Jalen Williams contract: How All-NBA team affects OKC Thunder star's extension
Jalen Williams landed on the All-NBA third team.
It's the first All-NBA selection for the OKC Thunder forward. He also made his first All-Star appearance this season and earned a spot on the All-Defensive second team.
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Williams is still on his rookie contract. But his recent All-NBA selection brings him one step closer to securing a bigger payday on his next deal.
Here's what you need to know:
More: OKC Thunder lands two on All-NBA teams with Shai Gilgeous-Alexander, Jalen Williams
Rookie contract breakdown for Jalen Williams
Williams was selected by OKC with the 12th overall pick in the 2022 NBA Draft. He's on the third season of a four-year, $20.3 million rookie contract, which concludes with a team option for the 2025-26 campaign.
Williams would become a restricted free agent the following offseason if he isn't signed to a new deal by that time.
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2022-23: $4.3 million
2023-24: $4.6 million
2024-25: $4.8 million
2025-26 (Team option): $6.6 million
2026-27: Restricted free agent
More: NBA All-Defensive team: Lu Dort makes first team, Jalen Williams selected to second squad
When can OKC Thunder sign Jalen Williams to rookie extension?
Williams is eligible for a five-year, $246 million rookie extension this offseason.
It could increase to $296 million if All-NBA, Most Valuable Player or Defensive Player of the Year honors are negotiated into the contract, according to ESPN front office insider Bobby Marks.
More: How Jalen Williams went from little known OKC Thunder draft pick to NBA All-Star
Are there financial implications for Jalen Williams making an All-NBA team?
There are no immediate financial implications for Williams being named to an All-NBA team.
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A player who is rookie extension eligible can sign for 30 percent of the salary cap if he is named to an All-NBA team in two out of the three previous seasons. This is Williams' first selection.
Williams will become eligible to do so if he's named to an All-NBA team in either of the next two seasons. He would also become eligible if he was named the league's MVP or Defensive Player of the Year during that time.
More: Who owns OKC Thunder? What to know about team's NBA journey, leadership in Oklahoma
This article originally appeared on Oklahoman: Jalen Williams contract: How All-NBA affects Thunder star's extension
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