Report: Bucks signing Jrue Holiday to largest-possible contract extension

Bucks guard Jrue Holiday
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The Bucks traded a whopping three first-round picks and two first-round pick swaps Jrue Holiday last offseason – even though Holiday was only one year from being able to enter unrestricted free agency. Milwaukee would have been capped out with or without Holiday. Especially as a championship contender, the Bucks practically had to pay whatever it took to retain him.

They did.

Shams Charania of The Athletic:

Base salary in Holiday’s largest-possible extension:

  • 2021-22: $30,133,333
  • 2022-23: $32,544,000
  • 2023-24: $34,954,667
  • 2024-25: $37,365,333
  • Total: $134,997,333

The rest of the “$160 million” comes from incentives and rounding up.

Some of those incentives are for making the NBA Finals or winning a championship – definitely possible in Milwaukee. Giannis Antetokounmpo is a superstar. Khris Middleton should have been an All-Star, and Holiday deserved far more consideration than he got. The Bucks are outscoring teams by an Eastern Conference-best 6.5 points per 100 possessions. And that’s with increased experimentation to better prepare for the playoffs.

Holiday proved his postseason bona fides with the Pelicans in 2018. He played lockdown defense on Trail Blazers guards Damian Lillard and C.J. McCollum then held his own against the Warriors in the second round. Holiday looked so confident scoring and passing on that level.

This isn’t like the last time Milwaukee extended its starting point guard. Eric Bledsoe had already stumbled in the playoffs then continued to do so during his extension. The Bucks can have more faith Holiday’s game will translate to the postseason.

Holiday’s extension will begin when he turns 31 and run through age 34. Antetokounmpo’s supporting cast is aging.

But the championship window is open right now. Milwaukee is correctly prioritizing the present.

Especially considering Holiday could have gained even more leverage this summer.

If he waited until the offseason to sign a new contract, his max would have been at least five years, $228,200,826 ($176,265,466 over the first four years). Again, losing him rather than paying whatever necessary would have been catastrophic for the Bucks.

It’d be surprising if Milwaukee didn’t know when trading for him that Holiday would accept this extension once he became eligible in February. Of course, after the Bogdan Bogdanovic fiasco, the Bucks would have kept any prearrangement with Holiday even more hush.

With Antetokounmpo set to begin his super-max extension, Milwaukee now has $141,600,749 in committed salary for next season. The projected luxury-tax line: $137 million.

Holiday’s extension adds no money to the Bucks’ payroll this season. They slid under the luxury-tax line with the P.J. Tucker trade and will likely remain there. But maybe they’ll make good next year on their pledge to Antetokounmpo about paying the luxury tax.

Or maybe they’ll dump a helpful role player like Pat Connaughton to save money.

Questions still remain about how Milwaukee goes from championship contender to champion. But it’s easier to find answers with a highly productive Holiday locked up.

Nike, Kyrie Irving part ways, making him a sneaker free agent

Toronto Raptors v Brooklyn Nets
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Here’s the positive spin for Kyrie Irving: He will have the chance to remake his situation into something he’s more comfortable with during 2023. As a player, he will be an unrestricted free agent and can choose where he wants to play in coming seasons (how many teams are interested and for how many years will be interesting to see).

Irving also is a sneaker free agent — Nike has cut ties with him, reports Shams Charania of The Athletic.

Irving is happy with this.

The separation is not a surprise. Nike suspended its relationship with Irving after he Tweeted out support for an antisemitic film, did not apologize (at first), and was suspended by the Nets. Here was the company’s statement at that time:

“At Nike, we believe there is no place for hate speech and we condemn any form of antisemitism. To that end, we’ve made the decision to suspend our relationship with Kyrie Irving effective immediately and will no longer launch the Kyrie 8. We are deeply saddened and disappointed by the situation and its impact on everyone.”

Nike founder Phil Knight said it was likely the end of the company’s relationship with Irving.

That’s not a small thing by Nike, Irving has had a signature shoe line since 2014 and is reported to have a deal with Nike worth more than $10 million a season because his shoes are popular. However, his contract with the shoe giant was set to end in October 2023, and there had been reports Nike did not plan to extend that deal before this current controversy started.

