Jrue Holiday signs four-year contract extension with team
BREAKING: After arriving in a blockbuster offseason trade, Boston Celtics guard Jrue Holiday has agreed on a four-year, $135 million contract extension, his agent Jason Glushon of @GlushonSM tells ESPN.
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Holiday signed a four-year, $135 million contract extension with the Celtics, which should be the last contract of his playing career. His current contract runs until the 2024-25 season, but he chose to opt out of the player option to sign a new one. Contracts are not only personal salaries, but also have an impact on team salaries and future contract renewals.
Old Contract》2024-25 season
$37,365,333 + $2,038,560 (salary bonus)
=39.4M
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New Contract》
2024-25 〉 $30,133,929（21.37%）
2025-26 〉 $32,544,643（20.98%）
2026-27 〉 $34,955,357（20.49%）
2027-28 〉 $37,366,071（19.91%）
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2024-25 season operating space》
Before discussing this contract extension, let’s first understand the situation the Celtics will face at the end of this year’s season. The first is that Tatum is bound to sign a 35% Super Max contract extension, and Brown’s contract extension will also officially start. The team’s salary has exceeded Second Apron this year. The estimated team salary increase next year is unexpectedly only 3%. White’s possible renewal price , under these conditions, Stevens still chose to renew Holiday in advance.
Since Holiday has opted out of next year’s player option, the first-year salary of the new contract will be reduced by approximately 7M, significantly reducing the luxury tax and having no salary bonus clause. Paired with Porzingis’ new contract, the salary will also be reduced, allowing Brown’s salary to jump without causing an explosion in the team’s salary. Unlike the Clippers, Warriors or Suns, who have several super-max salaries, considering that only Brown will be at the highest salary level next year, we can still fill the bench with basic salary, second-round contracts or two-way contracts.
On the bench, Pritchard’s off-season contract extension has been tied up for four years, and Queta has signed a formal contract with the team, with a minimum salary next year. Hauser will face a contract extension, and Kornet and Tillman will also sign new contracts. There is a high chance that the latter will be chosen. Therefore, some immediate combat capabilities will be selected in the draft, and Walsh will be asked to come up and test how to strike a balance between luxury tax and combat capabilities. I think Stevens will not disappoint the fans.
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White’s contract renewal issue》
I originally expected Holiday not to renew his contract so soon because I thought White’s performance was too good and it would be very difficult for the team to keep the two of them due to the team’s salary space. I can understand the necessity of keeping him in the trade for Holiday, but considering his age and on-field ability, I would be more inclined to keep White. But now that Holiday has renewed his contract, if he insists on accepting White’s contract extension, his future salary will definitely explode.
Compared with Holiday, I think it would be better for both of them to have an average salary of 25M. But now that Holiday has renewed his contract, White’s contract should not be much worse. If he renews his contract in advance, he can only get the last one. 140% of annual salary = 27.4M, only 17% of team salary,
A four-year contract worth about $112 million would be great if he accepts it, but his performance may make him pursue a better contract.
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Future operations of the team》
Then after the Holiday contract is renewed, the salary reduction for next year’s season will give the team some breathing space. Considering the draft picks it has next year, the team can make the team salary lower than Second Apron through operations. Therefore, the team can still choose to extend the contract to White first, but these two years are the team’s winning window, and they will have to make a choice between players in the future. This extension also gives the team an opportunity for one more year.
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-Ubuntu🦖
2024-04-11 08:00:18
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