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the departure of one of their marquee players, Kevin Durant, to the Houston Rockets in a historic seven-team trade, the Phoenix Suns have successfully convinced their franchise cornerstone Devin Booker to sign a two-year contract extension. According to U.S. media outlets, the deal is worth $145 million, setting a new NBA record for annual salary\u2014an astounding $72.5 million per season.<\/p><p>Undoubtedly, Booker has earned such a figure, as he remains the Suns\u2019 undisputed leader and the primary force behind their success. During the 2024\u20132025 season, he averaged 25.6 points, 7.1 assists, and 4.1 rebounds per game.&nbsp;<\/p><p>Booker is a four-time NBA All-Star and a two-time Olympic gold medalist with Team USA. He has averaged over 25 points per game for seven consecutive seasons and, last season, became Phoenix\u2019s all-time leading scorer in total points.<\/p><p>Under this new agreement, Booker will remain with the Suns through the 2029\u20132030 season and will become the highest-paid player on a per-season basis in NBA history\u2014surpassing the deal signed earlier this week by reigning MVP Shai Gilgeous-Alexander. The Canadian star agreed to a four-year, $285 million extension with the Oklahoma City Thunder, the team he led to an NBA title.<\/p><p>Suns owner Mat Ishbia said in an official statement: \u201cDevin Booker embodies the Phoenix Suns. He represents the best of our organization, our community, and our future.\u201d While Ishbia did not disclose financial figures, the statement essentially confirmed widespread media reports that the 28-year-old, originally selected 13th overall by Phoenix in the 2015 NBA Draft, finalized the deal with Ishbia in Las Vegas earlier this week.<\/p><p>Booker\u2019s most notable achievement with the Suns was leading them to the 2021 NBA Finals, where they ultimately lost to the Milwaukee Bucks. His continued presence will bring much-needed stability to a franchise currently undergoing a transitional phase following a disappointing season.<\/p><p>It\u2019s no surprise that the Suns committed such a large sum to retain their franchise player. Despite having one of the highest payrolls in league history\u2014bolstered by investments in Durant and Bradley Beal\u2014the team failed to make the playoffs, resulting in the April dismissal of head coach Mike Budenholzer. He will be replaced by 40-year-old Jordan Ott, who is stepping into his first NBA head coaching role. Ott now faces the challenge of implementing a new system with a revamped roster, following Durant\u2019s departure in a blockbuster trade that brought in young talents like 18-year-old South Sudanese rookie Khaman Maluach, along with Dillon Brooks and Jalen Green.<\/p><p>Bet on every twist of the NBA offseason with <strong>Betway<\/strong>\u2014the [country_name]\u2019s top choice for online sports betting. 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