Veteran guard Alex Caruso and the Thunder have agreed to a four-year, $81MM contract extension, Shams Charania of ESPN reports. The team has officially announced the deal in a press release.
Caruso became eligible for the $81,096,960 extension on Saturday. Because it has been six months since he was traded to the Thunder, he was allowed to sign for up to 140% of this season’s estimated average salary ($12.93MM) and for up to four new years. Prior to Saturday, his maximum extension would have been worth $48,875,400 over three new years.
The extension will begin at $18,102,000 in 2025/26 and will rise annually by 8%, increasing to $22,446,480 by the final season. It’s unclear whether or not it will be fully guaranteed.
Caruso was due to become an unrestricted free agent after this season. He’s in the last year of a four-year, $36.98MM contract.
Caruso was traded straight up by the Bulls for Josh Giddey in June. He’s one of the NBA’s best perimeter defenders, earning All-Defensive team nods each of the past two seasons.
He started 57 of 71 games with the Bulls last season but has come off the bench in all 19 games in which he’s played for his new team this season. He’s averaging 5.7 points, 2.9 rebounds, 2.4 assists and a career-high 1.9 steals in 20.2 minutes per contest.
Caruso shot a career-best 46.8% from the field last season but has struggled with his shooting this season (38.5%). However, he has helped Oklahoma City become the league’s premier defensive club. The Thunder have allowed the fewest points per game in the NBA. They also lead the league in opponents’ field goal percentage and 3-point percentage.
Caruso’s extension means the Thunder no longer project to have any 2025 unrestricted free agents on their standard roster.