Pelicans news: Jrue Holiday can net $5.2M in potential bonuses next season
Jrue Holiday can set himself up for a major cash-in at the end of this upcoming season, as he can net as much as $5.2 million in potential bonuses after signing a five-year, $126 million contract with the team the very first day of free agency.
The 6-foot-3 converted shooting guard can take home $4.7 million in likely an unlikely bonuses this season and an additional $510,000 bonus if he can play in 66 games and total 2,075 minutes of floor time during the season (31.4 minutes per game through 66 games), according to ESPN Insider Bobby Marks.
Holiday is one of the 14 new offseason contracts that have incentives of the 34 currently stipulated in the league. If he is to show a clean bill of health and play consistent minutes throughout the season, he can easily bag that half-million bonus by season’s end — but it will likely take the 27-year-old having a special season to reach the $30,000 mark in franchise earnings with the full $5.2 million.
Bonuses are meant to incentivize players and some of these unlikely bonuses as put out there so that they’re willing to not just meet, but exceed the team’s expectations. These unlikely incentives won’t count against the team’s cap hit right now, but they’re considered when taking into account a club’s hard cap. The Pelicans are at $5.4 million in total unlikely bonuses, which would reduce their room below the hard cap from about $9.25 million to a lone $3.85 million.
New Orleans has dedicated a hefty amount of the checkbook to the frontcourt of Anthony Davis and DeMarcus Cousins, sealing that with Holiday’s deal, which has already complicated the signing of free agents thus far.