Kristaps Porzingis contract details: Celtics forward signs two-year, $60 million extension to stay in Boston

The Celtics are wasting no time committing to their newest acquisition.

Boston made one of the biggest splashes of the offseason so far when it traded for All-Star forward Kristaps Porzingis in a three-team deal with the Wizards and Grizzlies just before the 2023 NBA Draft.

Porzingis opted into his $36 million player option to make the trade happen, but that meant the 27-year-old would be on an expiring contract entering his first season with the Celtics.

Boston made sure to get its franchise cornerstone locked up beyond the next season, signing Porzingis to a two-year, $60 million extension on the first day of free agency, per Bleacher Report's Chris Haynes.

What does Porzingis' new contract look like and how long will he be in Boston? The Sporting News breaks it all down below.

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Kristaps Porzingis contract details

The Celtics have reached a two-year, $60 million contract extension with Porzingis. The deal will keep Porzingis in Boston through the 2025-26 season, avoiding a full season of speculation around the 27-year-old's expiring contract.

Porzingis opted into his $36 million player option in order to facilitate the trade to the Celtics, and now he'll remain in Boston for the foreseeable future.

Here's a look at what his updated contract may look like, per Spotrac:

Kristaps Porzingis stats

2022-23 season

Porzingis is coming off a career year with the Wizards, averaging a career-best in points, assists, steals and field goal percentage.

• 23.2 points per game
• 8.4 rebounds per game
• 2.7 assists per game
• 1.5 blocks per game
• 0.9 steals per game
• 49.8 field goal percentage
• 38.5 3-point percentage
• 85.1 free throw percentage

Career

• 19.6 points per game
• 7.9 rebounds per game
• 1.8 assists per game
• 1.8 blocks per game
• 0.7 steals per game
• 45.3 field goal percentage
• 35.9 3-point percentage
• 82.7 free throw percentage

Kristaps Porzingis career earnings

According to Spotrac, Porzingis has earned $139,181,582 over eight NBA seasons. That figure does not include his current contract or recent contract extension.

He earned $16.4 million with the Knicks, $78.2 million with the Mavericks and $44.6 million with the Wizards. Once the three years of his current contract with the Celtics are up, Porzingis will have earned approximately $235,197,782.

NBA's highest-paid power forwards

According to Spotrac, Porzingis is the fifth-highest-paid power forward in the NBA by annual salary. LeBron James tops the list at $47.6 million, followed by Giannis Antetokounmpo at $45.6 million.

One thing that may surprise you: Porzingis is set to make more money than his First Team All-NBA teammate Jayson Tatum next season, although Tatum is in line for a max contract extension worth well over $300 million next offseason.