The Boston Celtics have signed their star player, Jayson Tatum, to a record-breaking five-year, $314 million contract extension. This is the largest contract in NBA history. The deal includes a player option and trade kicker, according to ESPN’s Adrian Wojnarowski.
Key Highlights
Historic Deal: Tatum’s contract is now the biggest in NBA history, surpassing the $285 million deal of his teammate, Jaylen Brown.
Tatum’s Achievements: Tatum led the Celtics to their 18th NBA title, averaging 22.2 points, 7.8 rebounds, and 7.2 assists in the finals. He is a five-time All-Star and a four-time All-NBA selection.
Celtics’ Commitment: The Celtics also extended Derrick White’s contract for four years at $126 million. All starting lineup players are under contract through at least the 2025-26 season.
Financial Impact
The Celtics’ payroll for the 2025-26 season will be significant, totaling $198.5 million for just five players. The team faces a potential luxury tax bill of at least $180 million by 2026.
Ownership Changes
On the same day as Tatum’s extension, Celtics ownership announced plans to sell 100% of the franchise. The sale is expected to set a record price, with the team valued at $5.12 billion by Sportico.
Jayson Tatum’s new contract solidifies his place in Celtics history and the NBA. With their core players secured, the Celtics are poised for continued success. The team’s upcoming ownership change will also be a significant event to watch.