In this year's NBA Finals, Celtics star Jayson Tatum became an important contributor to the team's 18th championship trophy in team history this year. His outstanding performance has not only brought glory to the team, but also won him a huge reward. According to Chris Haynes, Bleachers Register, Tatum agreed to a five-year, $315 million super-max contract extension with the Celtics, which not only surpassed teammate Jaylen Brown's five-year, $304 million contract, but also became the largest contract in NBA history.
According to ESPN salary expert Bobby Marks, Tatum's early contract extension will take effect from the 2025-26 season, that is, the player option worth $37.1 million in the final year of the original contract will be covered, and the annual salary of this five-year contract will be $54.13 million, $58.46 million, $62.79 million, $67.12 million, and $71.45 million respectively. At this point, Tatum's contract has officially become the largest contract in NBA history, and the NBA's first 70 million annual salary Mr. was born. At a time when the salary cap is skyrocketing, Tatum's new contract is worth the money.
Tatum's contract is staggeringly high, and at the age of his early 20s, he already has a net worth of hundreds of millions of dollars, which is amazing. However, behind this seemingly astronomical annual salary, there are many "invisible" deductions, and after deducting various expenses, Tatum does not actually have so much money. Today, American media people analyzed the details of Tatum's contract, taking the $62.8 million in the third year of the contract as an example, Tatum's actual amount is far from this number, and the amount deducted is even more than 50%.
According to media statistics, of this $62.8 million annual salary, Tatum needs to pay up to $23.2 million in federal taxes, $4.7 million in the Jock tax (also known as the Jock Act tax, which is a special tax for professional athletes designed to provide additional financial support to the state government). ), as well as $8.1 million in hosting, agency, brokerage and other related fees. In addition, $1.4 million in health insurance costs need to be deducted from his income. As a result, Tatum's annual salary is only $25.2 million after deducting various taxes and fees.
Although the amount of money received has shrunk significantly, such income is still astronomical for ordinary people. Tatum's contract not only reflects his market value as a top player, but also the complexity of the NBA's salary system and the reality of high taxes. However, for Tatum, being able to stay with the team he loves and write a brilliant chapter for the Celtics may be more precious than any monetary reward.
In short, although Tatum's new contract seems lucrative, the deductions behind it also make people sigh that "money is hard to make". Of course, Tatum makes money, not only in salary, but also in a lot of off-court endorsements. Someone has made statistics that Tatum now has more than 50 brands endorsed, and the total endorsement income is likely to exceed salary income. And Tatum is very cautious about the management of money, he told the media that he only spends his endorsement income, and all his salary is saved. This kind of financial management concept is also valuable. Such Tatum is a well-deserved high-quality idol!