve Nash’s back-to-back wins in 2005 and 2006.
SGA met the supermax criteria (All-NBA in two of the past three seasons) last offseason but was ineligible to sign, falling one year short of the required years of service (7–9 years).
As MVP, Gilgeous-Alexander is eligible to sign a five-year, $380 million supermax extension, but only during the 2026 offseason. Meanwhile, he’s also eligible to sign a four-year, $293 million extension with the Thunder, as early as this offseason.
The $380 million contract would be the largest in NBA history, surpassing Jayson Tatum’s five-year, $314 million deal signed in 2024 by a staggering $66 million. That deal would pay SGA an average of $76 million per year.
Now, the first-time MVP faces a massive $87 million decision: sign an extension this offseason, or wait until July 2026 to ink a record-setting deal. Most believe he’ll wait.
Shai Gilgeous-Alexander met the super max criteria (All-NBA in 2 out of 3 years) last offseason but was ineligible to sign because he was short of the years of service criteria.
He is eligible this offseason to sign a four-year $293M extension with OKC.
Because he won MVP (and…
— Bobby Marks (@BobbyMarks42)
Gilgeous-Alexander is already under contract for three more seasons, as part of his five-year, $172 million extension. Including that deal, a potential supermax, and his original $17 million rookie contract, he could earn $576 million over the first 14 years of his career.
The Thunder are, according to USA Today Sports, prepared to offer SGA the record-breaking contract next offseason.
The 2025 NBA scoring champion posted impressive individual numbers this season, averaging 32.7 points, 6.4 assists, and five rebounds per game — all while playing within a team-first system for a 68-win squad in the loaded Western Conference.
MORE: Shai Gilgeous-Alexander Trade Continues To Haunt Clippers as Thunder Star Wins NBA MVP Award
Those 68 wins mark a franchise record and are the fifth-most in NBA history, a feat even the Kevin Durant-led Thunder teams could not achieve.
SGA and Oklahoma City remain focused on their Western Conference Finals matchup against Anthony Edwards and the Timberwolves. If he can lead his team to the NBA Finals and potentially win it, this MVP award (and his contract) will be even more rewarding for the OKC star.
