Jrue Deal for Holiday
- Thread starter boca
- Start date
Identical to the extension he signed 3 years ago, obviously slightly less valuable (to him) given inflation and a rising cap, but definitely good for him considering this is for his mid 30s, rather than early 30s. Expensive, but everything is gonna be expensive now, and getting this done is good vibes for the playoffs.
I'm so fucking hyped right now. I absolutely love Jrue and think he's about to remind everyone how elite talent like his shines brightest in the playoffs. He keeps his body in great shape and excels with technique and strength so I'm totally expecting him to play at an elite level for several more years.
So good.
This core is a fucking wagon. You keep it around for whatever it costs and ride it as long as you can.
Awesome awesome awesome job not letting him get to free agency.
This core is a fucking wagon. You keep it around for whatever it costs and ride it as long as you can.
Awesome awesome awesome job not letting him get to free agency.
Agreed, so this increases my optimism that they are simply going to pay what it takes to be great.
Fingers crossed.
Heh! I was gonna say identically “It’s not my money!” It’s about what I’d expect Jrue’s side to demand with the only question being whether Wyc would pony up. It’s not my money.
Very likely the case especially with how Jrue easily and comfortably sacrificed his own personal numbers.
Wonder how this affects White and Horford. I think White re-signs and Horford is not brought back/retires. The Tillman trade had this in mind.
I think this can only be good news regarding White. I don't see them giving this money to Jrue unless they were prepared to do what it takes to keep White long term. In other words, if you can only keep one, you keep White, so this is s sign they are planning to keep both.
One of the reasons I love this is that it removes any uncertainty heading into the playoffs. The team knows he will be sticking around, he knows he will be sticking around, there are no conflicts of interest. Now just go win it all, then win 1-2 more, and who cares what the contract looks like in 3 years.
I’d put -250 odds on it being Jaylen in 2 years barring two consecutive championships and a different way to save cash that miraculously drops in their laps.
Also DWhite is effectively done or there is at a minimum “an understanding” from what I’ve been told.
Either way this is the team for the next two years.
So while this adds money long term, he actually saves them $35M in tax next year by taking a $7.3M paycut off his player option
Bingo. I’ve maintained this all along. Celtics have a very good relationship with his agent, they agreed to the trade. No way he was going anywhere.
I must admit I thought the contract would be more like 4/124 but who gives a shit. Most important thing is he’s going to be around.
Now lock up D White. Let’s give this top 8 at least 2 years together (Al retiring is the only reason why I didn’t say 3)
Banners live forever. Wyc can afford not getting another private jet or making his great grandkid not getting a Ferrari without working a day in his life
Yup. All about payroll flexibility in the near term. Good catch. And great job by Zarren and Co.
Yes he is, but if they win it all he could easily hang it up. Tradeable deal if need be too.
He had a $39.5m player option for next year, so this can be viewed as an additonal 3 years on top of that at $95.5 million?
There is no way they move Al.
I guess he could retire, but he’s playing at a super high level, would be really surprised.
No he declined the option. This is a new 4 year deal. The option had incentives in it that would’ve counted toward the apron. Now there isn’t any. Saves that plus a shitload of tax money.
It was 37.3 base plus options to 39ish (likely so counted towards tax).
He rips it up and signs a new deal with a 30M base in 2025.
I would guess it is almost identical to the one he's on now:
https://www.spotrac.com/nba/boston-celtics/jrue-holiday-6316/
NOT MY MON-EY
*CLAP CLAP CLAPCLAPCLAP*
great news. And not just for keeping Jrue. This was the "odd man out" contract - if things were going to get too rich for Wyc's blood, this was the one to jettison, because they're obviously going to max Tatum and give White all the dollars they're allowed to give him. So signing this means we're going to be in on the rest, too. Probably Hauser, but definitely White. We'll still be able to trade any of the guys in a year or two if necessary, but at least it's now very likely that this group rides again, at least for next year.
*CLAP CLAP CLAPCLAPCLAP*
great news. And not just for keeping Jrue. This was the "odd man out" contract - if things were going to get too rich for Wyc's blood, this was the one to jettison, because they're obviously going to max Tatum and give White all the dollars they're allowed to give him. So signing this means we're going to be in on the rest, too. Probably Hauser, but definitely White. We'll still be able to trade any of the guys in a year or two if necessary, but at least it's now very likely that this group rides again, at least for next year.
ESPN reports that Holiday will become the fourth player to sign a guaranteed deal worth more than $100 million at 33 or older -- a list that also includes LeBron James, Stephen Curry and Al Horford.
Not sure how they are getting that, Butler just signed a 3 year deal worth way over 100M.
+1. Keeping the band together
Brad & Glushon had the parameters of this deal done before the PDX trade was even completed.
Pricey compared to KP's extension but it's not OUR money. Wyc/Steve can sell a stake to MGM for a few billion, and retain control (Cuban deal).
