Devin Booker has reached an agreement with the Suns on a two-year max extension projected to be worth more than $145M, agents Jessica Holtz and Melvin Booker of CAA tell Shams Charania of ESPN. The deal, which will run through the 2029-30 season, was finalized Wednesday night in a meeting with owner Mat Ishbia in Las Vegas.
Booker’s annual extension salary of $72.5M is the largest in NBA history, Charania adds, slightly surpassing the new deal
Shai Gilgeous-Alexander signed with Oklahoma City last week ($71.25M). Booker now has five years and about $316M left on his contract with the Suns.
Booker is projected to make $70,077,350 in 2028/29 while taking up 35% of the salary cap, according to cap expert Yossi Gozlan. His salary will rise to $75,683,530 (34.4% of the cap) in 2029-30, giving him a total of $145,760,880.
This is the third contract extension for Booker, who has spent the past 10 seasons in Phoenix after being selected with the 13th pick in the 2015 draft. He has talked frequently about wanting to play his entire career with the same franchise and working to make the Suns contenders again. The new deal, which will take him past his 33rd birthday, is a major step toward accomplishing that.
There was trade speculation surrounding Booker and virtually all the Suns in the midst of a frustrating 36-46 season that saw them fall short of the play-in tournament. That prompted Ishbia to issue a strong statement in March vowing that he would never part with Booker and calling him a “superstar” that’s necessary to win a title.
Ishbia and his new management team have already started the process of reworking the roster around Booker. Kevin Durant was shipped to Houston in a seven-team trade, and the Suns are believed to be nearing a buyout agreement with Bradley Beal. Jalen Green and Dillon Brooks were the main additions in the Durant deal, Mark Williams was acquired from Charlotte in a draft-night trade and Khaman Maluach was selected with the No. 1o pick.
Booker posted typically excellent numbers amidst the chaos of last season, but his shooting percentages declined from his usual standards. He averaged 25.6 points, 4.1 rebounds and 7.1 assists in 75 games while connecting at 46.1% from the field and 33.2% from three-point range.
Booker will return to being the focus of the offense with Durant and possibly Beal gone, so he’ll need a strong performance next season to push the Suns in the right direction.
