The reported contract would run through the 2022-23 season and be worth $235 million over the six years of the deal.
He signed it under the Designated Veteran Extension, similar to the contracts that John Wall, James Harden, and Stephen Curry signed earlier this offseason.
In the statement, the 28-year-old Westbrook said there's no other place he'd rather be than Oklahoma City.
Durant didn't bother calling Westbrook before making the decision to leave the Thunder for the team they dropped a 3-1 series lead to in the 2015-16 NBA Playoffs, and you could tell that things were salty between them for all of last season. If Westbrook and Anthony are committed to staying, coupled with a successful season, George's decision becomes tougher.
For those who may not have been able to play the video, Westbrook avoided answering the question and instead reiterated that Oklahoma City was where he wanted to be. The Thunder will be a contender once again this year, and with Westbrook's relentless spirit, always a threat to make a postseason charge. He responded by winning the NBA MVP award, becoming the first player in 55 years to average a triple-double for an entire season.
Westbrook's agent, Thad Foucher of Wasserman Media Group, and Thunder general manager Sam Presti finalized the deal Friday afternoon, league sources said. I chronicled the evolution of Russell Westbrook from reckless rookie to riveting league MVP.
In spite of Oklahoma City being the NBA's second-smallest market (larger only than Memphis), the Thunder is among the NBA's top four teams in revenue generated from corporate sponsorships. By the age that Westbrook will be the end of his extension, they had declined to an average of 9.0 WARP - a little bit shy of what typically merits an All-Star selection.
Nonetheless, paying so much money to a player past his prime could prove costly down the road.