White is a done deal this Summer at $122MM/4yrs
Get Hauser extension done & sign either Luke/Tillman (or both
)
Brad & Glushon had the parameters of this deal done before the PDX trade was even completed.
Pricey compared to KP's extension but it's not OUR money. Wyc/Steve can sell a stake to MGM for a few billion, and retain control (Cuban deal).
White is a done deal this Summer at $122MM/4yrs
Get Hauser extension done & sign either Luke/Tillman (or both
)
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Does anyone have any sense as to the value to ownership — in real dollars, not just ego — of a championship?
I feel like GSW was a loser of a franchise pre-Curry. They spent a ton, including tax dollars, to earn all those chips, and I’m sure their franchise value ballooned, but how did those two things balance out?
How about revenues from merchandise? And all those playoff home games?
I feel like GSW was a loser of a franchise pre-Curry. They spent a ton, including tax dollars, to earn all those chips, and I’m sure their franchise value ballooned, but how did those two things balance out?
How about revenues from merchandise? And all those playoff home games?
The math on that is complex---some of the benefit is ancillary cash flows (merchandise, local tv, local sponsorships, tickets, local partnerships). Some is enterprise value going up. My undestanding is Celtics have a set of owners, and so the benefit may also be allocated amongst them in ways that are not visible or obvious.
One big factor in GS favor is they owned (and developed) the new stadium, which is a huge cash cow. The Celtics don't have that benefit---they are essentially a glorified tenant of the Bruins.
Another possible consideration: Pagliuca is very politically active; having a very successful sports franchise you can point to is helpful there as well.
The limited analysis I've seen suggests that, as you'd imagine, if you build a dynasty it pays for itself. But it is also easy to overpay for one title.
My guess, without deep financial knowledge but having watched this ownership group over the years (they paid tax during Garnett years) is that they are going to do a couple big years of spending here.
One big factor in GS favor is they owned (and developed) the new stadium, which is a huge cash cow. The Celtics don't have that benefit---they are essentially a glorified tenant of the Bruins.
Another possible consideration: Pagliuca is very politically active; having a very successful sports franchise you can point to is helpful there as well.
The limited analysis I've seen suggests that, as you'd imagine, if you build a dynasty it pays for itself. But it is also easy to overpay for one title.
My guess, without deep financial knowledge but having watched this ownership group over the years (they paid tax during Garnett years) is that they are going to do a couple big years of spending here.
Golden State Warriors franchise value in 2023 (est) $7.7B
GOLDEN STATE WARRIORS sold for $450 million in July 2010 (that was pricey compared to other NBA teams)
Curry joined in 2009
https://www.forbes.com/sites/mikeozanian/2023/10/26/the-most-valuable-nba-teams-2023/?sh=57e426a7209d
True, but the baseline increase in franchise value is pretty large as well: Knicks were worth $586 mil in Dec 2009 and without winning anything at all were worth $6.6 billion in 2023.
GS winning probably explains how they went from roughly 30% less valuable than the Knicks to roughly 16% more valuable though
Final year of the deal is a player option. Not that him exercising it is in doubt, but still.
View: https://twitter.com/adamhimmelsbach/status/1778201294097781099
View: https://twitter.com/adamhimmelsbach/status/1778201294097781099
So an increase in value of over $7B.
By my quick calculation, they paid roughly $750M in luxury tax during that time.
Pretty good ROI.
By my quick calculation, they paid roughly $750M in luxury tax during that time.
Pretty good ROI.
Yeah they save about $38m. Nicely done.
View: https://twitter.com/KeithSmithNBA/status/1778220830616436973
Without knowing the exact details of Jrue Holiday's salary for next season (Year 1 of his new extension), our estimate on @spotrac is that Boston will save about $38M in tax penalties by reducing Holiday's salary from a projected ~$39M to an estimated ~$30M.
View: https://twitter.com/KeithSmithNBA/status/1778220830616436973
Without knowing the exact details of Jrue Holiday's salary for next season (Year 1 of his new extension), our estimate on @spotrac is that Boston will save about $38M in tax penalties by reducing Holiday's salary from a projected ~$39M to an estimated ~$30M.
I love this. Heck, I love Jrue (y'know, in a manly remote keyboard dude kind of way).
And I wanted to add that I think banners have value. And then folks who know way more about this than I do chimed in...
And I wanted to add that I think banners have value. And then folks who know way more about this than I do chimed in...
FWIW, I think banner 18 is the most valuable one of all. Until 19...
Talking ownership math, the other thing to note is a great time to sell high is after a couple titles with a core intact. So that is also a possible scenario (or, if one is cynical, part of the plan).
But my guess remains they just want to win and have decided to spend for a few years, and likely have made plenty since they last paid heavy taxes anyway
But my guess remains they just want to win and have decided to spend for a few years, and likely have made plenty since they last paid heavy taxes anyway