5:35pm: Sengun has officially signed his new contract with the Rockets, per NBA.com’s transaction log.
4:49pm: The Rockets and big man Alperen Sengun have reached an agreement on a five-year rookie scale extension, agents Sean Kennedy and Jeff Schwartz tell Bobby Marks of ESPN (Twitter link). The deal is worth $185MM, with a fifth-year player option, according to Marks.
Sengun, 22, is coming off a breakout season that saw him finish third in Most Improved Player voting. He set new career highs in points (21.1), rebounds (9.3), assists (5.0), and steals (1.2) per game while making 53.7% of his field goal attempts in 63 starts (32.5 MPG) before ankle and knee injuries prematurely ended his season.
Despite Sengun’s star turn, there was uncertainty entering the fall about whether or not he and the Rockets would work out a rookie scale extension, since Houston wasn’t expected to offer him a maximum-salary deal at this time and was in position to maximize its 2025 cap room by postponing a new deal for Sengun. If he had entered next offseason as a restricted free agent, Sengun would have had a cap hold of just $16.3MM.
However, Sengun said on media day that he was interested in signing an extension before the 2024/25 season tipped off and Jonathan Feigen of The Houston Chronicle reported at the time that there was a “legitimate chance” the two sides would reach a deal.
Having agreed to terms with both Sengun and Jalen Green, who signed a three-year, $105.3MM extension, the Rockets now appear poised to operate over the cap next summer rather than under it.
They also have two of their cornerstone players locked up for multiple seasons beyond 2024/25. In addition to Sengun and Green, Rockets youngsters Amen Thompson, Cam Whitmore, and Reed Sheppard are also under contract through at least 2027.
Sengun is one of seven players to complete a rookie scale extension in the past 24 hours, joining Jalen Johnson, Jalen Suggs, Trey Murphy, Corey Kispert, Moses Moody, and his teammate Green.
Get that money…