All-NBA selections remain among the league's most coveted end-of-season honors.
Making the cut for All-NBA teams is a huge stamp of success for a player's legacy. And even beyond solidifying one's legacy, it's an indicator that the hard work of the season didn't go unnoticed.
Perhaps the biggest reason why players covet spots on the All-NBA teams so much is the increased contract value they can bring.
In 2024, Luka Doncic and Shai Gilgeous-Alexander are among players to benefit from their All-NBA honors. Here's all the players who will receive a pay bump in future seasons thanks to their selections.
MORE: All-NBA First, Second and Third team final results
All-NBA impact on supermax contracts
Luka Doncic
- Supermax extension: 5 years/$346.3 million
Doncic earned his fifth consecutive All-NBA First Team selection, which sets the stage for him to sign the largest contract in NBA history during the 2025 offseason. His supermax extension will be worth $346.3 million over five years.
Shai Gilgeous-Alexander
- Supermax extension: 4 years/$294.3 million
Shai Gilgeous-Alexander will make history if he goes through with signing this supermax extension after his All-NBA selection. It's his second consecutive appearance on the First Team.
He would become the first player earn at least $80 million in one season.
All-NBA impact on rookie extensions
Anthony Edwards
- Rookie contract increase $245.3 million
Anthony Edwards hasn't played enough seasons in the NBA to qualify for a supermax extension. Not only that, but the 22-year-old signed a five-year, $204 million contract extension in 2023.
The deal included a pay raise on the extension if he were to make an All-NBA team. Edwards made the Second Team, which will increase the value of his five-year extension by $41 million.
Tyrese Haliburton
- Rookie contract increase: $245.3 million
Just like Edwards, Tyrese Haliburton will get an increase to his rookie contract extension, which he signed in the 2023 offseason.
He made the All-NBA Third Team and will get an extra $41 million as a result.
What is the supermax contract criteria?
The supermax is a relatively recent addition to the NBA's collective bargaining agreement. It's just more terminology to define the increasingly large contracts players are signing.
In order to be eligible for a supermax contract, a player must meet a list of criteria.
- A player must have played 7-8 seasons at the time of the contract signing
- A player cannot change teams in his first four seasons unless traded
If the player is deemed eligible through these two points, they must achieve one of the following:
- Win MVP in one of three seasons prior to signing supermax
- Earn an All-NBA selection in the season prior to signing supermax, or earn an All-NBA selection in two of the previous three seasons
- Win Defensive Player of the Year in the season prior to signing supermax, or win Defensive Player of the Year in two of previous three seasons