Boston Celtics star Jaylen Brown agreed to sign the richest deal in NBA history: a five-year, $304 million supermax contract extension. The deal, which will keep Brown in Boston through the 2027-28 season, averages out to $60.8 million per year.
Brown’s deal breaks the previous record for the richest contract in NBA history, which was held by Nikola Jokić of the Denver Nuggets. Jokić signed a five-year, $270 million supermax contract extension in 2023. Brown is a two-time All-Star and one of the most versatile players in the NBA who can play both guard and forward positions, and he is a threat to score from anywhere on the court.
What Does Brown’s Deal Mean for the NBA?
Brown’s deal is a sign of the rising value of NBA players. The salary cap has been increasing steadily in recent years, and it is only going to continue to go up. This means that we can expect to see even bigger contracts being signed in the future. Brown’s deal is also a sign of the increasing importance of player empowerment. Players are now more willing to demand max contracts, and they are more willing to switch teams in order to get what they want. This trend is likely to continue in the years to come.
In this issue of Forbes Daily:
— Forbes (@Forbes) July 26, 2023
– UPS strike averted
– Biden administration warns illegal crossings will increase
– Jaylen Brown signs the richest deal in NBA history
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