Signing the five-year, $315 million NBA contract doesn’t override Tatum’s pre-draft deal with his mom to save his Celtics earnings.
The Boston Celtics have secured their franchise cornerstone, Jayson Tatum, with a groundbreaking NBA contract.
The five-year, $315 million supermax extension represents the largest deal in league history. Chris Haynes of TNT Sports announced on X. Tatum replied under Haynes’ post on X, leaving a shamrock and trophy emoji under the breaking news. According to Bleacher Report, the athlete’s eligibility for this NBA contract stemmed from his All-NBA First Team selection in the 2022-23 season.
This monumental NBA contract comes on the heels of Boston’s 18th championship victory, in which the 26-year-old played a pivotal role. The young star has consistently demonstrated his value, finishing in the top 10 of MVP voting for three consecutive seasons. His performance in the 2022-23 campaign was particularly impressive, with career-high averages in scoring (30.1 points), assists (4.6), and rebounds (8.8).
Despite the enormous sums involved, Tatum reportedly won’t be spending his NBA contract earnings. In a 2022 interview on “In Depth with Graham Bensinger,” he revealed, “My mom is like the overseer…Everything goes through her.”
He explained that he made a pre-draft agreement with his mother, Brandy Cole-Barnes, to live off endorsement income rather than his earnings from the Celtics. Tatum has shown financial acumen beyond his years. Earlier this year, BLACK ENTERPRISE mentioned that he partnered with SoFi to establish a $1 million fund aimed at promoting financial wellness and homeownership opportunities.
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