Oklahoma City Thunder All-Defensive guard Cason Wallace has agreed to a five-year, $139 million rookie-scale contract extension, according to agents Jeff Schwartz, Max Lipsett and Marcus Monk of Excel Sports Management, who spoke with Shams Charania on Sunday.
Wallace, the No. 10 pick in the 2023 draft, earned second-team All-Defensive honors last season. He averaged career highs of 8.6 points, 2.6 assists and 1.9 steals per game, and he led the NBA with 150 total steals.
Wallace’s Development Shaped Dort Decision
The 22-year-old’s development and potential factored into the Thunder’s thinking when they parted with longtime starting wing Luguentz Dort. Dort, an elite perimeter defender, went to the Atlanta Hawks in a cost-cutting trade this summer.
“I would just say Cason is someone we think very highly of and has done a great job for us,” Oklahoma City general manager Sam Presti said during his media availability before training camp. “I think the greatest sign of respect we could have shown Cason is moving Lu in that trade. We potentially could have looked at a series of other options, but it’s a bit of a gesture to him to say, ‘We think you can have a great role on this team. We believe in you as a player.'”
Thunder Face Heavy Tax Bill
With Wallace signed, 13 of the Thunder’s 14 rostered players are under contract for the 2027-28 season. Oklahoma City is projected to sit around $26 million over the second apron that season, according to Bobby Marks, and could face a tax bill that exceeds $200 million.
Wallace has averaged 7.9 points, 2.2 assists and 1.5 steals in 227 career games, including 114 starts. He has also appeared in all 48 of the Thunder’s playoff games during his tenure.