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Jrue Holiday signs $41 million contract extension with Philly

Nov 1, 2012, 9:24 AM EDT

Philadelphia 76ers Jrue Holiday and Thaddeus Young celebrate a win over the Denver Nuggets during their NBA basketball game in Philadelphia Reuters

The Philadelphia 76ers like the idea of a core built around Jrue Holiday, Evan Turner and Andrew Bynum.

Now comes the time the have to start to pay to keep that core together.

It starts with Holiday, who at the last minute before the Wednesday night deadline reached terms for then signed a four-year, $41 million extension that includes $5 million in incentives, reports’s John Finger.

To give some perspective, that is less of an extension than Ty Lawson got ($48 million) but more than Taj Gibson ($38 million) or DeMar DeRozan (a head-scratching $40 million).

Holiday gave the Sixers 13.5 points and 4.5 assists per game last season and looked even better in helping lead Philly to a 84-75 win over Denver Wednesday when he had 14 points and 11 assists. They need a steady outside presence to go with Bynum and Thaddeus Young down low, and now they have Holiday.

This summer they will have to pay up to keep Bynum, who becomes a free agent (but is likely to stay in Philly unless this season goes very wrong) and they will be able to offer an extension to Evan Turner this summer and next fall as well. Both of those will not come cheaply either.

  1. moseskkim - Nov 1, 2012 at 9:42 AM

    Unless he improves a lot, felt he was more like around 8 million/year. The way contracts are being handed out these days, not surprised he got that.
    Demar derozan 40 million? Him and fields are gonna get paid around 17 million/year. Ouchh

    • sasquash20 - Nov 1, 2012 at 10:13 AM

      The kid is just 22 and he will get better. Great signing by the Sixers.

      • captainwisdom8888 - Nov 1, 2012 at 3:00 PM

        i agree with the squatch. holiday is young and has a ton of room for improvement. he has come back this year lookin a bit stronger. and even when he came in the league at 19, the kid has looked like nothin ever gets to him. even despite playing on a mediocre team

    • somekat - Nov 1, 2012 at 10:23 AM

      It’s about right market value. If not the sixers getting the better end of the deal. It’s a little less than Lawson, and about the same as Curry.

      If you look at Holiday’s defense, niether of those 2 guys are even on his planet (same with rebounding). Plus Holiday can count the games he’s missed in his career on one hand. His assist numbers were skewed the last few years because the offense usually ran through Iggy, yet his numbers are still comparible. 2-3 years from now, this deal will be looked at as a steal

  2. tcclark - Nov 1, 2012 at 10:09 AM

    Thats about 19 million less than what he wanted. Take note James Harden

  3. rj2323 - Nov 1, 2012 at 10:29 AM

    Never liked the kid

  4. kvanhorn87 - Nov 1, 2012 at 11:03 AM

    He wanted a max deal. Someone would have paid it. Good deal for the Sixers.

  5. chicitybulls - Nov 1, 2012 at 11:24 AM

    There you go somekat. There’s your article. Happy?

  6. scalfor3 - Nov 1, 2012 at 11:25 AM

    Idk if he’s worth that much, but this is the league where DeMar DeRozan gets 10 mill a year

  7. eagles512 - Nov 1, 2012 at 1:29 PM

    Good deal for the sixers. Not a superstar but a building block at an important position.

  8. rocirius - Nov 1, 2012 at 2:46 PM

    They’re paying about twice what he’s worth. He reminds me of Jarrett Jack and may never be much better than what he is right now.

  9. philadelphiafan - Nov 1, 2012 at 11:15 PM

    Don’t really mind the high dollar amount. Sixers are better off locking him up before a possible breakout season. Sixers would still have bird rights if another team offered him a max contract in the offseason but I’d rather not take that chance. Good deal for both parties. As for Turner, I’d like to see more consistency with his jumpshot and scoring all together. It’s a great advantage against other teams when you have two of the best rebounding guards in the league.

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