Boston are cashing of their chips whereas the franchise has barely recovered from profitable an NBA championship.
No doubt Jaylen Brown remains to be nursing a hangover after a momentous collection win over Dallas final month.
But majority proprietor Wyc Grousbeck is planning to promote his stake within the workforce throughout the subsequent 12 months.
In a press release saying the choice Monday, the workforce mentioned it, “expects Wyc Grousbeck to remain as the Governor of the team until the second closing in 2028.”
The Celtics are the fourth most precious NBA workforce (behind the Lakers, Knicks and Warriors), with an estimated worth of $4.7 billion (as at October 2023), Forbes says.
Which is a rise in worth of 1,205.56 p.c from the sale worth of $360 million that Grousbeck and his group paid in 2002.
If bought, Boston might break a brand new NBA report for costliest workforce ever purchased, beforehand held by Suns proprietor Mat Ishbia, who bought the Phoenix workforce for $4 billion in 2022.
At the tip of Boston’s championship duck boat parade, Grousbeck didn’t sound as if he was able to promote.
“It feels like we’ve got more to do. I mean, I’ve got to go design a ring with the guys. We’ve got to raise a banner in October. There’s more to do. But we’re going to build he team for next year. We’re going to enjoy this for now though,” Grousbeck advised WBZ-TV. “I want to say we’re fans that bought this team. We’re all in this together. Let’s go get another one.”
News of the sale got here on the identical day that the franchise has agreed to a four-year, $125.9 million extension with Derrick White and a five-year, $315 million supermax extension for Jayson Tatum – the most important contract in NBA historical past.
The Celtics’ high 5 gamers (Tatum, White, Brown, Jrue Holiday and Kristaps Porzingis) at the moment are making a mixed $939 million in contracts.
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