Jayson Tatum's Historic NBA Contract: Celtics' Bold Move Amid Ownership Changes

Securing the Future With Record-breaking Commitment

The Boston Celtics are set to solidify their future with star player Jayson Tatum, who will soon ink the largest contract in NBA history, according to a source familiar with the negotiations who spoke to USA TODAY Sports on condition of anonymity. Tatum's new deal will span five years and total an eye-popping $313.9 million, underscoring the Celtics' commitment to securing their cornerstone player well into the future.

USA Today Sports // Peter Casey

Anticipated by many within the league, this record-breaking contract reflects Boston's unwavering determination to retain Tatum and prevent his entry into free agency. In the upcoming 2029-30 season, Tatum is slated to earn an unprecedented $71 million, marking a historic milestone as the NBA's first $70 million player.

Financial Implications and Strategic Planning

The Celtics have recently made substantial financial moves, including reaching agreements with guard Derrick White on a substantial four-year, $125.9 million contract, and extending guard Jrue Holiday's tenure with a four-year, $134.4 million deal finalized in April. Looking ahead to the 2025-26 season, projections indicate that Boston will allocate nearly $200 million in salaries alone to Tatum, White, Holiday, Jaylen Brown, and Kristaps Porzingis, highlighting their investment in building a formidable roster. Tatum's salary structure is based on projections tied to an estimated $154 million salary cap for the 2025-26 season. According to ESPN's Bobby Marks, his annual earnings will escalate as follows:

2025-26: $54.1 million
2026-27: $58.4 million
2027-28: $62.7 million
2028-29: $67.1 million
2029-30: $71.4 million

These financial commitments come amidst significant expenditures for the Celtics, who have already paid over $110 million in luxury taxes over the past two seasons and anticipate spending at least $50 million in the 2024-25 season. With Tatum's contract set to commence in 2025-26, these figures are expected to rise substantially.

Ownership Shifts: Celtics' Future Beyond the Court

Compounding these financial decisions, the Boston Basketball Partners L.L.C., the team's ownership group, has announced plans to sell all shares of the franchise. Citing estate and family planning considerations, the ownership group intends to sell a majority interest by 2024 or early 2025, with full divestiture expected by 2028.

Amidst these transitions, the Celtics are forging ahead with a strategic financial outlook aimed at securing their competitive edge while navigating ownership changes in the years to come.