Why Jrue Holiday extension creates welcome conundrum for Celtics future
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Why Jrue Holiday extension creates welcome conundrum for Celtics future
https://www.masslive.com/celtics/2024/04/why-jrue-holiday-extension-creates-welcome-conundrum-for-celtics-future-robb.html
Why Jrue Holiday extension creates welcome conundrum for Celtics future
Published: Apr. 11, 2024, 1:06 p.m.
Boston Celtics' Jrue Holiday tries to get past Milwaukee Bucks' Damian Lillard during the first half of an NBA basketball game Thursday, Jan. 11, 2024, in Milwaukee. (AP Photo/Morry Gash)AP
By Brian Robb | brobb@masslive.com
The Celtics officially signed Jrue Holiday to a four-year extension on Thursday, a move that will keep the guard under contract through the 2027-28 season. Holiday turned down a $37.3 million player option for next year to agree to a modest paycut that will give him more long-term security in Boston.
The new deal ensures Boston will be able to retain their top-6 core for at least one more season ahead of their title run during the 2024 postseason. However, the length of the deal for the 34-year-old poses questions as hefty paydays loom for Boston’s other stars. So where does that leave Boston for the future? Let’s take a closer look at the implications of Holiday’s contract and a few tricky but welcome issues it could create down the line.
SHORT TERM IMPACT
The Celtics officially have the ability to run it back next season with no drama heading into the offseason. After Holiday signed his new deal, the best remaining unsigned free agents Boston has on their roster are Luke Kornet and Xavier Tillman. Both of those bigs aren’t going to break the bank (if the team wants them back) but the uncertainty of the offseason fades now for the team’s core.
If Holiday had declined his player option, the Celtics would have potentially sweated out the free agent market with a couple of East playoff teams (Orlando, Philadelphia) having the cap space and positional need to make a run at Holiday. Instead, the Celtics eliminate that drama (and the possibility they would have no reasonable means to replace Holiday if he departed) by offering him a long-term deal. Holiday gave up some short-term money ($7 million) to secure an outsized payday for himself in the twilight of his career. Just how well the 34-year-old ages remains to be seen but it’s a very real possibility he will be overpaid for his protection in a few years, whether he’s still playing in Boston or somewhere else.
The move makes sense though for the Celtics on a variety of fronts though. Holiday has sacrificed a lot this year (numbers wise) so taking care of him sends a strong message to the team’s core and other players around the league. There’s also the cost-benefit savings for next year since Holiday’s roughly 20 percent paycut in his salary will translate to $35 million in luxury tax penalty savings for next year.
Chances could happen this offseason to this roster’s core if the team suffers an ugly unexpected playoff exit. Barring that, this deal makes it easier for the front office to run it back.
WHAT ABOUT A DERRICK WHITE EXTENSION?
White still remains under contract for one more at a team-friendly number ($19.6 million) but the two sides already had extension negotiations last summer and are likely to do so again this offseason. The fair question is now whether there is enough money left for White a long-term deal after the new Holiday pact.
Naturally, there’s less urgency for Boston to get a deal done with White right away given his contract situation versus Holiday (who could have become a free agent this summer). However, it’s clear that White’s market value should only be going up after a breakout year in Boston as he enters his prime. If White is holding out for max earnings, it’s fair to wonder whether even the max extension Boston can offer him is enough to lock him in.
Ultimately, the looming question here are going to be settled by White’s priorities. A team-friendly extension would certainly get done this offseason if he’s open to it but would he be willing to take it if there’s a possibility he could be dealt down the road during a luxury tax crunch looming ahead of the 2025-26 season. Only Boston’s ownership knows what type of payroll they will be able to handle at that point just as super max deals kick in for Jayson Tatum and Jaylen Brown.
HOW LONG CAN THIS CORE STAY TOGETHER?
The new CBA was created to punish the big spenders, both in team building and with the wallet. Boston’s roster is currently constructed where the team building punishments are manageable. If everyone that matters is already under contract, the ability to add free agents or make unbalanced trades matters a lot less.
However, the repeater tax penalties the Celtics are on pace for after this Holiday deal are unprecedented. Big spending teams like the Warriors and Clippers have paid over $100 million in tax for the past couple of years. Currently, the Celtics’ payroll (if White re-signs) for the 2025-26 season would be on pace to cost over 300 million in tax penalties alone. Boston’s ownership can posture all they want but that’s a spend no one is expecting to occur for obvious reasons.
