With one year remaining on his contract, there is "no chance" Thunder star Russell Westbrook signs an extension, TNT’s David Aldridge reports.

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With one year remaining on his contract, there is "no chance" Thunder star Russell Westbrook signs an extension, TNT’s David Aldridge reports.

“It just makes no sense financially” for Westbrook to renegotiate or extend his contract, Aldridge adds. By choosing to become a free agent in the summer of 2017, Westbrook can take advantage of the NBA’s salary cap increase and sign a contract worth more than he would be able to this summer.

Westbrook, 27, has spent his entire eight-year NBA career with the Thunder. He is a five-time All-Star and averaged 23.5 points, 10.4 assists and 7.8 rebounds per game last season.

• Kevin Durant shakes up the NBA with move to the Warriors​

The upcoming season will be Westbrook’s first without Kevin Durant, who announced Monday that he will sign with the Warriors. Westbrook won the NBA scoring title in 2014–15, when Durant missed most of the season due to injury.