During the offseason, contract extensions were a major storyline. Shy Gilgaus Alexander made history with a four-year deal worth $272.4 million, including over $70 million in the last two years, as the Thunder secured both Jalen Williams and Chet Holmgren. Devin Booker committed to a huge extension showing dedication to the Suns, Nikola Djokic chose to wait for a year, while LeBron James and the Lakers opted to pick up contract options rather than extend. The Pacers hadn’t extended Miles Turner but now he’s set for a big payday.
However, the contract drama isn’t over. Here’s a look at five veteran players likely to sign extensions next month that are worth keeping an eye on.
Luka Doncic (Lakers):
On August 2nd, the Lakers have the option to offer Luka Doncic a four-year, $223 million extension. Despite some media speculation about potential trade reluctance or hesitation to sign, Luka has spoken positively about the Lakers and expressed excitement about working with new owner Mark Walter. He’s even helped recruit players like DeAndre Ayton and Marcus Smart to LA. While agents typically advise signing the biggest contract available immediately, Doncic might wait to sign the full max on August 2nd. He’s more likely to sign a shorter, slightly smaller deal now, aiming for a bigger contract after his 10th league year. Overall, he’s expected to stay with the Lakers.
Kevin Durant (Houston Rockets):
Durant joined the Rockets this summer with a potential two-year, $122.1 million extension on the table. The Rockets were one of Durant’s few preferred destinations. He’s praised the organization, making it almost certain he’ll finalize the extension, possibly by next June. Durant might slightly reduce the contract’s value to help the Rockets manage their expensive roster.
Trae Young (Atlanta Hawks):
The Hawks can offer Young a maximum four-year, $228.6 million extension. Atlanta refreshed their roster, adding Kristaps Porzingis for defense and pick-and-pop synergy, and bringing in wings like Nickeil Alexander-Walker and Luke Kennard. They’re hoping Jalen Johnson’s health returns to strengthen the team. While Young’s statistics are impressive, with notable assists and scoring, his turnovers and defense remain concerns. An extension is likely, but a deal above $50 million per year or four years might not be wise. There’s also a possibility Young could become a free agent next year if he rejects his options.
De’Aaron Fox (San Antonio Spurs):
On August 3rd, Fox could receive a four-year, $229 million extension. The Spurs see him and Victor Wembanyama as core players and recently gained a valuable rookie, Dylan Harper, raising questions about backcourt fits. Spurs may offer Fox a shorter, more flexible contract to keep trade options open or a longer max deal if he prefers security. Most likely, Fox will sign the four-year max extension.
Mikal Bridges (New York Knicks):
The Knicks can offer Bridges a four-year, $156 million extension, but uncertainty looms. This depends partly on Giannis Antetokounmpo’s decision with Milwaukee and how new coach Mike Brown deploys Bridges. Last season, Bridges averaged 17.6 points and played strong defense but had some ups and downs with usage and team chemistry. If Brown’s plan suits Bridges, the Knicks will finalize a contract; if not, a trade or contract discount could be on the table.
Fan Take:
These upcoming contract extensions highlight the critical crossroads for several NBA stars and their teams. For basketball fans, these deals not only shape team dynamics and championship potential but also showcase the business and strategic side of the sport that impacts league balance and player legacies.