With that said, that’s a problem for down the road and potentially a solvable one for Boston. There are simple solutions to the issue (let Derrick White walk?) or complicated ones (move Jaylen Brown’s deal?). Signing team-friendly movable mid-tier contracts (Holiday, Porzingis) help the cause as well since if Boston does ultimately need to dump salary, these guys should still have value on those deals rather than Boston needing to attach assets to move the money.
Ultimately, it’s impossible to guess now which direction the team will go in when this bill becomes due since it’s so dependent on how this team performs this year and next year. A couple of titles may make ownership more open to spending more or make decisions easier about the most integral parts of the supporting cast.
Either way, the Celtics are well positioned to make a strong push with this core for at least one more year and stay atop the East.
Bob
.
Why Jrue Holiday extension creates welcome conundrum for Celtics future
Published: Apr. 11, 2024, 1:06 p.m.
Boston Celtics' Jrue Holiday tries to get past Milwaukee Bucks' Damian Lillard during the first half of an NBA basketball game Thursday, Jan. 11, 2024, in Milwaukee. (AP Photo/Morry Gash)AP
By Brian Robb | brobb@masslive.com
The Celtics officially signed Jrue Holiday to a four-year extension on Thursday, a move that will keep the guard under contract through the 2027-28 season. Holiday turned down a $37.3 million player option for next year to agree to a modest paycut that will give him more long-term security in Boston.
The new deal ensures Boston will be able to retain their top-6 core for at least one more season ahead of their title run during the 2024 postseason. However, the length of the deal for the 34-year-old poses questions as hefty paydays loom for Boston’s other stars. So where does that leave Boston for the future? Let’s take a closer look at the implications of Holiday’s contract and a few tricky but welcome issues it could create down the line.
SHORT TERM IMPACT
The Celtics officially have the ability to run it back next season with no drama heading into the offseason. After Holiday signed his new deal, the best remaining unsigned free agents Boston has on their roster are Luke Kornet and Xavier Tillman. Both of those bigs aren’t going to break the bank (if the team wants them back) but the uncertainty of the offseason fades now for the team’s core.
If Holiday had declined his player option, the Celtics would have potentially sweated out the free agent market with a couple of East playoff teams (Orlando, Philadelphia) having the cap space and positional need to make a run at Holiday. Instead, the Celtics eliminate that drama (and the possibility they would have no reasonable means to replace Holiday if he departed) by offering him a long-term deal. Holiday gave up some short-term money ($7 million) to secure an outsized payday for himself in the twilight of his career. Just how well the 34-year-old ages remains to be seen but it’s a very real possibility he will be overpaid for his protection in a few years, whether he’s still playing in Boston or somewhere else.
The move makes sense though for the Celtics on a variety of fronts though. Holiday has sacrificed a lot this year (numbers wise) so taking care of him sends a strong message to the team’s core and other players around the league. There’s also the cost-benefit savings for next year since Holiday’s roughly 20 percent paycut in his salary will translate to $35 million in luxury tax penalty savings for next year.
Chances could happen this offseason to this roster’s core if the team suffers an ugly unexpected playoff exit. Barring that, this deal makes it easier for the front office to run it back.
WHAT ABOUT A DERRICK WHITE EXTENSION?
White still remains under contract for one more at a team-friendly number ($19.6 million) but the two sides already had extension negotiations last summer and are likely to do so again this offseason. The fair question is now whether there is enough money left for White a long-term deal after the new Holiday pact.
Naturally, there’s less urgency for Boston to get a deal done with White right away given his contract situation versus Holiday (who could have become a free agent this summer). However, it’s clear that White’s market value should only be going up after a breakout year in Boston as he enters his prime. If White is holding out for max earnings, it’s fair to wonder whether even the max extension Boston can offer him is enough to lock him in.
Ultimately, the looming question here are going to be settled by White’s priorities. A team-friendly extension would certainly get done this offseason if he’s open to it but would he be willing to take it if there’s a possibility he could be dealt down the road during a luxury tax crunch looming ahead of the 2025-26 season. Only Boston’s ownership knows what type of payroll they will be able to handle at that point just as super max deals kick in for Jayson Tatum and Jaylen Brown.
HOW LONG CAN THIS CORE STAY TOGETHER?
The new CBA was created to punish the big spenders, both in team building and with the wallet. Boston’s roster is currently constructed where the team building punishments are manageable. If everyone that matters is already under contract, the ability to add free agents or make unbalanced trades matters a lot less.
However, the repeater tax penalties the Celtics are on pace for after this Holiday deal are unprecedented. Big spending teams like the Warriors and Clippers have paid over $100 million in tax for the past couple of years. Currently, the Celtics’ payroll (if White re-signs) for the 2025-26 season would be on pace to cost over 300 million in tax penalties alone. Boston’s ownership can posture all they want but that’s a spend no one is expecting to occur for obvious reasons.
