What happened: The five-year extension for Victor Wembanyama includes a player option in the final season. Kawhi Leonard's proposed move, agreed in principle June 30, cannot be completed until the NBA's investigation ends.
Why it matters: The extension secures Wembanyama through four guaranteed seasons before his option year. Any penalty affecting Leonard could change the risk attached to completing the transaction.
By the numbers: The $252 million extension averages $50.4 million across five seasons.
What to watch: The NBA's ruling is the next trigger for Leonard's pending move. The investigation is expected to conclude before the 2026-27 season begins.