Victor Wembanyama Agrees to Five-Year, $252 Million Extension With Spurs at 25 Percent of Salary Cap

Victor Wembanyama agreed to a five-year maximum-contract extension with the San Antonio Spurs on July 10, 2026. Forbes reported the deal is projected at $252 million and will begin at 25 percent of the 2027-28 salary cap. Wembanyama was eligible to include language that would have raised the starting percentage to 30 percent upon winning MVP, Defensive Player of the Year, or All-NBA honors.

He declined that option, forgoing an estimated $50 million over the life of the contract. The 25 percent structure starts at $43.5 million in the first year. A 30 percent version would have started at $52.2 million and reached nearly $303 million.

Wembanyama reached the NBA Finals in his third season. The Spurs lost the series to the New York Knicks, who won the championship after Jalen Brunson signed a four-year, $156 million extension two years earlier that paid him about 23 percent of the cap. The Knicks finished the 2024-25 season $53,349 below the second-apron hard cap.

Brunson’s choice allowed the team to retain key rotation players during its title run. NBPA executive director David Kelly said the union believes players should decide compensation for themselves and should not carry the burden of keeping a roster together. Kelly added that the system should not place that responsibility on any single player.

Forbes noted that the Spurs hold rookie-scale contracts for Stephon Castle and Dylan Harper that will expire in coming years and will likely require max or near-max deals.