Victor Wembanyama has put pen to paper on a remarkable new contract worth over a quarter-of-a-billion dollars that will keep him in San Antonio for the next five years.
The 7-foot-4 basketball phenom was left devastated last month after he and his Spurs teammates lost to the Knicks in the NBA Finals.
But Wembanyama is committed to the franchise, with ESPN insider Shams Charania revealing that he has now signed his new contract.
The deal is the maximum rookie-scale contract extension, and he has a player option in the fifth season, according to the report.
In addition, it was revealed he decided on the 25% maximum rather than the 30% supermax, which would have taken his deal up to $303m – saving his team a huge $51m.
Earlier in the day, Wembanyama had hinted a deal was done when he posted on X: ‘Spurs family, I’m here to stay. Whatever it takes.’
Victor Wembanyama has agreed on a new $252 million contract with the San Antonio Spurs
Wembanyama starred for San Antonio as they made it all the way to the NBA Finals
Wemby had become the villain of the Finals in the eyes of the New York fans, who repeatedly targeted him both on the court and away from it during the five games.
Fans even threw an egg at him as he returned to his Manhattan hotel after Game 4, with it narrowly missing him before security rushed him inside at the Ritz-Carlton in NoMad, Manhattan.
Wembanyama, 22, appeared to relish his status as the enemy. He was even taunting his Knicks rivals, at one stage pointing at Mitchell Robinson and calling out ‘I’m in your head’ when the center was called for a flagrant foul against him in that fourth game.
After losing the series on his home court, Wembanyama made no secret of how much it hurt him.
‘It’s painful but I am not running away from it,’ he told reporters. ‘I’m not satisfied with not winning. This is the biggest lesson of my life. As a team, there’s no better experience than what we just lived.’
He did cause controversy by saying his Spurs team ‘dominated’ for most of the series even though they lost in five. But he had a point – his Spurs team blew double-digit leads in every game of the series.
‘The margin for error is very thin,’ he added. ‘Our domination stints are absolute. We absolutely dominated for most of the series.
‘But our errors, our mistakes are punished so hard that we can’t have ups and downs like this so much, you know? The ups are OK. The downs are the reason we lost.’
Wembanyama seemingly relished being the villain in the NBA Finals vs New York Knicks
Yet despite emerging as a divisive figure during a series with glory on the line, Wembanyama’s impact on the Spurs has been nothing short of transformational since they drafted him with the first pick back in 2023.
Looking ahead to 2026, the Spurs have plenty of optimism for improvement outside of Wembanyama.
Rookie Dylan Harper, only 20, played beyond his years in his first NBA campaign while Stephon Castle, 21, also grew in 2025.
The Spurs went 62-20 across the course of the regular season, finishing second in the Western Conference to the Oklahoma City Thunder.