Nike is already looking in a new direction, at Ja Morant.

Irving now has the chance to choose his new direction.

 

Cavaliers’ Dean Wade to miss 3-4 weeks due to shoulder injury

NBA: NOV 06 Cavaliers at Lakers
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In Cleveland’s search for a fifth starter to play the three next to Darius Garland, Donovan Mitchell, Evan Mobley and Jarrett Allen, Dean Wade might be the best of the group. Not that the numbers are great for him or anyone (Cedi Osman is the best statistically) but the eye test makes one think Wade could be the answer.

We’ll have to wait a while to find out as Wade will be out 3-4 weeks with an AC joint sprain in his left shoulder, the Cavaliers announced. Friday night against the Magic he suffered an aggravation to a previous injury.

Wade has been a quality floor-spacer for the Cavaliers this season, shooting 41.1% from three, and is averaging 6.4 points and 4.1 rebounds a game, playing a little more than 24 minutes a night.

When he returns, hopefully coach J.B. Bickerstaff will give him a little more run with the rest of the Cavaliers core (when they are healthy).

Donovan Mitchell is not looking back on summer, says now is happiest he’s been in league

Cleveland Cavaliers v New York Knicks
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The New York Knicks chose not to go all-in last summer and bring Donovan Mitchell home. The kid who played his AAU games in Manhattan and grew up a Knicks fan watching games at the Garden was open to it, but the Knicks lowballed the offer and Koby Altman and the Cavaliers swooped in.

Mitchell returned to New York Sunday, but he wasn’t looking back — he’s happy where he is now in Cleveland, on one of the up-and-coming teams in the league. Via Stephan Bondy of the New York Daily News:

“What’s done is done, and I’m happy as hell to be where I’m at,” he said. “At the end of the day, this decision was made and I don’t think I’ve been happier since I’ve been in the league. But I think for me it’s always going to be motivation to come back and play well in my hometown, but you could say that about anybody. But with what happened this summer, it’s over with, it happened and I’m happy to be with the Cavaliers.”

Whether Rose holding back picks — concerned about having enough ammunition to bring in the next star to New York to go with Mitchell — was a mistake will play out over time. It depends on what bold move Rose makes next with the roster. Whatever decision he makes will be compared to the “what if” of Mitchell, fair or not.

Mitchell has been better than expected in Cleveland — averaging 28.4 points a game shooting 42.1% on 3-pointers — and has fit beautifully in the backcourt with Darius Garland, as well as with the front line of Jarrett Allen and Evan Mobley. Together those four form the cornerstone of a team that could contend for a title in the coming years. Mitchell is loving every minute of it.

That group (minus Allen, who remains out with a lower back contusion) wasn’t enough on Sunday against a desperate Knicks team. New York got the 92-81 win behind 23 from Jalen Brunson (Mitchell also had 23).

 

Three things to know: Anthony Davis, Lakers playing up to Darvin Ham’s vision

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Three Things is NBC’s five-days-a-week wrap-up of the night before in the NBA. Check out NBCSports.com every weekday morning to catch up on what you missed the night before plus the rumors, drama, and dunks that make the NBA must-watch.

1) Anthony Davis, Lakers playing up to Darvin Ham‘s vision

“This is not going to work without AD. No disrespect to Bron, no disrespect to Russ. They’re going to be who they are… but AD, having AD available…. it’s going to be invaluable. He’s the centerpiece to that championship table we’re trying to build.” —Lakers coach Darvin Ham before NBA training camps opened. 

This is what Darvin Ham envisioned.

In his last five games, Anthony Davis is averaging 35.6 points on 66.7% shooting with 13.4 rebounds and 3.2 blocks a game. He has been dominant — and his 55-point game leading the Lakers to a win over the Wizards on Sunday put him in historic company.

What Ham envisioned was more than just Davis playing the five and going back to an All-NBA — if you ask Patrick Beverley or Kristaps Porzingis after the game, MVP — level, it’s that the rest of the team would follow.

