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Jrue Holiday’s $135 million extension should hold up well.
Morten Stig Jensen Contributor
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Apr 11, 2024,04:34pm EDT
Boston Celtics v Milwaukee Bucks
MILWAUKEE, WISCONSIN – APRIL 09: Jrue Holiday #4 [+]
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Jrue Holiday and the Boston Celtics have agreed to a four-year contract extension worth $135 million.
Holiday, who will turn 34 in June, has become a major influence for the Celtics, since being acquired last summer, having lifted their defensive intensity, while providing a reliable three-point shooting element.
While specific year-to-year salaries are still unknown, Holiday’s extension is worth less than his current salary, meaning the Celtics will save money in luxury tax payments, even if the specific number
Holiday, who earns $36.8 million this season, is anticipated to begin his extension at around $30-31 million. With the salary cap expected to rise by at least 4.4% and Holiday’s pay decreasing, his overall individual cap impact will fall, lowering Boston’s eventual luxury tax charge in 2025.
According to Keith Smith of Spotrac, Boston’s luxury tax savings for next year might be over $38 million.
It’s a big deal for a player his age. The deal ends just days before his 38th birthday, and it’s legitimate to wonder if Holiday will be as effective as he is now
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