Devin Booker Inks Historic $145M Extension With Suns, Sets New NBA Salary Record
Devin Booker and the Phoenix Suns have reached a reported agreement on a blockbuster two-year, $145 million USD contract extension, making NBA history with the highest annual salary ever for an extension—$72.5 million per year.The deal, which locks in Booker through the 2029–30 NBA season, reaffirms the Suns’ commitment to building their franchise around the four-time All-Star and franchise scoring leader. It also reflects the modern NBA’s financial evolution, as elite stars like Booker continue to set new economic benchmarks tied to their value both on and off the court.
A Franchise Statement Amid Roster Shifts
This extension comes at a pivotal time for Phoenix, amid recent roster changes including the trade of Kevin Durant, which marks a shift toward a more streamlined, Booker-led era.With three years remaining on his current deal, the extension takes Booker’s total contractual value to $316 million over five years, placing him among the highest-paid players in league history and further solidifying his role as the Suns’ undisputed franchise cornerstone.
Surpassing a Record Set Weeks Ago
Booker’s extension surpasses the recent record set by Shai Gilgeous-Alexander of the Oklahoma City Thunder, who agreed to a four-year deal averaging $71.25 million per season. Booker’s $72.5 million annual average sets a new high watermark for player compensation in the NBA, and could prompt further negotiations across the league as stars assess their own market value.Booker’s Legacy in Phoenix Continues to Grow
Since being drafted 13th overall in 2015, Booker has remained loyal to the Suns, now entering his 11th season with the team. The 28-year-old has averaged 25+ points per game in each of the last seven seasons, and is already the Suns’ all-time leading scorer.He is a two-time All-NBA selection, the centerpiece of the Suns’ 2021 NBA Finals run, and one of the league’s most consistent and dynamic shooting guards.
Loyalty in a Player Movement Era
In an NBA era often defined by superstar trades and short-term deals, Booker’s decision to re-commit to Phoenix for the third time speaks volumes.“This isn’t just a contract—it’s a declaration of trust, leadership, and long-term ambition,” a league insider noted.
The extension signals the Suns’ intention to reshape their roster around a player who has grown with the franchise, and who continues to elevate his game each season.
With a new coaching staff, a shifting roster, and Booker firmly at the helm, the next chapter for the Suns begins now—and it’s being written by the man who’s worn the jersey his entire career.
