MILWAUKEE (AP) — Milwaukee Bucks guard Jrue Holiday followed up his biggest game of the season by making a long-term commitment to his new team.
Holiday agreed to a four-year contract extension that would be worth at least $134 million if he exercises his option for the final season. The Bucks announced the agreement Sunday.
The announcement came one day after Holiday had a season-high 33 points as well as 11 assists and seven rebounds in a 129-128 victory at Sacramento. Holiday’s performance enabled the Bucks to withstand the absence of reigning two-time MVP Giannis Antetokounmpo, who sat out with a sore left knee.
The move represents the latest step in the Bucks’ heavy investment in their trio of Holiday, Antetokounmpo and two-time All-Star Khris Middleton as the franchise chases its first NBA title since 1971.
The Bucks posted the NBA’s best regular-season record each of the last two seasons but lost in the Eastern Conference finals in 2019 and in the second round of the playoffs last year. Entering Sunday, Milwaukee owned a 32-17 record and was two games behind Philadelphia and Brooklyn in the East standings.
“Jrue is one of the top guards in the NBA and we are thrilled to sign him to this extension,” Bucks general manager Jon Horst said in a statement. “Adding him to our team has made us better on both ends of the floor. He’s an elite defender and an impactful offensive player with the ability to score, shoot and facilitate.”
Holiday had a $26.7 million player option remaining for the 2021-21 season as part of the five-year, $126 million contract he signed with the New Orleans Pelicans in July 2017.
Under the terms of this deal, Holiday declines that option but receives base salaries of $30.1 million next season, $32.4 million in 2022-23 and $34.7 million in 2023-24. He also holds a $37 million option for 2024-25.
There are incentives that could push the total value of Holiday’s deal to nearly $160 million.
The Bucks’ investment in Holiday, Antetokounmpo and Middleton — even without incentives — totals $105 million in 2021-22, $113 million in 2022-23 and would be $120 million in 2023-24 if Middleton exercises a player option he has for that season.
The 30-year-old Holiday is averaging 17 points, 5.4 assists, 4.6 rebounds and 1.8 steals this year in his first season with the Bucks. He ranks second in the league in steals per game.
He missed 10 games earlier this season after testing positive for COVID-19 but has come on strong lately.
Holiday has scored at least 22 points in four straight games. Since the All-Star break, he has averaged 20.8 points and has shot 54.1% overall and 44.3% from 3-point range.
The only other NBA players averaging at least 16 points, five assists, four rebounds and 1.5 steals this season are Miami’s Jimmy Butler, Denver’s Nikola Jokić and Toronto’s Fred VanVleet.
Milwaukee paid a heavy price to acquire Holiday in the offseason as it attempted to strengthen the team in hopes of getting a long-term commitment from Antetokounmpo, who signed a five-year supermax extension worth a reported $228 million in December.
The Bucks gave up guards Eric Bledsoe and George Hill, first-round draft choice R.J. Hampton and two future first-round draft picks as part of the four-team trade. They also acquired second-round pick Sam Merrill and gave New Orleans the right to swap two future first-round picks as part of the deal.
“Them giving up all the pieces that they did, it really, really made me feel like they wanted me to be here,” Holiday said shortly after the trade. “That’s always a good feeling.”