With that said, that’s a problem for down the road and potentially a solvable one for Boston. There are simple solutions to the issue (let Derrick White walk?) or complicated ones (move Jaylen Brown’s deal?). Signing team-friendly movable mid-tier contracts (Holiday, Porzingis) help the cause as well since if Boston does ultimately need to dump salary, these guys should still have value on those deals rather than Boston needing to attach assets to move the money.
Ultimately, it’s impossible to guess now which direction the team will go in when this bill becomes due since it’s so dependent on how this team performs this year and next year. A couple of titles may make ownership more open to spending more or make decisions easier about the most integral parts of the supporting cast.
Either way, the Celtics are well positioned to make a strong push with this core for at least one more year and stay atop the East.
Bob
.
bobheckler- Posts : 62250
Join date : 2009-10-28
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
A statement from Brad says it all:
In addition to being one of the more accomplished players in the league, Jrue is an elite teammate and competitor,” Stevens said in a statement put out by the Celtics. “He is simply a person who raises everyone’s level around him. He combines an unselfishness to do whatever is best for the team with an edge to take on any challenge at any time. We are grateful that Jrue is a Celtic.”
In addition to being one of the more accomplished players in the league, Jrue is an elite teammate and competitor,” Stevens said in a statement put out by the Celtics. “He is simply a person who raises everyone’s level around him. He combines an unselfishness to do whatever is best for the team with an edge to take on any challenge at any time. We are grateful that Jrue is a Celtic.”
RosalieTCeltics- Posts : 40996
Join date : 2009-10-17
Age : 77
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
I just read an article quoting Howard beck ?? According to him, JB will be traded, along with Pritchard and no Al. Isn’t it amazing what one signing will do to the rumor mill???
RosalieTCeltics- Posts : 40996
Join date : 2009-10-17
Age : 77
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
Signing Holiday to this extension is a calculated and expensive risk, and one that I am happy to see ownership take.
I believe this puts us firmly into the second taxpayer apron under the new CBA. Welcome to tax hell. Ironically appropriate with April 15 fast approaching.
Holiday is a player that fits well into what must be considered the league's best starting 5. He is also starting to show signs of some injuries that appear chronic (I'm not a real doctor, but...). The new CBA is designed in part to keep teams from having a big 3 or better, and level the competition. The Holiday extension assures us of having 5 solid players to start for the next year, perhaps two. IF they can stay healthy. Porzingis and Holiday staying healthy and on the floor are the biggest risks to maintaining this super-5 in my opinion.
Like every other team, the Celtics will need to scramble for what will likely be an ever-changing bunch of faces for seats 6 - 15 on the bench. Perhaps seats 7 - 15 figuring Pritchard will be here too.
Regardless, not many teams will be able to trot out a similarly strong and established starting 5 for the next couple of seasons.
My compliments to ownership for knowing when to push the chips to the center of the table and take the risk to go all in.
I believe this puts us firmly into the second taxpayer apron under the new CBA. Welcome to tax hell. Ironically appropriate with April 15 fast approaching.
Holiday is a player that fits well into what must be considered the league's best starting 5. He is also starting to show signs of some injuries that appear chronic (I'm not a real doctor, but...). The new CBA is designed in part to keep teams from having a big 3 or better, and level the competition. The Holiday extension assures us of having 5 solid players to start for the next year, perhaps two. IF they can stay healthy. Porzingis and Holiday staying healthy and on the floor are the biggest risks to maintaining this super-5 in my opinion.
Like every other team, the Celtics will need to scramble for what will likely be an ever-changing bunch of faces for seats 6 - 15 on the bench. Perhaps seats 7 - 15 figuring Pritchard will be here too.
Regardless, not many teams will be able to trot out a similarly strong and established starting 5 for the next couple of seasons.
My compliments to ownership for knowing when to push the chips to the center of the table and take the risk to go all in.
NYCelt- Posts : 10764
Join date : 2009-10-12
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
Bobby Manning @RealBobManning
about 28 minutes ago
Asked Brad Stevens about Derrick White's future after the Holiday extension. He wouldn't comment until White becomes eligible to negotiate again this summer, but said "we want to keep him around for as long as we can."
Bob
.
about 28 minutes ago
Asked Brad Stevens about Derrick White's future after the Holiday extension. He wouldn't comment until White becomes eligible to negotiate again this summer, but said "we want to keep him around for as long as we can."
