Boston Celtics guard Jrue Holiday has signed a lucrative four-year, $135 million contract extension after being acquired in a major trade during the offseason. His agent, Jason Glushon of Glushon Sports Management, confirmed the agreement on Wednesday, revealing that Holiday has opted out of his $37.3 million player option for the 2024-25 season to secure a long-term deal lasting through 2027-28.
The extension for Holiday not only solidifies his future with the Celtics but also provides financial flexibility for the team, allowing them to maintain a core group of talented and high-priced players like Jayson Tatum, Jaylen Brown, Kristaps Porzingis, Derrick White, and Holiday, who have propelled the franchise to the best record in the NBA this season. With Holiday’s extension, the Celtics are now set to become a second apron team in the 2024-25 season.
Holiday’s new contract puts him in an elite group of NBA players who have signed guaranteed deals worth over $100 million at the age of 33 or older, joining the likes of LeBron James, Stephen Curry, and Al Horford. His new deal mirrors the timing of his previous extension with the Milwaukee Bucks, where he arrived in a trade from the New Orleans Pelicans, eventually leading to an NBA championship and an Olympic gold medal.
Despite a decrease in scoring average since joining the Celtics, Holiday has showcased exceptional shooting skills, notably shooting a career-best 43% on 3-pointers. His defensive prowess remains a crucial asset to the team, as he has effectively guarded players across various positions, including guards, forwards, and centers this season. Notably, Holiday has defended top players like Jalen Brunson, Giannis Antetokounmpo, and Zion Williamson in key matchups.
Holiday’s journey to the Celtics began with a trade from the Portland Trail Blazers, following a complex three-way deal that landed Damian Lillard with the Bucks. His extension has significantly impacted the free-agent market, eliminating a coveted player who would have drawn interest across the league, particularly in Philadelphia, where there is potential for a maximum salary slot.
Looking ahead, Holiday aims to replicate his past successes with the Celtics and Team USA, maintaining his status as a valuable asset to the team and a key contributor to their continued growth and success.