The Phoenix Suns signed Devin Booker to a two-year, $145-million max contract extension through the 2029-30 campaign.

The deal carries the highest annual salary for an extension in NBA history.

Booker had three seasons remaining on his existing deal, but was eligible for an extension July 6.

"This moment means so much to me and my family," Booker said in a statement. "Ten years ago, my NBA dreams became reality when I was drafted here and Phoenix is my home. I love this city and am proud of what we have accomplished throughout my decade here. I am grateful to Mat Ishbia and the entire Phoenix Suns organization for the partnership. Thank you fans for your loyalty and support. More to come!!"

Phoenix selected Booker with the No. 13 pick in 2015. The Kentucky product has spent his entire career with the franchise, developing into a four-time All-Star and two-time All-NBA selection.

Booker led the Suns to their third Finals appearance in franchise history four years ago. The 28-year-old is the club's all-time leader in points and 3-pointers.

"Devin Booker is the embodiment of the Phoenix Suns, representing the best of our organization, our community and our future,” Suns owner Mat Ishbia said. "As the team's all-time leading scorer, his on-court achievements are unparalleled and the result of his relentless preparation and unwavering pursuit of excellence.

"His character, leadership and 'I'll do it' mentality define the standards and culture we uphold. Moreover, his connection with our fans is unique - his impact resonates across the Valley, and his tireless efforts in supporting Arizona's youth and families reflect the deep community bond we cherish."

He averaged 25.6 points and a career-high 7.1 assists across 75 appearances last season.