Celtics, Kristaps Porzingis Finalize Two-Year Extension

JULY 12: Porzingis’ two-year extension with the Celtics is official, per NBA.com’s transaction log.

The deal, which is worth exactly $60MM, will pay the big man approximately $29.3MM in 2024/25 and $30.7MM in ’25/26, Hoops Rumors has learned.

JUNE 30: The Celtics and newly acquired big man Kristaps Porzingis are expected to finalize a two-year contract extension worth $60MM, reports Chris Haynes of Bleacher Report and TNT (Twitter link).

Porzingis, who was acquired by Boston in a trade last week, is extension-eligible but can only tack on a maximum of two new years to his current deal due to the NBA’s extend-and-trade restrictions. Marc Stein reported multiple times that Porzingis was likely to receive an extension from Boston.

A former All-Star with the Knicks, Porzingis has dealt with a series of injuries throughout his career, including a torn ACL that sidelined him for the entire 2018/19 season. However, he enjoyed his finest NBA season in ’22/23 with the Wizards, averaging 23.2 PPG, 8.4 RPG, 2.7 APG, 0.9 SPG and 1.5 BPG in 65 games (32.6 MPG).

In addition to his strong rim protection at 7’3″, Porzingis was also a very efficient scorer last season, posting a .498/.385/.851 shooting line, good for a 62.7% true shooting percentage, which accounts for twos, threes and free throws. He isn’t a traditional back-to-the-basket big man, but he excelled in the post in ’22/23 by using his size to shoot over opponents.

While the 27-year-old had a great season, it’s a major risk to add another $60MM to Porzingis’ contract. With Jaylen Brown highly likely to receive a super-max extension this summer (it will kick in next year) and Jayson Tatum certain to receive the same in 2024 (it would start in 2025), the Celtics are looking like a repeat taxpayer for the foreseeable future.

Still, if they can break through and win a title (or titles) in the coming years, I’m sure ownership will be happy to foot the bill.

Rory Maher contributed to this story.

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