The San Antonio Spurs have secured the core group that led the franchise to a near championship last season. Although speculation surrounding De’Aaron Fox’s future has continued to circulate, there has been no indication from the Spurs’ front office that a move is being considered.
Meanwhile, the Spurs and franchise superstar Victor Wembanyama officially agreed to a five-year, $252 million rookie-scale contract extension. Despite being eligible for a contract worth 30% of the salary cap, Wembanyama chose to sign for the standard 25% rookie maximum. As a result of that decision, Fox will remain the Spurs’ highest-paid player in every season through 2030.
Earlier, Fox signed a four-year, $229 million maximum veteran extension with San Antonio. His contract is valued at the full 30% maximum salary slot, giving him one of the largest cap hits on the team’s payroll.
Since veteran maximum contracts are structured at a higher percentage of the salary cap than standard rookie-scale extensions, Fox’s annual salary will exceed Wembanyama’s throughout the life of their current deals. Fox is set to earn $49.5 million during the 2026-27 season, followed by $53.5 million in 2027-28, $57.4 million in 2028-29, and $61.4 million in the 2029-30 season.
Despite the important role Fox played during San Antonio’s run to the NBA Finals, some league analysts remain critical of the size of his contract. In a recent league-wide evaluation, Bleacher Report’s Dan Favale ranked Fox’s extension as the fourth-worst contract among his list of the NBA’s eight least favorable deals.
However, Wembanyama’s team-first approach to his own extension has given the Spurs additional financial breathing room. Even if Fox’s contract is viewed by some as above market value, San Antonio still has the salary-cap flexibility needed to continue building a championship-caliber roster and keep its title window open for years to come.