Current:Home > FinanceBoston Celtics to sign star Jayson Tatum to largest contract in NBA history -TrueNorth Capital Hub
Boston Celtics to sign star Jayson Tatum to largest contract in NBA history
View
Date:2025-04-15 13:51:29
Jayson Tatum will sign a five-year, $313.9 million extension with the Boston Celtics, a person with knowledge of the deal tells USA TODAY Sports. The person requested anonymity because he was not authorized to speak publicly until the deal is official.
This was an expected move as the Celtics had no intention of letting Tatum get to free agency. It is the largest contract in NBA history, and Tatum is expected to make $71 million in 2029-30, which will make him the first $70 million player in league history.
The Celtics and guard Derrick White just reached an agreement on a four-year, $125.9 million, and guard Jrue Holiday signed a four-year, $134.4 million extension in April. In the 2025-26 season, the Celtics are projected to pay nearly $200 million in salary to a starting five of Tatum, White, Holiday, Jaylen Brown and Kristaps Porzingis.
Tatum’s annual salary breakdown is based on a salary cap projection of approximately $154 million for the 2025-26 season. Here is what Tatum’s annual salary looks like, according to ESPN front office insider Bobby Marks:
- 2025-26: $54.1 million
- 2026-27: $58.4 million
- 2027-28 $62.7 million
- 2028-29: $67.1 million
- 2029-30: $71.4 million
All things Celtics: Latest Boston Celtics news, schedule, roster, stats, injury updates and more.
The Celtics have $600 million plus committed in salary to Tatum and Brown, have paid more than $110 in luxury taxes the past two seasons and will pay at least $50 million in 2024-25. The amount will be even larger when Tatum’s deal kicks in in 2025-26.
The major financial commitments come at the same time the Celtics ownership group is looking into putting the team up for sale.
"Boston Basketball Partners L.L.C., the ownership group of the Boston Celtics, announced today its intention to sell all the shares of the team," the team said in the statement. "The controlling family of the ownership group, after considerable thought and internal discussion, has decided to sell the team for estate and family planning considerations."
The team said it expects to sell a majority interest in 2024 or early 2025, "with the balance closing in 2028."
Contributing: Steve Gardner
veryGood! (9267)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Ethan Slater Makes Instagram Account Private Amid Ariana Grande Romance
- Fall Fashion Finds You Can Get on Sale Right Now: Sweaters, Scarves, Boots, Denim & More
- Jamie Lynn Spears Details How Public Scrutiny Over Britney Spears Drama Impacted Her Teen Daughter
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Stop High Heel Pain Before It Starts With This Foot Spray
- Save 44% On a Bertello Portable Pizza Oven That’s Fast and Easy To Use
- Amy Schumer Reacts to Barbie Movie After Dropping Out of Earlier Version
- The White House is cracking down on overdraft fees
- This $30 Deal on an $80 Soniclean Electric Toothbrush Will Give You Reasons To Smile
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Get a $198 J.Crew Dress for $32 and More Jaw-Dropping Deals Starting at $6
- We Solemnly Swear You'll Want to See Daniel Radcliffe's Transformation Over the Years
- Iran’s hijab law brings united front among country’s women
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- NASA's mission to purposely collide with asteroid sent 'swarm of boulders' into space
- The View Co-Creator Bill Geddie Dead at 68
- Amy Schumer Honors Women Killed in Trainwreck Movie Theater Shooting on 8th Anniversary
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
How Jackie Kennedy Reacted to Marilyn Monroe's Haunting Phone Call to John F. Kennedy: Biographer
Nordstrom Anniversary Sale 2023: The Best Deals on Activewear from Alo, Adidas, Zella, & FP Movement
Separate boat crashes in Cape Cod and the Ozarks leave 1 dead, 13 injured: Police
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Madison Beer Claps Back at Body Shamer Saying She's Getting Fatter
Retired MLS Goalkeeper Brad Knighton's 11-Year-Old Daughter Olivia Killed in Boating Accident
Karlie Kloss Reveals Name of Baby No. 2 With Joshua Kushner