Taking the Celtics to the next level?

[Ed Monix]

Do the Celtics need to buy their own stadium or at least co-own it with the Bruins to truely compete long term in today’s NBA?

Forbes constantly publishes updates NBA team values but that metric is irrelevant, unless ownership wants to sell the team. The true number is net income which I can’t find. The best I can come up with is team generated revenue from 2019/20 season.

- 1st Warriors 474 (mil)
- 2nd Knicks   421
- 3rd Lakers   400
- 8th Celtics   274

As you can see we are at a massive disadvantage and I’d say those figures would be worse if it wasn’t for COVID-19 stopping income from concerts ect.

I know the Celtics have a very cheap lease deal but do we need our own arena to compete long term?

[Roy H.]

Nope.  The Celtics are doing just fine revenue wise. 

https://www.statista.com/statistics/286033/operating-income-of-the-boston-celtics-national-basketball-association/

By the way:  7th - Brooklyn Nets, $280 million.  The Celts made $42 million more in profit last year.  How are the Nets competing?

I think we’re sixth in net income.  We bring in more than the vast majority of NBA franchises, more than the Nets and Heat combined.  We make more than the Clippers and Sixers, and absolutely dwarf the Suns, Jazz, Nuggets and Bucks.

Money isn’t the problem.  An unwillingness to spend it could become one.

[86MaxwellSmart]

Nope.  The Celtics are doing just fine revenue wise. 

https://www.statista.com/statistics/286033/operating-income-of-the-boston-celtics-national-basketball-association/

By the way:  7th - Brooklyn Nets, $280 million.  The Celts made $42 million more in profit last year.  How are the Nets competing?

I think we’re sixth in net income.  We bring in more than the vast majority of NBA franchises, more than the Nets and Heat combined.  We make more than the Clippers and Sixers, and absolutely dwarf the Suns, Jazz, Nuggets and Bucks.

Money isn’t the problem.  An unwillingness to spend it could become one.

Yeah Wyc better start ponying up the dough or Tatum will force his way to LA

[Rosco917]

Nope.  The Celtics are doing just fine revenue wise. 

https://www.statista.com/statistics/286033/operating-income-of-the-boston-celtics-national-basketball-association/

By the way:  7th - Brooklyn Nets, $280 million.  The Celts made $42 million more in profit last year.  How are the Nets competing?

I think we’re sixth in net income.  We bring in more than the vast majority of NBA franchises, more than the Nets and Heat combined.  We make more than the Clippers and Sixers, and absolutely dwarf the Suns, Jazz, Nuggets and Bucks.

Money isn’t the problem.  An unwillingness to spend it could become one.

Yeah Wyc better start ponying up the dough or Tatum will force his way to LA

With his Kobe infatuation, staying at his home in LA to workout, it's a distinct possibility. JT seems to enjoy National exposure.

[Ed Monix]

Nope.  The Celtics are doing just fine revenue wise. 

https://www.statista.com/statistics/286033/operating-income-of-the-boston-celtics-national-basketball-association/

By the way:  7th - Brooklyn Nets, $280 million.  The Celts made $42 million more in profit last year.  How are the Nets competing?

I think we’re sixth in net income.  We bring in more than the vast majority of NBA franchises, more than the Nets and Heat combined.  We make more than the Clippers and Sixers, and absolutely dwarf the Suns, Jazz, Nuggets and Bucks.

Money isn’t the problem.  An unwillingness to spend it could become one.

Thank you for finding that information Roy.

My apologies, as yet again I haven’t articulated my thoughts correctly. I was really referring to pay the luxury tax. Just looking at the income already generated by the GSW and future income, paying a repeater tax is a drop in the ocean for them. Wyc and co are very good owners in my eyes, they’ve build a state of the art training facility and now purchased the G-League team, but their personal wealth is in the bottom 3 of NBA ownership. Michael Jordan who has previously stated he wouldn’t pay the luxury tax is worth more than Celtics ownership. Although like Roy has started the Celtics generated revenue is higher then the Nets, their owner Joseph Tsai has a net worth of 11.8 Billion. Tsai is also committed to paying what ever it takes to win, in comparison the Kroenke’s 8.2 Billion fortune does not factor into the Nuggets expenditure as they run the team like a regular business and will be very unlikely to pay the luxury tax.

I believe in previous iterations of the league, a smart reasonably wealthy owner could win multiple titles (Peter Holt) but now with luxury tax rules the way they are and the plethora of billionaire owners, my thinking is Celtics owners need better revenue streams like the Knicks & Lakers have with their arenas.

[gouki88]

Nope.  The Celtics are doing just fine revenue wise. 

https://www.statista.com/statistics/286033/operating-income-of-the-boston-celtics-national-basketball-association/

By the way:  7th - Brooklyn Nets, $280 million.  The Celts made $42 million more in profit last year.  How are the Nets competing?

I think we’re sixth in net income.  We bring in more than the vast majority of NBA franchises, more than the Nets and Heat combined.  We make more than the Clippers and Sixers, and absolutely dwarf the Suns, Jazz, Nuggets and Bucks.

Money isn’t the problem.  An unwillingness to spend it could become one.

Yeah Wyc better start ponying up the dough or Tatum will force his way to LA

With his Kobe infatuation, staying at his home in LA to workout, it's a distinct possibility. JT seems to enjoy National exposure.

This really does seem like catastrophising for no reason. He's shown nothing but loyalty to us, is locked in to play here until 2025 barring a trade/retirement, and LeBron will have retired by then (and AD might leave when that happens). Seems a bit silly to even consider, just because he liked Kobe and has a house in LA like every other NBA player