Celtics 2023 - 2024 Discussion

[Zuma]

 

[jimnance]

Wow! Let's hope it's not John Henry who buys it.

Go wash your mouth out with soap right now.

 

[RobertWeathers]

On the other hand, there was an estimate on Boston Sports Journal that the salary + tax penalty for the 25-26 team would be over $440M, which is more than double what the second highest team will be paying. I'd love to see the prospective financials for the team in the out years, starting then.

Great points. I'd throw that into the "cost certainty" bucket but $440m is a big number nonetheless

 

[RobertWeathers]

I'm a little confused by what Pags said. He " wants" to stay on but if the right $ came along would he sell? Buy a greater stake? Seems it's a big who knows.

 

[BTTA]

I'm a little confused by what Pags said. He " wants" to stay on but if the right $ came along would he sell? Buy a greater stake? Seems it's a big who knows.

Given the specificity of the timeline, the whole thing sounds prewired to me, like they know who the new owners will be, and that it'll be several rather than a single major one. Otherwise, how does Grousbeck expect to sell this year or next, but remain as Chairman into 2028?

 

[Hammer of Thor]

I'm a little confused by what Pags said. He " wants" to stay on but if the right $ came along would he sell? Buy a greater stake? Seems it's a big who knows.

Irv Grousbeck is 89 years old, and is the primary owner, and it’s clear Wyc doesn’t have enough leftover money for him to pay the estate taxes once he inherits Irv’s share. So they decide to sell now when price is highest and they can control the process, rather than at Irv’s death when price may be lower and there’s definitely a liquidity discount for needing to sell ASAP.

Pags doesn’t want to sell, but he doesn’t have enough money to buy them out on his own. Current partnership needs to be dissolved for a sale to be executed, so technically he needs to sell his current share too as part of the process. Grousbeck isn’t giving Pags first dibs to assemble another partnership and buy the team - he’s opening up the process to everyone. Pags intends to do that, but if his new group isn’t the highest bidder then he’s not getting the team.

 

[Zuma]

Irv Grousbeck is 89 years old, and is the primary owner, and it’s clear Wyc doesn’t have enough leftover money for him to pay the estate taxes once he inherits Irv’s share. So they decide to sell now when price is highest and they can control the process, rather than at Irv’s death when price may be lower and there’s definitely a liquidity discount for needing to sell ASAP.

Pags doesn’t want to sell, but he doesn’t have enough money to buy them out on his own. Current partnership needs to be dissolved for a sale to be executed, so technically he needs to sell his current share too as part of the process. Grousbeck isn’t giving Pags first dibs to assemble another partnership and buy the team - he’s opening up the process to everyone. Pags intends to do that, but if his new group isn’t the highest bidder then he’s not getting the team.

 

[Hammer of Thor]

Right, I read that, I’m not seeing anything in there that conflicts with my speculation though. He wants to continue to be part of the next owenership group, but recognizes it might not happen.

 

[IcyPatriot]

Bronny James to Sign Multiyear Fully Guaranteed Rookie Deal with Lakers, per Report

Bronny will begin his NBA career with some job security in Los Angeles.

www.si.com

 

[Zuma]

 

[ausbacker]

Bronny James to Sign Multiyear Fully Guaranteed Rookie Deal with Lakers, per Report

Bronny will begin his NBA career with some job security in Los Angeles.

www.si.com

Watching the Lakers dysfunction is especially gratifying.

 

[Ice_Ice_Brady]

I like this signing. He can be a lockdown defender in certain situations.

 

[RobertWeathers]

Given the specificity of the timeline, the whole thing sounds prewired to me, like they know who the new owners will be, and that it'll be several rather than a single major one. Otherwise, how does Grousbeck expect to sell this year or next, but remain as Chairman into 2028?

Yea I thought the "2028" statement was interesting. I don't know what to make of that either. If I'm the new owners my preference would be to take over immediately. Might be prewired....

Irv Grousbeck is 89 years old, and is the primary owner, and it’s clear Wyc doesn’t have enough leftover money for him to pay the estate taxes once he inherits Irv’s share. So they decide to sell now when price is highest and they can control the process, rather than at Irv’s death when price may be lower and there’s definitely a liquidity discount for needing to sell ASAP.

Pags doesn’t want to sell, but he doesn’t have enough money to buy them out on his own. Current partnership needs to be dissolved for a sale to be executed, so technically he needs to sell his current share too as part of the process. Grousbeck isn’t giving Pags first dibs to assemble another partnership and buy the team - he’s opening up the process to everyone. Pags intends to do that, but if his new group isn’t the highest bidder then he’s not getting the team.

Seems plausible but not sure the concern around paying estate taxes is the reason they are selling. Could be as simple as Irv telling Wyc he wants to sell.

 

[aluminum seats]

Well, this team has been given about the best opportunity any championship group could ask for. With good health, they’ll have at least the next two years to hang another banner. Or 2? Dream big, why not. Pretty cool.

 

[1960Pats]

Well, this team has been given about the best opportunity any championship group could ask for. With good health, they’ll have at least the next two years to hang another banner. Or 2? Dream big, why not. Pretty cool.

They're going to be hard to catch.

 

[One-If-By-Sea]

Yea I thought the "2028" statement was interesting. I don't know what to make of that either. If I'm the new owners my preference would be to take over immediately.

The chairmanship is usually an oversight role with little actual operating authority. I am sure the new new owners will take over immediately.

Might be prewired....

I doubt it. Would be an awful look and the NBA has to be careful with their image as the teams are basically monopolies.

Seems plausible but not sure the concern around paying estate taxes is the reason they are selling. Could be as simple as Irv telling Wyc he wants to sell.

I agree completely. The truth is usually very simple.

 

[Keep Up With The Joneses]

I like this signing. He can be a lockdown defender in certain situations.

I loved the energy he showed on the floor in his short stints in the finals, and he showed absolutely no fear defending Luka straight up. I hope he can play his way into the rotation next season.

 

[Keep Up With The Joneses]

Well, this team has been given about the best opportunity any championship group could ask for. With good health, they’ll have at least the next two years to hang another banner. Or 2? Dream big, why not. Pretty cool.

As we all know, winning a championship is really hard, despite how easy Boston made it look this year. I expect other teams to catch up, and for some of the things that went right for the Celtics this year, including team health (Porzingis aside, but we all kind of expected that), to maybe not go as well.

Boston should still be the favorite to win this year. I'm with you on dreaming big, but as with all things, we'll see.

 

[Zuma]

 

[Zuma]