Indiana Pacers combo guard Tyrese Haliburton has emerged as one of the NBA's top players, showcasing himself as an exciting young talent in the league.
The Sacramento Kings initially selected the Iowa standout with the 12th overall pick in the 2020 NBA Draft.
Haliburton's trajectory shifted when he became a key player in a blockbuster trade that sent him to the Indiana Pacers in February 2022.
This trade, which also involved Buddy Hield and Tristan Thompson, saw Haliburton move to the Pacers in exchange for Domantas Sabonis, Justin Holiday, Jeremy Lamb, and a 2023 second-round pick.
The trade proved beneficial for both parties, as the Pacers got a bonafide star in Haliburton, while the Kings ended their 16-year playoff drought with the help of Sabonis.
Tyrese Haliburton Contract: $17,878,995
The 23-year-old is in the final year of his rookie scale contract worth $17,878,995 over the course of four years. He signed the pact upon being drafted by the Kings.
Tyrese Haliburton's upcoming contract: $260 million
Following his first NBA All-Star Game appearance in 2023, the Pacers swiftly extended a max contract offer to Haliburton worth up to $260 million over five years.
The 6-foot-5 player promptly agreed to the deal, requiring only 20 minutes of negotiation to finalize the terms.
Although the contract's base value is $206 million, the Pacers star can realize the total amount by meeting certain incentives, such as earning a spot on an All-NBA team.
The new deal, which has no options for either player or team, will take effect in the 2024-25 NBA season and will keep Haliburton in Indiana until 2028-29.
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Tyrese Haliburton Career Earnings
After the 2023-24 NBA season, which marks his fourth season in the league, Haliburton's career earnings will reach $17,878,995. This calculation includes only his NBA salary before factoring in deductions such as agent fees, taxes, and other expenses, per Spotrac.
Projections for the next five years suggest that the Pacers star is expected to significantly increase his career earnings by more than 12 times, reaching an estimated $223,778,995, at the very least, by the conclusion of his upcoming contract in 2028-29.
If Haliburton secures a spot on an All-NBA Team in the near future, he becomes eligible to earn 30 percent of the salary cap instead of the standard 25 percent. This adjustment could elevate his career earnings to an estimated $277,778,995 by 2029.
Haliburton will just be 29 years old when his upcoming deal expires, positioning him for another substantial deal if he stays healthy and elite.
Tyrese Haliburton Salary 2023
For the ongoing 2023-24 NBA season, Haliburton is slated to earn $5,808,435, according to figures from HoopsHype. He is currently the ninth-best-paid player on the Pacers roster.
However, a significant financial shift is anticipated for the following season as his new contract comes into effect.
The Wisconsin native is poised to earn a staggering $35,750,000 for the 2024-25 campaign alone, marking an increase of more than six times from the prior year and doubling his current total career earnings.
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