What are the terms and conditions of Jrue Holiday’s new contract with the Celtics?
According to Adrian Wojnarowski, Jrue Holiday agreed to a four-year, $135 million extension on Wednesday, erasing any chance he reaches free agency this summer. The deal potentially keeps him in Boston through the 2027-28 season, with that final year a player option.
Terms & Conditions
It has been reported that Holiday has declined his $37.4-million player option as part of his extension with the Celtics. Instead, he will make around $30.1 million next season, resulting in serious luxury tax savings for Boston. This is particularly important as Jaylen Brown begins his super-max extension. If calculated, the Celtics could save $35 million, including the luxury tax.
Holiday’s new contract includes two meaningful wins: $35 million in 2027 when he turns 36 and $37.4 million at 37. This puts him in the company of other NBA greats such as Steph Curry, Al Horford, and LeBron James, who signed the richest contracts this late into their careers.
The role adjustment that Holiday underwent when he joined the Celtics has prepared him to acclimate more successfully into success later in his career. Although this extension probably looks worse in Milwaukee, where he was often depended upon as a No. 2 option on offense, he’s taking 5.3 fewer shots per night in Boston and shooting 43.1% from three. He also has the best corner mark in the league (61.1% on 90 attempts), but primarily, he is orchestrating the defense.
Holiday was signed to a contract after being added to the team in September. A six-month breathing period followed until he became extension-eligible on April 1. The deal was negotiated with his agent, Jason Glushon, who has worked on contracts for Jaylen Brown and Al Horford.
Holiday could have signed a max extension for $221 million, but he wouldn’t find such an offer in the next free agency. Although the two sides could have played out the year on his player option, it was probably less appealing to Holiday, who sacrificed a lot at the age of 33.
Boston Celtics payroll
To secure Holiday, this deal may not come well by 2027-2028 due to the team’s sacrifice of future assets, including a 2028 draft pick swap and two first-round picks. However, the team’s investment in Holiday has paid off immensely in the first year.
