Record-breaking contract extension reached between Jayson Tatum and Boston Celtics

In a historic victory, the Celtics defeated the Mavericks to secure their 18th NBA championship, surpassing the Los Angeles Lakers in the record books. Jayson Tatum and Jaylen Brown played pivotal roles in leading the team to this milestone achievement.

Following the championship win, it was revealed that Jayson Tatum would be signing a record-breaking five-year, $313.9 million extension with the Boston Celtics. This deal, the largest in NBA history, solidifies Tatum’s future with the team and cements his status as one of the league’s highest-paid players.

The Celtics’ commitment to Tatum is part of a larger strategy to build a formidable lineup. In addition to Tatum, the team has secured extensions with key players such as Derrick White and Jrue Holiday, creating a star-studded roster for the upcoming seasons.

However, these significant financial investments have put a strain on the Celtics’ salary cap and ownership group. With over $600 million committed to Tatum and Brown, as well as substantial luxury tax payments, the team is facing financial challenges that coincide with ownership considering selling the franchise.

In an official statement, the Celtics ownership group announced their intention to sell the team for estate and family planning reasons. The sale is expected to take place in stages, with a majority interest likely to be sold in 2024 or early 2025, and the remaining shares to be transferred by 2028.

As the Celtics celebrate their historic championship victory, they must also navigate the financial implications of their star-studded lineup and potential changes in ownership.