Boston are cashing of their chips whereas the franchise has barely recovered from successful an NBA championship.
Little question Jaylen Brown remains to be nursing a hangover after a momentous sequence win over Dallas final month.
However majority proprietor Wyc Grousbeck is planning to promote his stake within the workforce throughout the subsequent yr.
In an announcement asserting the choice Monday, the workforce stated it, “expects Wyc Grousbeck to stay because the Governor of the workforce till the second closing in 2028.”
The Celtics are the fourth most respected 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 % from the sale worth of $360 million that Grousbeck and his group paid in 2002.
If offered, Boston might break a brand new NBA file for costliest workforce ever purchased, beforehand held by Suns proprietor Mat Ishbia, who bought the Phoenix workforce for $4 billion in 2022.
On the finish of Boston’s championship duck boat parade, Grousbeck didn’t sound as if he was able to promote.
“It appears like we’ve obtained extra to do. I imply, I’ve obtained to go design a hoop with the blokes. We’ve obtained to lift a banner in October. There’s extra to do. However we’re going to construct he workforce for subsequent yr. We’re going to get pleasure from this for now although,” Grousbeck informed WBZ-TV. “I need to say we’re followers that purchased this workforce. We’re all on this collectively. Let’s go get one other one.”
Information 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 biggest contract in NBA historical past.
The Celtics’ prime 5 gamers (Tatum, White, Brown, Jrue Vacation and Kristaps Porzingis) are actually making a mixed $939 million in contracts.
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