Have a look at the per game, month, year salary of Jayson Tatum and how much money will he take home after taxes
Know more about the supermax contract extension of Jayson Tatum as the 26-year-old is all set
to sign the deal on Jul 6 to replace his $37 million player option for the 2025-26 season.
For the unversed, reports indicates that Jayson Tatum’s contract extension will include a 5-year, $314 million deal to ensure that he stays in ‘Beantown’ through the 2029-30 season.
Though the $314 million is surely seems high, but you’ll be stunned after knowing that how less of it the basketball player will take home after tax deduction annually.
Jayson Tatum Boston Celtics contract extension salary after taxes, per year, month, day and game breakdown and net worth in 2024
If we break down Jason Tatum’s salary, it would look like this: $62.6M average per year; $5.2M per month; $1.3M per week; $186.3K per day; $7.7K per hour; $129.3 per minute; or $2.15 per second and Tatum’s earnings will increase annually throughout his 5-year contract. Tatum has a net worth of $50 million.
This year, Tatum will earn $54 million, with his salary escalating each year until it reaches $71.4 million in the 2029-30 season.
Jayson Tatum’s Contract Details & Salary Breakdown
For the curious, a mere $25.2 million from the $62.8 million is what Jayson will receive after tax deductions. Andrew Petcash shared the numbers on X.
Jayson Tatum's income after taxes 😲
$62.8M: Salary
–
$23.2M: Federal Tax
$4.7M: Jock Tax
$8.1M: Escrow + Agent
$1.4M: FICA/Medicare
=
$25.2M: Net Income pic.twitter.com/48mGdNVLHY— Andrew Petcash (@AndrewPetcash) July 1, 2024
According to his breakdown, $23.2 million goes straight to Federal tax, $4.7 million as the jock tax, then comes $8.1 million in Escrow and agent commission, and finally $1.4 million in FICA/Medicare.
This leaves Tatum with $25.2 million in net income. Despite it all, Jayson Tatum holds the title of the recipient of the largest contract in the NBA after his teammate, Jaylen Brown, last year.
Breaking: Jayson Tatum has agreed on a five-year, $314 maximum contract extension with the Celtics, including a player option and trade kicker, sources tell @wojespn.
Deal is the biggest in NBA history. pic.twitter.com/IwGo8qzs5u
— ESPN (@espn) July 1, 2024
Aside from Jayson Tatum, Boston made sure they got All-Defensive Second-Teamer, Derrick White, locked in. He is now signed in for a four-year, $125.9 million maximum contract extension.
However, both Tatum and White’s contracts do not exactly impact the upcoming season, 2024-25, as which is when their current contracts will expire.
As of now, the key pieces of the championship-winning team, namely, Jaylen Brown, Jrue Holiday, Derrick White, Jayson Tatum, and Kristaps Porziņģis, together cost the franchise around $162 million. But this increases to a whopping $200 million in the 2025-26 season.
Boston Celtics’ Salary Cap Player-wise for 2024-25 Season
Here’s the salary cap for the 2024-25 season:
Jayson Tatum: $34,848,340
Jaylen Brown: $49,205,800
Derrick White: $20,071,429
Kristaps Porzingis: $29,268,293
Jrue Holiday: $30,000,000
Neemias Queta: $2,162,606 (estimate)
Payton Pritchard: $6,696,429
Jordan Walsh: $1,891,857 (non-guaranteed)
Jaden Springer: $4,018,363
Al Horford: $9,500,000
Sam Hauser: $2,092,344
Luke Kornet: $2,087,519 (estimate)
TOTAL: $191,842,980
The Celtics rank third in the league with their total active cap. As for their cap hold, it comes to $16,749,618, ranking 27th.
Their cap maximum stands at $140,588,000. Given the total allocations come to a grand total of $208,592,598, the Cs are essentially -$68,004,598 in cap space.
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