The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)
The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)
The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)
The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)
The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)
The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)
The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)
The Boston Celtics are on the market, a transaction that can possible fetch the best worth ever paid for management of an NBA workforce.
The Celtics possession group, led by Wyc Grousbeck, plans to promote 100% of the franchise for “property and household planning functions,” in response to assertion launched on Monday. The information comes lower than two weeks after the Celtics received their NBA-record 18th title, and with the workforce going through laborious monetary choices about tips on how to preserve collectively a roster than received probably the most video games within the NBA final season.
Sportico values the Celtics at $5.12 billion, fourth most within the NBA and twenty first amongst all U.S. franchises. Essentially the most ever paid for management of an NBA workforce was $4 billion, which Mat Ishbia agreed to pay for the Phoenix Suns in late 2022.
Grousbeck’s group purchased the Celtics in 2002 for $360 million. The consortium, which incorporates Bain Capital senior advisor Steve Pagliuca and Abbey Group founding associate Bob Epstein, is known as Banner 17 for his or her want to win the Celtics’ 17th title. That was completed in 2008.
As NBA groups recognize in worth, additionally they grow to be tougher at hand right down to future generations resulting from tax functions and league-level possession guidelines. Sportico wrote about this matter in depth two years in the past in a sequence about NFL homeowners and their property planning.
The Celtics received 64 video games this yr, probably the most within the NBA, and received their 18th title, shedding simply three video games in 4 playoff sequence. Maintaining that dominant workforce intact, nonetheless, can be costly.
Within the 2023 offseason, the Celtics signed Jaylen Brown to a five-year, $285 million extension that was the richest in NBA historical past on the time. On Monday, the workforce gave Derrick White a contract price $125.9 million over 4 years. Boston additionally possible intends to supply Jayson Tatum a supermax extension this summer season, which might be for barely more cash than Brown’s and kick in initially of the 2025-26 season. With Jrue Vacation and Kristaps Porzingis incomes $30 million per yr as properly, the workforce can be due for a 2026 luxurious tax invoice of a minimum of $180 million (even when the Celtics fill out the remainder of their roster with minimal salaries) on high of a payroll exceeding $220 million.
If the Celtics promote, it will be the fourth NBA workforce to commerce within the final two years, becoming a member of the Suns, Dallas Mavericks and Charlotte Hornets. A fifth, the Minnesota Timberwolves, is presently coming into arbitration to settle future possession.
Whereas the workforce will possible have a number of events, there are a couple of native teams that instantly leap to thoughts. An present LP may make a push to takeover full management,; and the Jacobs household, which owns the Boston Bruins and TD Backyard (the place the Celtics play), has stated it’s concerned with rising it sports activities portfolio. There’s additionally Fenway Sports activities Group, mother or father of the Boston Purple Sox, Fenway Park, Liverpool and the Pittsburgh Penguins, which is seeking to purchase into the NBA. Fenway can be concentrating on a potential growth workforce in Las Vegas.
(This text has been up to date to replicate the potential events within the ninth paragraph.)