The Boston Celtics have answered their most pressing question of the offseason. Jaylen Brown will be part of the franchise for the foreseeable future.
The Celtics' wing has agreed to terms on a five-year supermax contract extension that will pay him up to $304 million, his agent said Tuesday.
It's the richest contract in NBA history, surpassing the $264 million deal signed by Nuggets center Nikola Jokic last summer.
The deal was first reported by ESPN and confirmed to The Associated Press by Brown’s agent, Jason Glushon.
It keeps Brown with the team that drafted him third overall in 2016 and watched him develop into a two-time All-Star.
He averaged career highs of 26.6 points, 6.9 rebounds and 3.5 assists last season. But those numbers went down in the playoffs, when the Celtics lost to the Miami Heat in the Eastern Conference finals. In Game 7, Brown had 19 points on 8-of-23 shooting, making just one of nine 3-point attempts.
Still, the totality of his time in Boston has made him a key piece of the franchise's current core that management wasn't willing to risk seeing depart when his current four-year deal expires after next season.
By virtue of making the All-NBA second team — Brown's first such honor in his career — he was eligible for the supermax extension.
From the moment this past season ended, Celtics president of basketball operations Brad Stevens has been adamant that he wanted to see Brown sign a long-term deal.
“He’s a big part of us. We believe in him and I’m thankful for him,” Stevens said last month. "I’m really thankful that when those guys have success they come back to work. And when they get beat, they own it and they come back to work. And so I know that’s what they’re about. And that’s hard to find.”
Those sentiments were echoed by All-Star Jayson Tatum, who has paired with Brown to lead the Celtics' one-two punch in their runs to the NBA Finals in 2021-22 and the conference finals last season.
Following Boston's East finals loss in May, Tatum said retaining Brown long-term was “extremely important.”
“He’s one of the best players in this league," Tatum said. "He plays both ends of the ball and still is relatively young. And he’s accomplished a lot so far in his career. So, I think it’s extremely important.”
Brown's new contract likely will lead to some financial maneuvering down the road with the league’s new collective bargaining agreement bringing more limitations on how teams construct their rosters and additional luxury tax penalties.
Tatum is still playing under his rookie extension that kicked in last season and will be eligible for his potential supermax extension next summer.
Between Bells executive producer Conor White recaps some of the biggest stories of the week, and teaches Azia Celestino and Hena Doba a thing or two at the same time. It's This Week In Trivia!
Minty Bets, Sports Betting Analyst for Yahoo Sportsbook, joins Cheddar Bets to break down all of the latest trends from the first week of baseball season.
Sponsored by BetMGM
The competition between streaming platforms is heating up as Apple TV+, HBO Max, and others acquire the rights to air live sports, oftentimes behind an exclusive paywall. While this is likely to entice some viewers, it also presents a risk that viewership will become fractured. Customers might steer away from subscription overload as content streaming options become seemingly endless. Jeff Agrest, deputy sports editor and media columnist at the Chicago Sun-Times, joins Closing Bell to discuss what it means for the live sports industry when content is put behind a paywall on streaming platforms, how it could impact viewership, impact on sports betting, potential acquisition targets, and more.
The Dallas Cowboys have joined forces with cryptocurrency platform Blockchain.com as the NFL loosens restrictions on teams making such deals. The partnership won't open the door for crypto use at AT&T stadium but will provide for some exclusive fan experiences.
Ice Cube's 3-on-3 basketball league, the Big3, is introducing decentralized team ownership to fans with the chance to own a minority stake in the 12 teams through blockchain technology, a first for professional sports. The rapper, actor, and filmmaker joined Cheddar News to talk about the new ownership model using NFTs. "This is a perfect time to offer it to fans and not just wait for fat cats to come and want to buy the teams but for fans to be able to be a part of it,” he said.
McLaren displayed its all-electric, off-roading racing vehicle, the Odyssey, in from of the New York Stock Exchange on Tuesday. Zak Brown, CEO of McLaren Racing, joined Cheddar News to discuss bringing the heavy-duty vehicle to a new racing series with an emphasis on sustainability — and even gender equity with a male and female team of two drivers required. "This is McLaren's first-ever Odyssey, which is an EV. Looks like an SUV — but not really much of an SUV — that we raced five times around the world in various locations where climate has impacted the world," he said.
Seth Schachner, a digital business executive and the managing director of the consultancy Strat Americas, joined Closing Bell to talk all about the mega-merger between WarnerMedia and Discovery, combining to form Warner Bros. Discovery (Nasdaq: WBD), and what it means for the streaming space going forward. “I think unlike some of the other mergers that you've seen out there. I think this one has actually got a real chance to be successful and to really further the cause of streaming," he said.
Between Bells executive producer Conor White recaps some of the biggest stories of the week, and teaches Baker Machado and Hena Doba a thing or two at the same time. It's This Week In Trivia!