Victor Wembanyama has signed a new contract extension worth more than $250 million to remain with the San Antonio Spurs for the next five years, ESPN insider Shams Charania reported.
The deal is the maximum rookie-scale contract extension available to the 7-foot-4 center, and it includes a player option in the fifth season, according to the report.
Wembanyama opted for the 25% maximum rather than the 30% supermax, which would have pushed the contract to $303 million, saving the Spurs $51 million.
Wembanyama hinted the deal was done earlier in the day, posting on X: "Spurs family, I'm here to stay. Whatever it takes."
Finals heartbreak against the Knicks
The 22-year-old was left devastated last month after he and the Spurs lost to the New York Knicks in the NBA Finals.
Wembanyama became a target for Knicks fans throughout the five-game series, both on the court and away from it. After Game 4, fans threw an egg at him as he returned to the Ritz-Carlton hotel in NoMad, Manhattan, narrowly missing him before security rushed him inside.
Wembanyama appeared to embrace the role, at one point pointing at Knicks center Mitchell Robinson and shouting "I'm in your head" after Robinson was called for a flagrant foul against him in Game 4.
Wembanyama reflects on the loss
Speaking after the Spurs lost the series on their home court, Wembanyama did not hide his disappointment. "It's painful but I am not running away from it," he told reporters. "I'm not satisfied with not winning. This is the biggest lesson of my life. As a team, there's no better experience than what we just lived."
He also said his Spurs team "dominated" for most of the series despite losing in five games, noting they blew double-digit leads in every game. "The margin for error is very thin," he said. "Our domination stints are absolute. We absolutely dominated for most of the series. But our errors, our mistakes are punished so hard that we can't have ups and downs like this so much, you know? The ups are OK. The downs are the reason we lost."
Spurs look ahead
San Antonio drafted Wembanyama with the first overall pick in 2023, and his impact on the franchise has been transformational since. The Spurs also have rookie Dylan Harper, 20, and Stephon Castle, 21, who both had strong seasons in 2025.
The Spurs finished the regular season 62-20, second in the Western Conference behind the Oklahoma City Thunder.