Bob
.
bobheckler- Posts : 62250
Join date : 2009-10-28
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
We should not assume that the Celtics will start moving players.
The current NBA TV contract (around $2.6 billion annually) will expire at the end of next season. Projection indicates a new deal could be in the $8 billion range. Since the NBA CAPS and Luxury tax threshold are based on revenue, a substantial increase in revenue will push the limits higher.
Also, per Adam Silver the NBA has expansion plans to add 2 more teams. Each team would be looking at an entry fee in the $3-4 billion range. Each current NBA team would get a piece of the action . So for example if the fee was $3 billion per team ($6 billion), 30 teams would get around $200 million payment each. That money could be used to cover the luxury tax for an owner that wants to retain the best players on his team.
Behind the scenes, the Celtics fully understand those dynamics (new TV money and new franchise windfall)
Before we start trading away the Jaylen Browns of the world we should first understand the revenue dynamics of the NBA down the road a bit.
The current NBA TV contract (around $2.6 billion annually) will expire at the end of next season. Projection indicates a new deal could be in the $8 billion range. Since the NBA CAPS and Luxury tax threshold are based on revenue, a substantial increase in revenue will push the limits higher.
Also, per Adam Silver the NBA has expansion plans to add 2 more teams. Each team would be looking at an entry fee in the $3-4 billion range. Each current NBA team would get a piece of the action . So for example if the fee was $3 billion per team ($6 billion), 30 teams would get around $200 million payment each. That money could be used to cover the luxury tax for an owner that wants to retain the best players on his team.
Behind the scenes, the Celtics fully understand those dynamics (new TV money and new franchise windfall)
Before we start trading away the Jaylen Browns of the world we should first understand the revenue dynamics of the NBA down the road a bit.
dboss- Posts : 19135
Join date : 2009-11-01
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
All we have to do is listen to big mouth Shaq..........THE BOSTON CELTICS ARE THE MOST OVERRATED TEAM IN THE NBA. I hope someone prints that out and puts it on in the locker room in huge letters. This is almost like listening to Perk
RosalieTCeltics- Posts : 40996
Join date : 2009-10-17
Age : 77
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
RosalieTCeltics wrote:All we have to do is listen to big mouth Shaq..........THE BOSTON CELTICS ARE THE MOST OVERRATED TEAM IN THE NBA. I hope someone prints that out and puts it on in the locker room in huge letters. This is almost like listening to Perk
Shaq is just salty because the Celtics may remove the need for the bubble asterisk this season. No, not all the asterisks for the championships while at Minny. I'm talking about their last asterisk, from the bubble season.
_________________
gyso- Posts : 22870
Join date : 2009-10-13
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
You are what your record says you are. Was our 64-18 record based on the Celtics being overrated?
I think not.
This is the time of year when the talking heads prove that there may not be a functioning brain in their heads.
I think not.
This is the time of year when the talking heads prove that there may not be a functioning brain in their heads.
dboss- Posts : 19135
Join date : 2009-11-01
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
dboss wrote:You are what your record says you are. Was our 64-18 record based on the Celtics being overrated?
I think not.
This is the time of year when the talking heads prove that there may not be a functioning brain in their heads. I doubt the Celtics need motivation and they refuse to be influenced by all the white noise.
dboss- Posts : 19135
Join date : 2009-11-01
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
Hey, I just turned on the tv, Steven A Smith was on some soap opera !!! Acting!!!! what a world
RosalieTCeltics- Posts : 40996
Join date : 2009-10-17
Age : 77
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
RosalieTCeltics wrote:Hey, I just turned on the tv, Steven A Smith was on some soap opera !!! Acting!!!! what a world
Rosalie
As you know Stephen A is from NY and has been a Knicks fan forever.
I have close friends from NY and they have experienced a dreadful time year after year while supporting the Knicks. They are boastful and always entertain over the top expectations
The Knicks hit the 50 win mark for the first time since the 1999-00 season. Almost a quarter of a century has passed since the last time they won 50 games.
They are a legit contender to win the East. Defensively they are almost as good as Boston.
I am sure that if you or I had our own sports show we would never hesitate to green it up.
dboss- Posts : 19135
Join date : 2009-11-01
Re: Why Jrue Holiday extension creates welcome conundrum for Celtics future
General Hospital. Whoever is Steven A.'s promoter/agent deserves some credit. Like SAS or not, he's all over the place and will always be the "E" in ESPN. Vociferous, yet charming. It wouldn't surprise me if SAS was his own agent!
db
db
dbrown4- Posts : 5544
Join date : 2009-10-29
Age : 60
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