Victor Wembanyama has locked in a new deal with the San Antonio Spurs — and it will go down as the biggest contract in the franchise’s history. A source familiar with the negotiations told The Associated Press on Friday that the five-year extension could surpass $250 million if Wembanyama exercises the player option included in the final year of the agreement.
The source spoke anonymously to the AP because neither the Spurs nor Wembanyama’s camp publicly disclosed the financial terms. The team confirmed the signing in an official announcement, describing it only as “a multi-year contract extension.”
What makes the deal notable is that Wembanyama left money on the table. According to the source, he was eligible for a contract that could have climbed above $300 million, but deliberately chose a lower figure. The reason, the source said, was to give the Spurs more salary cap flexibility as they look to build around their promising young core — with an eye toward future contract extensions for other rising players on the roster.
The Spurs reached the NBA Finals this past season, powered in large part by Wembanyama, who earned All-NBA honors and was the unanimous selection as Defensive Player of the Year. ESPN was first to report the agreement.
