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The Oklahoma City Thunder signed Aaron Wiggins to a new five-year, $47 million deal. The contract includes $2 million in potential bonuses.

NBA insider Michael Scotto tweeted the details of the deal. The contract has a descending structure and a team option for the fifth year.

Previously, Wiggins was on a four-year, $6.38 million contract. This new deal marks a significant increase for the 25-year-old shooting guard.

This past season, Wiggins averaged 6.9 points and 2.4 rebounds per game. He played 15.7 minutes per game.