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Jayson Tatum is the most recent member of the NBA’s $300 million membership.
The Boston Celtics star has agreed to a five-year, $314 million contract extension to stay with the reigning NBA champions, an individual with information of the scenario informed The Related Press on Monday.
The brand new pact will start with the 2025-26 season and preserve the five-time All-Star in Boston by means of 2029-30 season, in accordance with the one who spoke on the situation of anonymity as a result of it has not been introduced.
The Athletic and ESPN had been first to report the deal.
BREAKING: Boston Celtics and star Jayson Tatum have reached an settlement on a five-year, $315M supermax extension with a participant possibility that’s the largest contract in NBA historical past, league sources inform @NBAonTNT, @BleacherReport. pic.twitter.com/qVpr94JiAa
— Chris Haynes (@ChrisBHaynes) July 1, 2024
When accomplished Tatum’s new, supermax contract will change into the most important in NBA historical past, supplanting the one signed final offseason by teammate Jaylen Brown, when he inked a five-year deal that may pay him as much as $304 million.
Tatum averaged 26.9 factors, 8.1 rebounds, 4.9 assists and shot 47% from the sector in incomes All-NBA first-team honors for the third consecutive season. These numbers grew to 25 factors, 9.7 rebounds and 6.3 assists per sport throughout a playoff run through which he eclipsed 30 factors six instances, together with 31 of their championship-clinching Sport 5 win over the Dallas Mavericks.
He’ll look so as to add to his {hardware} this summer season as a member of the U.S. males’s basketball group when it makes an attempt to seize its fifth consecutive gold medal. Tatum beforehand received a gold medal on the Tokyo Olympics in 2020.
Information of Tatum’s deal got here on the identical day that fellow Celtics starter Derrick White reportedly agreed to a four-year, $126 million extension. All 5 of Boston’s starters –- Tatum, Brown, White, Jrue Vacation and Kristaps Porzingis — had been already beneath contract for subsequent season. With Tatum and White’s new agreements they now all might be collectively by means of at the least the 2025-26 season.
The deal additionally got here on the heels of the Celtics possession group, led by Wyc Grousbeck, asserting its plans to promote all of its shares by 2028.
Barring any vital roster adjustments, Boston is predicted to have a mixed payroll and luxurious tax that may exceed $400 million when Tatum’s contract takes impact.