What happened: Thompson agreed to a five-year, $208 million rookie-scale contract extension. The agreement includes a 10% trade kicker.
Why it matters: The deal secures Thompson's contract status ahead of the 2026-27 season. Eligible players face an Oct. 19 extension deadline.
By the numbers: $208 million over five years equals an average annual value of $41.6 million.
What to watch: Watch for the extension's formal completion and full contract terms.