Jrue Holiday Contract Extension: Jrue Holiday has been considered one of the NBA’s top two-way players for several years. Holiday made the All-Star team back in the 2012-13 season and was named to the All-Defensive team twice.
Jrue Holiday was the 17th pick in 2009 and was selected by the Philadelphia 76ers. After his All-Star season, he was traded to the Pelicans (Hornets at the time) for Nerlens Noel who was selected with the sixth overall pick in 2013 along with a 2014 first-round pick.
In November the Pelicans decided to part ways with the veteran as they landed Steven Adams, Eric Bledsoe, two first future first-round draft picks, and the right to additional first-round picks via Milwaukee.
The trade involved four teams and was a hefty price to pay for the Milwaukee Bucks, but the organization had to make a big move to show Giannis Antetokounmpo that the organization was committed to contending for an NBA Championship. The Bucks also had to re-sign Giannis as he was bound to test free-agency (signed an extension).
The Bucks also tried for Bogdan Bogdanovic but the deal fell through due to leaked information and tampering.
However, Holiday had plans to sign an extension ever since he was acquired from the New Orleans Pelicans. Holiday is a player who could do a bit of everything on both the offensive and defensive end of the court.
Bucks general manager Jon Horst said in a statement announcing the agreement “Jrue is one of the top guards in the NBA and we are thrilled to sign him to this extension,… “Adding him to our team has made us better on both ends of the floor. He’s an elite defender and an impactful offensive player with the ability to score, shoot and facilitate.”
The Milwaukee Bucks are currently in win-now mode and should be contending for the next few seasons with the core the franchise has now. The Bucks are committed to chasing their first championship since 1971.
The Bucks’ investment in their three star players: Holiday, Antetokounmpo, and Middleton even without incentives being factored in totals to be around $105 million in 2021-22, $113 million in 2022-23 and would be $120 million in 2023-24 if Middleton exercises a player option for that season.
Holiday’s deal signed a four-year extension worth 135 million dollars that could be worth up to 160 million dollars due to the incentives in his contract. There is a player option for the fourth year which would be the 2024-25 season.
Holiday had a $26.7 million player option remaining for the 2021-22 season as part of the five-year contract worth 126 million dollars which he originally signed with the New Orleans Pelicans back in July 2017.
Under the new deal, Holiday would be declining that option but will be making above 30 million dollars next season, $32 million-plus in 2022, $34 million-plus in 2023, and nearly $37 million if he accepts the player option.
The Bucks currently have the fifth-best odds to win the title as the Brooklyn Nets, the Los Angeles Lakers, the Los Angeles Clippers, and the Utah Jazz are ahead of them. The Jrue Holiday signing should also help guards like Kyle Lowry, Mike Conley, and Dennis Schroder who will most likely be testing free agency this summer.
Schroder has declined two contract extensions and mostly recently declined a four-year 84 million dollar contract.
Holiday is just entering the prime of his career and will be a key player in their championship run for the next few years. For a small-market team, they have shown that they can compete at a very high level.