Mar 3, 2024; Phoenix, Arizona, USA; Phoenix Suns forward Kevin Durant (35) celebrates with guard Bradley Beal (3) during the first quarter of the game against the Oklahoma City Thunder at Footprint Center. Mandatory Credit: Mark J. Rebilas-Imagn Images / Mark J. Rebilas-Imagn Images

Phoenix Suns owner Mat Ishbia plans to offer Kevin Durant a $120 million extension this summer after he said the two sides bypassed the eligible one-year agreement in July.

Phoenix owner Mat Ishbia told ESPN's Shams Charania this week that he fully expects the Suns to sign star Kevin Durant, 36, to a contract extension next offseason, and that he wants the 14-time All-Star,

Durant currently has two years left on his deal, and the Suns opted to wait until the offseason to ink him to an extension rather than only extending him by one season earlier in the year. Despite maintained rumored interest from the Houston Rockets, Phoenix appears to be intent on keeping Durant around for the long haul.

Different reports have hinted that the Phoenix Suns might shop their best player, but Mat Ishbia has a different viewpoint.

Phoenix Suns owner Mat Ishbia plans to offer Kevin Durant a $120 million extension this summer after he said the two sides bypassed the eligible one-year agreement in July. Ishbia told ESPN there’s mutual interest in a deal that would bring both sides closer to their goal of the 14-time NBA All-Star retiring with the franchise eventually.

Kevin Durant continues to shine in his third season with the Phoenix Suns, and franchise owner Mat Ishbia has made it clear how he envisions KD’s final years in the NBA. The Phoenix Suns, currently holding a 9-6 record in the 2024-25 NBA regular season,

Phoenix Suns owner Mat Ishbia believes Kevin Durant will sign a long-term extension, keeping him with the team as he nears the twilight of his career.