This week could be the day that sports teams make a splash on players.
The Boston Celtics have made sure to lock Jaylen Brown for five more years after the two sides agreed on a $304 million extension, the richest deal in NBA history so far.
Brown became eligible for the supermax after making the All-NBA Second Team last season.
He will earn $28.5 million for 2023-2024 under his old contract. That amount for yearly salary will double in the next five years. Here's the breakdown of his new contract:
2024-2025: $52,368,085
2025-2026: $56,557,532
2026-2027: $60,746,979
2027-2028: $64,936,425
2028-2029: $69,125,872
The 2016 third-overall draft pick and the Celtics organization were expected to announce a new deal by July 1, but negotiations got stalled, leaving supporters nervous.
Read more: Sixers' James Harden Gives Scorching Take on Damian Lillard Trade Saga
However, Boston cleared that they would give Brown the deal he deserved and that only minor details were being ironed out.
More details on Brown's contract
The latest deal for Brown comes fully guaranteed, with no player option and a trade kicker.
BREAKING: Boston Celtics star Jaylen Brown has agreed to a five-year, $304 million supermax contract extension with the franchise, per sources. This is the richest deal in NBA history, negotiated by agent Jason Glushon.
— Shams Charania (@ShamsCharania) July 25, 2023
Fully guaranteed, with a trade kicker. No player option. pic.twitter.com/MQ6NKILY8Q
The last two items mean Celtics got extra control of the player in his final year.
This is important since Jayson Tatum is also expected to receive a supermax by next year, which will eclipse what Brown just signed today.
Zach Lowe previously speculated that Brown would sign a massive deal with the Celtics, but there is a possibility that he will finish the contract with another team to make sure they will remain on the salary cap.
Read more: Celtics and Jaylen Brown Supermax Discussions Take a Break
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