Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

NBA-Celtics and Brown agree to richest deal in NBA history, reports

Published 07/25/2023, 12:16 PM
Updated 07/25/2023, 12:20 PM
© Reuters. FILE PHOTO: May 23, 2023; Miami, Florida, USA; Boston Celtics guard Jaylen Brown (7) shoots against the Miami Heat in the third quarter during game four of the Eastern Conference Finals for the 2023 NBA playoffs at Kaseya Center. Mandatory Credit: Sam Nav

(Reuters) - Jaylen Brown has agreed to a five-year $304 million supermax contract extension with the Boston Celtics that will make the forward the highest paid player in the NBA, according to multiple media reports on Tuesday.

The third overall pick in the 2016 draft Brown averaged a career-high 26.6 points, 6.9 rebounds and 3.5 assists a game last season helping Boston reach the Eastern Conference finals.

A twice NBA All-Star Brown will earn $28.5 million next season before his extension begins in 2024 averaging $60.8 million a year.

Brown's supermax deal tops two-time Most Valuable Player and reigning Finals MVP Nikola Jokic for the richest contract in NBA history.

The distinction of being the NBA's highest paid player may not last long with Brown's Celtics team mate Jayson Tatum poised to assume the title next year when he becomes eligible for a supermax contract.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.