Victor Wembanyama agreed to a multi-year contract extension to stay in San Antonio, the Spurs announced Wednesday.

The Spurs did not disclose terms of the deal, per team policy, but ESPN's Shams Charania reports Wembanyama agreed to a five-year, $252 million maximum rookie-scale contract extension with a player option in the fifth season.

Wemby agreed to a 25% maximum, instead of the 30% supermax escalators to $303 million, choosing less money to give the Spurs more financial flexibility in the future.