Sixers Extend Jrue Holiday for 4 Years, 41 Million
Everyone knows that Jrue Holiday was going to be a cornerstone for the Sixers going forward. The question, however, was how much would it cost?
With the deadline on Halloween night, the pressure was on for the Sixers to make a deal with their 22 year-old point guard. If they didn’t come to an agreement, Holiday would have become a restricted free agent-meaning bad news for the Sixers.
After the season Holiday would have likely fielded expensive offers from other clubs, thus jacking up his price tag. The Sixers would inevitably match the highest offer because they believe Jrue can be special running the pick-and-roll offense with Andrew Bynum. Oh yeah, they have to sign the Bynum guy at the end of the year too. He’s going to command a max contract over five years.
By keeping Jrue at a more team-friendly deal, the Sixers will have a bit more flexibility in maintaining a supporting cast-and a good night shift ain’t cheap. For example, if the Nick Young experiment goes well he’ll be in line for a contract at the end of the season. He’s currently making six million dollars.
Looking to the future, it’s hard to be anything but pleased with this move. The Sixers locked up a young, talented point guard who took a solid step forward at the end of last year. Here’s a look at the numbers:
’11-’12 Regular Season
With the addition of Bynum and a bevy of shooters, it seems like Holiday has a great chance to succeed. With this contract, the Sixers are putting their faith in Jrue to lead the offense during the Bynum era (however long that may be) and grow into one of the leagues better point guards.
For 4 years, 41 million it’s well worth the risk.