Wednesday, November 29, 2023

Devin Booker Salary 2023: Suns Star’s Massive Contract Extension Among the Largest in NBA History

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(Photo : Chris Coduto/Getty Images) PHOENIX, ARIZONA – Devin Booker (#1) of the Phoenix Suns reacts after a three-point basket during the first half against the Portland Trail Blazers at Footprint Center on October 16, 2023 in Phoenix, Arizona.

Phoenix Suns star Devin Booker is widely regarded as one of the premier players in the league. He is considered the consensus best shooting guard by NBA general managers for the 2023-24 season.

The Suns selected the 27-year-old with the 13th overall pick in the 2015 NBA Draft. Despite enduring challenging times in the early years of his career, he played a crucial role in helping the Suns reach the 2021 NBA Finals and establish themselves as perennial championship contenders in the past few years.

Devin Booker Contract: $158 million

Booker is in the last year of his current five-year contract worth $158 million, which he signed in 2018 and began to take effect in the 2019-20 NBA season.

Before his current deal, the three-time NBA All-Star’s rookie-scale contract was worth $9,985,165 over four years, signed in 2015.

His salary significantly jumped as he transitioned to his second contract, skyrocketing from $3,314,365 in 2018-19 to $27,285,000 in 2019-2020 – a more than eightfold increase, according to figures from HoopsHype.

Devin Booker’s upcoming contract: $224 million

After being named in the All-NBA First Team and leading the Suns to a franchise-best 64-18 regular season record in 2021-22, Booker secured a massive four-year contract extension with the Suns worth $224 million in the summer of 2022.

The new deal, slated to kick off in the 2024-25 season, will keep the league’s best shooting guard in The Valley until the end of the 2027-28 NBA season.

As of the 2023-24 NBA season, Booker’s contract extension is tied with Minnesota Timberwolves star Karl-Anthony Towns as the fifth-largest contract in the history of the NBA, per Boardroom

Booker will only be 31 years old by the end of his upcoming deal, putting him in position for another significant payday as he enters the final years of his prime.

Read more: Knicks Seek $10 Million From Raptors in Damages – Everything You Need to Know About Ugly Theft Saga

Devin Booker Career Earnings

At the end of the 2023-24 season, Booker will accumulate $166,532,853 in career earnings throughout nine seasons in the pros, considering strictly his NBA salary before deductions such as agent fees, taxes, and other expenses. 

Over the next four years, projections indicate that the Suns star is anticipated to more than double his career earnings, reaching an estimated $389,188,853 by the conclusion of his upcoming contract in 2027-28, as per figures from Spotrac.

Devin Booker Salary 2023

For the ongoing 2023-24 NBA season, Booker is slated to earn $36,016,200.

This places him as the 23rd best-paid player in the current campaign, sharing the spot with Karl-Anthony Towns of the Minnesota Timberwolves and Kristaps Porzingis of the Boston Celtics.

Once his new contract kicks in next season, the 2018 NBA Three-Point Contest winner is projected to be the second highest-paid player in the association, with estimated earnings of $52,150,000 for the 2024-25 campaign.

Booker will share the spot again with Towns as the league’s second-best-paid player, just behind Stephen Curry of the Golden State Warriors, who will earn $55,761,217 next season.

Related Article: Chet Holmgren vs Victor Wembanyama: 3 Reasons Spurs Star Will Win 2024 NBA Rookie of the Year  

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