Spurs sign Victor Wembanyama to multi-year contract extension

The San Antonio Spurs have signed Victor Wembanyama to a five-year contract extension that could exceed $250 million if his player option in the final season is exercised, making it the richest contract in franchise history. The deal runs through the 2031-32 season and comes at a discount, as Wembanyama could have secured over $300 million but chose a lower figure to give the Spurs financial flexibility for their young core. Wembanyama, the unanimous Kia Defensive Player of the Year, helped lead San Antonio to the NBA Finals this past season.