Devin Booker is set to sign a two-year, $150MM contract extension with the Phoenix Suns, according to ESPN’s Brian Windhorst. The deal would make Booker one of the highest-paid players in NBA history, with an average annual salary of $75 million.
Booker still has three years and $171MM left on his current super-max contract, but he’s eligible to sign another extension as of July 6. The new deal would begin at a projected $72MM in 2029/30 and increase by 10% annually for the next two seasons.
Despite speculation about the Suns trading Booker this offseason, it seems unlikely that they will do so. Booker has been highly engaged with the team on their coaching search and Kevin Durant trade, indicating his commitment to the franchise.
The contract extension is a significant development for Booker, who would set a new NBA record for the highest annual salary of any single contract. However, some critics argue that the deal is unsustainable for the Suns, who would be forced to rebuild without control over their own free agent pool (FRP).
Others point out that teams are unlikely to trade for Booker, given his age and the high cost of acquiring an unprotected FRP. The Bucks, for example, have a similar situation with Giannis Antetokounmpo, as they would need to surrender their 2026 FRP to trade him.
While some fans view the contract extension as a bad decision, others see it as a win-win for Booker, the team, and the fans. Booker’s play would undoubtedly justify the massive salary, while the Suns’ rebuild would provide an opportunity for young players to develop and compete for championships in the future.
Source: https://www.hoopsrumors.com/2025/06/suns-booker-considered-likely-to-sign-two-year-extension.html