They won the NBA title after 16 years. They re-signed Jayson Tatum with the richest contract ever in the history of the US league. They probably have more years of success ahead of them. And yet, the Boston Celtics are for sale. Boston Basketball Partners LLC announced it in a statement released by the Celtics themselves: “After much thought and discussion, the family that controls the majority group has decided to sell the team, for internal planning reasons.” The sale will take place in two phases, the statement reads: the first between 2024 and the first months of 2025, then the total sale by 2028. Grousbeck, together with his partner Steve Pagliuca, owner of 8 percent of the value of the Celtics and 55 percent of Atalanta, had finalized the purchase of the franchise in 2002 for 360 million dollars: today the estimates of the value of the same are between 4.7 and 5.12 billion dollarsalthough, after the title won a few weeks ago, there are those who claim that a possible sale price could reach 5.5 billion dollars.
And to think that a few hours before this rather sensational announcement, the current news saw the pharaonic renewals granted to Jayson Tatum ($314 million for 5 years) and Derrick White (126 million for 4 years), after the one already signed by the MVP of the last finals Jaylen Brown (another 304 million for 5 years). According to many American analysts, these bottomless renewals have created an unmanageable situation among the owners of the franchise. Based on the new version of the “luxury tax”, the luxury tax to discourage teams from excessively exceeding the limits of the salary cap, the Celtics should pay no less than 208 million dollars in taxes next season, making them the most expensive team ever.
THE DEFERRED SELLING AND TATUM’S EARNINGS
The “deferred” sale is not liked by Adam Silver, the NBA commissioner, who has openly declared himself against this solution (which in reality has already happened for the Dallas Mavericks and the Minnesota Timberwolves, even if with results that were anything but convincing): “It is not the ideal solution: once the ongoing disputes have been resolved, I think we will have to review what is allowed and what is not. in the sales process of our franchises,” Silver threatened.
There are no known potential buyers for the Celtics at the moment. Certainly Grousbeck has already said that he wants to keep his role as representative, “governor” as they say in the United States, until 2028. Pagliuca’s disengagement towards the Boston Celtics will have no repercussions on Atalanta, which could actually receive a greater economic boost, since the rich businessman will have new fresh capital at his disposal.
Tatum was granted a contract extension at the maximum salary and for the number of years of support: $314 million through 2030. In the final year he will earn $71 million, which, after deducting federal taxes, athlete taxes and other charges, including his agent’s commission, will allow the former Duke to pocket 25.2 million net. No player in NBA history has ever signed a deal for a season exceeding $70 million. A record destined to stand for just one year if it is true that Luka Doncic he could sign a 5-year, $346 million contract extension, a figure Dallas should have no problem giving him. Business moves fast.
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2024-07-02 14:27:15
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