Devin Booker signs contract extension, reportedly the most lucrative deal in Suns history

The Phoenix Suns confirmed their star guard has signed a maximum contract extension with the team in what is reportedly the most lucrative contract in the history of the franchise.

21-year-old Devin Booker has agreed to a contract extension, the Suns announced Sunday -- and it's a 5-year, $158 million deal, Yahoo Sports' Shams Charania reported. The announcement comes after Booker reportedly met with Suns owner Robert Sarver and general manager Ryan McDonough in Los Angeles on Tuesday.

Booker had been set to enter the fourth year of his rookie contract, worth about $3.3 million.

“I am humbled and honored to commit to the Suns organization long term,” Booker said in a statement. “I have loved calling Phoenix home the last three seasons as this team and community are special to me. Thank you to the Suns for drafting me and believing in me. I look forward to the future and pursuing a title as a Phoenix Sun.”

Booker was selected by the Suns with the 13th overall pick in the 2015 NBA Draft. He averaged 24.9 points per game last season -- the second-most in NBA history by a guard 21 years of age or younger (only Michael Jordan averaged more). Booker also averaged 4.7 assists and 4.5 rebounds last season, and he set career highs in field-goal percentage (43.2) and 3-point percentage (38.3).

Per ESPN, Booker is the third-youngest player in NBA history to record 4,000 career points; LeBron James and Kevin Durant are the only players to reach that milestone sooner. Booker is also the youngest player in NBA history to record a 60- or 70-point game when he scored 70 vs. the Celtics last season.

New Suns center Deandre Ayton, the No. 1 pick in the 2018 draft, said he and Booker could form "Shaq and Kobe 2.0" in Phoenix.

"Book has been a pillar for the Suns franchise ever since he arrived in Phoenix in 2015. Devin and the team both wanted to extend his agreement with the club as long as we possibly could," McDonough said in a statement. "This agreement reflects a commitment from both parties to the Phoenix community, the state of Arizona and Suns fans worldwide.”

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