The Oklahoma City Thunder have signed Luguentz Dort to a five-year deal worth $87.5 million, his agent Thad Foucher told ESPN's Adrian Wojnarowski.
The deal comes after the Thunder declined the $1.9 million team option on Dort's contract for 2022-23, making him a restricted free agent and providing an opening to negotiate a new deal.
The undrafted player made an estimated $3.5 million over his first three years combined, but he is now set to average $17.5 million over the next five seasons.
This article will be updated soon to provide more information and analysis.