Larry Bird Rejected $4.5 Million From The Celtics To Retire Just Three Days Before His Contract Automatically Renewed

Larry Bird didn't accept the $4.5 million he was entitled to by ensuring he retired before his contract automatically renewed.

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Credit: Fadeaway World

Larry Bird played his last few seasons in the NBA with debilitating back injuries. His love for the game had him coming back, but he knew he was done after the 1992 Olympics.

So when the chance came to retire, Bird ensured he retired before the Celtics would owe him $4.5 million for another year on his contract. Bill Bradley told the story in an ESPN documentary about Larry Legend.  

(35:45) “He had a clause in his contract that said, if he didn’t retire by August 15th, he would have an automatic renewal of his contract for $4.5 million a year. On August 12th, he came into Dave Gavitt’s office, President of the Celtics, and said said ‘Dave, I can’t do it. My back’s too bad, I’m going to retire.’ Gavitt said to him, ‘Larry why don’t you think about it for a week?’ Bird narrowed his eyes and looked at him and said, ‘I know what day this is and if I’m not going to play, I’m not going to take the money’.”

Larry Bird had one of the greatest careers in NBA history and left behind a legacy that players in the league are still trying to replicate. Some have succeeded, but most have fallen way short of the mark.


Did Larry Bird Retire Too Early?

A 13-year NBA career is pretty long but superstars can often enjoy far more years in the league, even during that era. The reality is that Bird played in an era where the game was rougher and load management wasn’t a thing. His back became far too much of a problem for him to continue playing at the level fans and he himself expected to perform at. Not without serious compromises in his day-to-day life.

In his 13 years, he was a 12-time All-Star, missing out only in the 1989 All-Star Game due to injury. He averaged 24.3 points, 10.0 rebounds, and 6.3 assists over his career which spanned over 800 regular season games. He played 164 playoff games and won three championships in Boston. The 3-time regular season MVP had enough accolades to last him a lifetime, so it’s good that he retired before his body was seriously damaged on the court. 

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Ishaan Bhattacharya is a content manager for Fadeaway World from New Delhi, India. With his expertise in NBA content creation, Ishaan brings a wealth of experience to his role, contributing to the site's authority and reach within the basketball community. Over the last year, Ishaan has interviewed Ray Allen and Mark Tatum, while also covering the 2023 NBA Abu Dhabi Games which saw the Dallas Mavericks take on the Minnesota Timberwolves.Since joining Fadeaway World in March 2022, Ishaan Bhattacharya has become known for his unique perspective on the NBA. He consistently delivers this insight through his daily news coverage and detailed opinion pieces on the most significant topics in the league.Before his tenure at Fadeaway World, Ishaan worked in corporate communications, where he serviced prominent sports brands, including NBA India, Sports18, Amazon Prime Sports, and Royal Challengers Bangalore. This experience in strategic communications for leading sports entities has enhanced his ability to craft impactful narratives and connect with a global audience.A true MFFLer (Mavs Fan for Life, for the uninitiated), Ishaan is a massive fan of the Dallas Mavericks. When he is not upset about Jalen Brunson walking in free agency, you can see Ishaan as an avid gamer and content creator. His passion for basketball extends beyond the Mavericks, as evidenced by his thoughtfully curated NBA Mount Rushmore, featuring LeBron James, Michael Jordan, Kareem Abdul-Jabbar, and Bill Russell—each representing distinct eras and bringing their unique qualities to the game.Featured On: ESPN, Sports Illustrated, Bleacher ReportYahoo Sports, NBA, Fox Sports, The Spun
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