Westbrook, 28, now has the biggest total contract in National Basketball Association history, totaling $233 million over six seasons including 2017-18. Westbrook will earn $233 million, which includes $205 million for the new extension and $28 million for his 2017-18 salary.
Westbrook has said before OKC is where he wanted to be, where he wanted to win, that he didn't want to leave.
Westbrook had until October 16 to sign the extension, or he would have had to have waited until next summer.
Thunder superfan John "Thunder Boy Wonder" Bling greeted fans as they entered the team shop Friday afternoon. He responded by winning the NBA MVP award, becoming the first player in 55 years to average a triple-double for an entire season.
The Oklahoma City Thunder and point guard Russell Westbrook have agreed to a 5-year, $205 million contract extension, according to Adrian Wojnarowski of ESPN. Westbrook, for his part, said he was "so honored" to continue his career with the Thunder.
Sam Presti's response (with ownership agreeing to pick up the tab): Here are Paul George and Carmelo Anthony. When you play in Oklahoma City you play in front of the best fans in the world, I'm looking forward to bringing everything I've got, for them, this city and for this organization. Now he will get a full-court press season from Westbrook and the Thunder.
Westbrook now has the most lucrative contract in National Basketball Association history, just a touch higher than the new deals signed by Steph Curry and James Harden this summer. He also recently signed a new 10-year shoe contract with Jordan Brand.
Shortly after the reports, the Thunder confirmed the deal. Add that onto the extension that begins in the 2018-2019 season, and he's got the biggest guaranteed contract in National Basketball Association history.
Westbrook was the No. 4 overall pick in the 2008 National Basketball Association draft out of UCLA, and rapidly developed into one of the NBA's biggest stars.