Devin Booker Supermax Contract Overview

On July 1, Devin Booker became the second player this offseason to agree a contract officially known under the NBA collective bargaining agreement as the Designated Veteran Player Exception, but colloquially known as the supermax.

The contract, which kicks in when the terms of his current five-year rookie max extension expire at the end of the 2023-24 season, is worth $224.22 million over five years – tied with the Timberwolves’ Karl-Anthony Towns for the fourth-largest contract in the history of the NBA and trailing only Giannis Antetokounmpo, Bradley Beal, and Nikola Jokic on the all-time list.

Let’s break down all the details of Booker's latest back.

Devin Booker Contract Extension Details

• Years: 4 (2024-25 through 2027-28)
• Value: $224,224,000
• AAV: $56,056,000
• Free agency: 2028

Key Facts

• Booker became supermax-eligible as a seven-year veteran who earned All-NBA honors in his most recent season.
• Compensation starts at 35% of the salary cap annually.
• Tied for the fourth-largest contract in NBA history by total value.
• Salary is estimated at $62.06 million for the final year (2027-28).

Devin Booker Career NBA Earnings

• Total earnings through 2021-22: $98,388,565
• Estimated total earnings through 2027-28: $392,482,165