Thunder, Cason Wallace Agree to $139 Million Extension

The Oklahoma City Thunder and guard Cason Wallace have agreed to a five-year, $139 million rookie-scale contract extension, according to a report by ESPN’s Shams Charania. Wallace’s agents at Excel Sports Management confirmed the agreement Sunday night, ahead of the Monday deadline for rookie-scale extensions. The reported deal keeps the 22-year-old guard in Oklahoma City’s plans and prevents him from entering restricted free agency next summer. The sources do not include a signed contract or a direct team announcement confirming the terms. Wallace was selected 10th overall in the 2023 NBA Draft and has become a key defensive player for the Thunder. Last season, he recorded 150 steals, the most in the NBA, and was named to the All-Defensive Second Team. He averaged 8.6 points, 2.6 assists and 1.9 steals in 77 games, including 58 starts, according to the reports. The extension follows Oklahoma City’s offseason trade of Lu Dort to the Atlanta Hawks, a move that could create room for Wallace to take on a larger role. Thunder general manager Sam Presti said the trade reflected the organization’s confidence in Wallace’s development and its belief that he could contribute more....