So far it has. In its last 11 games, the Lakers are 8-3 with the third-best offense in the NBA and a top-10 defense over that stretch, with a +7.2 net rating. What’s more, the shooting woes that dragged them down early in the season have also righted themselves.

This hot streak started against a soft part of the schedule, but road wins over the Bucks and Wizards show it isn’t a fluke. This is a team gaining confidence, and while it likely will not sustain this level of success for the remaining five months of the season, it’s a sign of what this team is capable of when clicking.

Los Angeles also still has a lot of work to do. Even with this recent run they are 10-12 and sit 12th in the West — they have to keep this going long enough to get into the playoff mix. Then we can discuss what kind of postseason threat they are.

Two Wizards notes out of their loss to the Lakers Sunday.

First, Bradley Beal left the game in the first quarter with hamstring tightness. He did not return and after the game there wasn’t much of an update on whether he will miss time, and if so how much. It’s not a good sign for a Wizards team without much margin for error.

Also, Daniel Gafford had maybe the dunk of the year. This is insane.

2) Damian Lillard returns to court and Trail Blazers

With Damian Lillard sidelined by a strained calf, the Trail Blazers dropped 7-of-8 and fell to .500 on the season (11-11). They were not the same team.

Sunday he returned — looking unbothered by any calf issue — and suddenly the ball was moving again, and the offense clicking in a win over the Pacers. Lillard was 5-of-10 from 3 on his way to 21 points, but just his presence opened up the offense so Jerami Grant could score 28. Anfernee Simons, coming off his insane 45-point night, added 22.

Lillard doesn’t have to carry Portland, he doesn’t have to drop 40 every night to have a chance to win (see Doncic, Luka). Grant and Simons can help carry the scoring load. But this is also a team without much margin for error, so they struggle without the threat of Lillard, the floor shrinks and the ball doesn’t move the same way.

With Lillard back, the Trail Blazers are a threat every night. In a tight West — the Trail Blazers are tied with the Clippers and Warriors for the sixth seed — they can’t afford any more slumps like the recent one. And they can’t afford to be without Lillard for an extended stretch.

3) Does he have a puncher’s chance? Floyd Mayweather wants to buy NBA team

The instinct is to bet against Floyd Mayweather ever owning an NBA team for a couple of reasons, but when you’re talking about a boxer with a 50-0 career record, bet against him at your own risk.

Mayweather said at a recent public event he was working to buy an NBA team and has made a $2 billion offer for one.

“I’ve been working on buying a NBA team outright. One of my other business partners, Brent Johnson, he’s here. So we’ve been working on the NBA team for a while now. It’s kinda, it’s rough…

“It could be the Vegas franchise. It could be the Seattle franchise or I could be buying a franchise that’s already up and running. So the first offer, we offered them a little over $2 billion for majority ownership. Do I have it? Absolutely, I have it, but it didn’t happen overnight. It didn’t happen overnight. It’s a lot when you have so many different businesses all around the world. It’s a lot.”

There are two key questions about Mayweather’s being able to purchase an NBA team.

The first is, does he really have the money? Mayweather says he does, and last year said his net worth was above $1.2 billion. Whether that is true, and whether that money is liquid or if it’s tied up in speculative investments, is not something we know (it’s not like Mayweather has to make his financial situation public). However, you can be sure it’s something the NBA would have its accountants look into — Mayweather would have to open his books to them to get into the club.

The second issue is Mayweather’s history of controversies — including homophobic comments and pleading guilty to domestic violence charges. The NBA vets its owners looking to avoid public relations blowback, and you can be sure a Mayweather ownership would lead to a lot of hard questions for a league that paints itself as progressive.

Even if he has the $2 billion and the league approves him, Mayweather will need partners in this process. The only NBA team publicly known to be for sale is the Phoenix Suns and the sale price for that may be double the $2 billion number Mayweather threw out. As for potential expansion teams (probably headed to Seattle and Las Vegas), those are years away according to league sources (think the second half of this decade), and the entry price to get into those is going to be well above $2 billion.

BONUS THING TO KNOW: Jose Alvarado put up a 38-spot for the Pelicans and had the New Orleans fans singing his name.