From CBS Sports · · 1m 40s
Celtics Secure Bargain Deal for Pritchard
Boston Celtics lock in Payton Pritchard with a two-year, $44.2 million extension that's a bargain compared to his draft position.
In brief
Boston Celtics lock in Payton Pritchard with a two-year, $44.2 million extension that's a bargain compared to his draft position. The Celtics secured a two-year, $44.2 million contract extension for Payton Pritchard, a bargain that guarantees him $85 million over 10 seasons. Originally reported by CBS Sports.
NBA Contract Mobility
Upward mobility in the NBA contractual market is pretty rare, with a player's financial destiny often tied to where he is drafted.
Pritchard's Two-Year Deal
On Tuesday, Payton Pritchard and the Boston Celtics agreed to a two-year, $44.2 million contract extension, according to ESPN.
Pritchard's Career Earnings
This deal guarantees Pritchard around $85 million in NBA earnings through the first 10 seasons of his career.
Patrick Williams Comparison
Patrick Williams, the No. 4 pick in the 2020 NBA Draft, has locked in over $130 million in career earnings thus far.
Pritchard's Current Status
Pritchard has dealt under almost the exact opposite circumstances to Patrick Williams, landing on a loaded Celtics team that couldn't find him consistent minutes.
Pritchard's Contract Terms
The Celtics locked him into a four-year, $30 million rookie extension that guaranteed him life-changing wealth but represented a pittance compared to his actual worth.
Pritchard's Contract Cap
Pritchard's deal caps him at 140% of the estimated average player salary in the first year of his extension, allowing only around $67 million over three years.
Pritchard's Future Value
Stephen Noh's tool projects Pritchard to be worth around $28 million next year and going forward, keeping him in Boston for an average of $22 million per year.
What it means
The Celtics secured a two-year, $44.2 million contract extension for Payton Pritchard, a bargain that guarantees him $85 million over 10 seasons.
