Former Kentucky Wildcats standout Cason Wallace is staying in Oklahoma City, as Shams Charania reports that Wallace signed a five-year, $139 million rookie-scale contract extension with the Thunder.
Wallace has been a valuable piece for the Thunder since being drafted in the first round in 2023. Last year, coming off the bench for the Thunder, Wallace averaged 8.6 points per game to go along with 3.1 rebounds and 2.6 assists per game.
However, Wallace’s value has consistently been on the defensive side of the ball, where he has averaged almost two steals per game the last two seasons and has been one of OKC’s most reliable perimeter defenders and one of the best perimeter defenders in the league, as evidenced by being named a member of the 2025-26 NBA All-Defensive Second Team.
After some offseason moves, including trading Luguentz Dort to the Atlanta Hawks, Wallace is expected to see an expanded role with the Thunder, and it’s clear from this contract extension that the Thunder see Wallace as a key piece to the team long-term.
Just in: Oklahoma City Thunder All-Defensive guard Cason Wallace has agreed to a five-year, $139 million rookie-scale contract extension, agents Jeff Schwartz, Max Lipsett and Marcus Monk of Excel Sports Management tell ESPN. pic.twitter.com/vCNVSJjp0q
— Shams Charania (@ShamsCharania) October 19, 2026
Congratulations to the former Kentucky Wildcat!