November 1, 2023
Tyrese Haliburton, the All-Star point guard for the Indiana Pacers, recently signed a five-year rookie-scale contract extension. This max deal ensures that Haliburton will be with the Pacers for the next six NBA seasons, solidifying his future with the franchise.
The contract extension was a significant move for the Pacers, as it secures Haliburton's services and demonstrates the team's commitment to him. The deal was made possible by the Higher Max Criteria language included in Haliburton's contract, which allows for a higher salary than the typical max contract for a player with his experience level.
The exact value of Haliburton's contract will depend on his performance and the growth of the salary cap. If he meets certain criteria, such as making an All-NBA team or winning an MVP or DPOY award, his contract could start at 30% of the salary cap in the 2024-25 season. This would result in a significant increase in his earnings.
If Haliburton's contract starts at 30% of the salary cap and the cap grows by the maximum 10%, his total earnings over the next five seasons could reach $260.3 million. However, if the salary cap remains stagnant and he fails to meet the criteria for the higher max contract, his earnings would be $197.2 million.
Haliburton's earnings are tied to both his performance and the health of the league. If he plays well and the NBA experiences financial growth, resulting in a higher salary cap, he stands to make more money. Additionally, Haliburton has a 15% trade bonus that could potentially increase his earnings.
Tyrese Haliburton's contract extension with the Indiana Pacers is a significant milestone in his career. The max deal ensures his long-term future with the franchise and demonstrates the team's belief in his abilities. With the potential for increased earnings based on his performance and the growth of the salary cap, Haliburton has the opportunity to secure his financial future while contributing to the success of the Pacers.
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