Top 5 largest contract extensions signed by NBA players in 2023-24 season ft. Jaylen Brown, LaMelo Ball

On June 30, 2023, the NBA contract extension period officially opened, leading to a flurry of contract extensions throughout the offseason. The period saw several key players sign new extension deals with their teams. Fast forward, and the October 23 deadline is here, the last day for most rookie and veteran contract extension signings.

This makes this the perfect time to check out some of the largest contract extensions signed by NBA players heading into the 2023–24 season.

The top 5 largest contract extensions signed by NBA players in 2023–24

Let us dive right into the largest and most impactful contract extensions heading into the 2023–2024 season.

Honorable Mention: Giannis Antetokounmpo, Milwaukee Bucks, $186 million

Giannis Antetokounmpo agreed to a three-year, $186 million contract extension with the Milwaukee Bucks. According to ESPN, the deal includes a player option for the 2027–28 season, allowing him to become a free agent in 2027. The Bucks' move to acquire Damian Lillard seems to have paid off quickly.

5. Desmond Bane, Memphis Grizzlies, $197 million, five years

Desmond Bane

Bane was drafted 30th overall in the deep 2020 draft class by the Boston Celtics and then immediately traded to the Grizzlies. He has risen to become one of the best shooters in the league, a skill in high demand in the NBA.

Bane had an impressive 2023 campaign, averaging a career-high 21.5 points per game. He had a stellar showing in the first round of the playoff loss to the Los Angeles Lakers, netting 23.5 points to go with 6 boards. The Grizzlies have a solid backcourt in Bane, alongside Ja Morant.

4. Tyrese Haliburton, Indiana Pacers, projected $217 million, five years

Haliburton

Since Haliburton was traded to the Pacers from the Sacramento Kings, he has continued to grow in leaps and bounds. The deal will keep him with the franchise through the 2028–29 season.

Indiana now has two crucial players locked in with long-term deals, Haliburton and Myles Turner, who signed a two-year extension worth up to $61 million.

3. Anthony Edwards, Minnesota Timberwolves, projected $217 million, Five years.

Anthony Edwards joined draft classmates LaMelo Ball and Tyrese Haliburton, who also inked maximum deals with their teams. Edwards was the number one pick in the class, and his on-court performance showed as much.

The deal came after an excellent performance by the youngster in his previous seasons with the team. Edwards also had a great 2022–2023 season. He is well on his way to becoming one of the faces of the association.

2. LaMelo Ball, Charlotte Hornets, worth $260 million, Five years.

LaMelo Ball

With this contract, the Charlotte Hornets committed to making the 22-year-old LaMelo Ball the face of the franchise for years to come. Ball averaged 23.3 points, 8.4 assists, and 6.4 rebounds per game in the last season.

Although LaMelo only played 36 games last season after suffering a fractured right ankle, the team's new owners still had enough confidence in him to offer him the keys to the franchise.

Melo will be joined by the No. 2 pick in the 2023 NBA draft, Brandon Miller as the Hornets look to lift the struggling team.

1. Jaylen Brown, Boston Celtics, projected $304 million, five years.

Jaylen Brown

When the Boston Celtics signed Jaylen Brown to this extension, it officially made the deal the biggest contract in NBA history. Brown averaged a career-high 26.6 points per game to go with 6.9 rebounds last season.

However, his performance decreased in the playoffs, particularly against the Miami Heat in the conference finals. Brown had 19 points on eight of 23 shooting and he made just one of nine attempts from the arc. He'll have to do better in the future to account for this humongous contract extension.