It’s on! Check out the biggest bags NBA teams are handing out this summer ahead of the 2023-24 season.
On June 30, the NBA free agency and extension floodgates opened, as is our annual tradition. When the clock struck 6 p.m. ET, you ideally had your popcorn ready.
What inevitably followed was a flurry of cash-splashing that, while not quite measuring up to the sublime theatrics of last year’s trio of supermax deals that included the first two NBA contracts in history above a quarter of a billion dollars in total value, still managed to bring the house down and change the balance of power in the Association.
From Bird rights bags and max extensions to free agent blockbusters and beyond, let’s roll through the biggest NBA contracts the stars of the Association are signing ahead of the 2023-24 season, starting with an absolute showstopper from a certain cerebral Celtic.
Biggest Contracts of the 2023 NBA Offseason
Celtics SG/SF Jaylen Brown: $304,000,000
- Type: Designated Veteran Extension (“supermax”)
- Years: 5
- Average Annual Value: $60,800,000
NOTE: Brown’s extension is the largest contract in NBA history by total value, and at time of signing, it was No. 1 in average annual value before being surpassed by the Lakers’ Anthony Davis. It was the first contract to exceed an AAV of $60 million per season.
Click here to read the full details on Brown’s historic Celtics extension.
Kings PF/C Domantas Sabonis: $217,000,000
- Type: Renegotiation + extension
- Years: 5
- Average annual value: $43,400,000
- Free agency: 2028
NOTE: Sabonis renegotiated his previously determined 2023-24 salary and added four new years onto his deal, including $195,000,000 in new money. If only the new additions to his deal are included, its effective average annual value is $48,750,000.
Click here for the full details on Sabonis’ extension with SacTown.
Timberwolves SG Anthony Edwards: $207,000,000
- Type: Designated Rookie Extension
- Years: 5
- Average annual value: $41,400,000
- Free agency: 2029
Click here for all the numbers behind Edwards’ extension with the Timberwolves.
Hornets PG LaMelo Ball: $207,000,000
- Type: Designated Rookie Extension
- Years: 5
- Average annual value: $41,400,000
- Free agency: 2029
NOTE: Ball’s extension begins in 2024-25 at 25% of the salary cap but will escalate to 30% of the salary cap — an estimated total value of $260,000,000 — if he makes an All-NBA team in 2023-24.
Click here to see the full details of LaMelo’s rookie max extension with Charlotte.
Pacers PG/SG Tyrese Haliburton: $207,000,000
- Type: Designated Rookie Extension
- Years: 5
- Average annual value: $41,400,000
- Free agency: 2029
NOTE: Haliburton’s extension begins in 2024-25 at 25% of the salary cap but will escalate to a 30% “Rose Rule” contract worth approximately $260,000,000 if he makes an All-NBA team in 2023-24.
Click here to see the full details of Haliburton’s rookie max extension with Indiana.
Grizzlies SG Desmond Bane: $207,000,000
- Type: Designated Rookie Extension
- Years: 5
- Average annual value: $41,400,000
- Free agency: 2029
NOTE: Bane’s extension begins in 2024-25 at 25% of the salary cap but will escalate to a $260,000,000 “Rose Rule” contract if he makes an All-NBA team in 2023-24. It’s the first contract worth over $200,000,000 in Grizzlies franchise history.
Click here to see the full details of Bane’s rookie max extension with Memphis.
Lakers C Anthony Davis: $186,000,000
- Type: Extension
- Years: 3
- Average annual value: $62,000,000
- Free Agency: 2028
NOTE: Davis’ extension became the largest contract by average annual value in the history of the big four US sports leagues at time of signing. It is just the second contract to exceed $60,000,000 in AAV, following Jaylen Brown.
Click here to see the full details of AD’s extension with Los Angeles.
Blazers PF Jerami Grant: $160,000,000
- Type: Extension
- Years: 5
- Average annual value: $32,000,000
- Free agency: 2028
Timberwolves PF Jaden McDaniels: $136,000,000
- Type: Extension
- Years: 5
- Average annual value: $27,200,000
- Free agency: 2029
Mavericks PG Kyrie Irving: $126,000,000
- Type: Extension
- Years: 3 (final year is player option)
- Average annual value: $42,000,000
- Free agency: 2025 or 2026
Click here for all the numbers behind Kyrie’s extension with the Mavericks.
Hawks PG/SG Dejounte Murray: $120,000,000
- Type: Extension
- Years: 4
- Average annual value: $30,000,000
- Free agency: 2028
Nets SF Cam Johnson: $108,000,000
- Type: Extension
- Years: 4
- Average annual value: $27,000,000
- Free agency: 2027
Bucks SG/SF Khris Middleton: $102,000,000
- Type: Extension
- Years: 3
- Average annual value: $34,000,000
- Free agency: 2026
Click here for Boardroom’s full rundown of the Bucks’ Middleton extension.
Wizards SF Kyle Kuzma: $102,000,000
- Type: Extension
- Years: 4
- Average annual value: $25,500,000
- Free agency: 2027
Warriors PF/C Draymond Green: $100,000,000
- Type: Extension
- Years: 4
- Average annual value: $25,000,000
- Free agency: 2027
Click here to check out the full details of Golden State’s Draymond Green extension.
Knicks G Josh Hart: $81,000,000
- Type: Extension
- Years: 4
- Average annual value: $20,250,000
- Free agency: 2028
Raptors C Jakob Poeltl: $80,000,000
- Type: Extension
- Years: 4
- Average annual value: $20,000,000
- Free agency: 2027
Pistons PF/C Isaiah Stewart: $64,000,000
- Type: Extension
- Years: 4
- Average annual value: $16,000,000
- Free agency: 2028
Cavaliers SG Max Strus: $63,000,000
- Type: Sign-and-trade (via Heat)
- Years: 4
- Average annual value: $15,750,000
- Free agency: 2027
Celtics PF/C Kristaps Porzingis: $60,000,000
- Type: Extension
- Years: 2
- Average annual value: $30,000,000
- Free agency: 2026
Click here for all the details behind the three-way trade that sent Kristaps Porzingis to Boston.
Bulls C Nikola Vucevic: $60,000,000
- Type: Extension
- Years: 3
- Average annual value: $20,000,000
- Free agency: 2026
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Jazz SG Jordan Clarkson: $55,000,000
- Type: Extension
- Years: 3
- Average annual value: $18,333,333
- Free agency: 2026
Kings SF/PF Harrison Barnes: $54,000,000
- Type: Extension
- Years: 3
- Average annual value: $18,000,000
- Free agency: 2026
Pelicans SF/PF Herb Jones: $54,000,000
- Type: Extension
- Years: 4
- Average annual value: $13,500,000
- Free agency: 2027
Mavericks PF Grant Williams: $53,000,000
- Type: Sign and trade
- Years: 4
- Average annual value: $13,250,000
- Free agency: 2027
Lakers C Rui Hachimura: $51,000,000
- Type: Extension
- Years: 3
- Average annual value: $17,000,000
- Free agency: 2026
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