Author Topic: Celtics Sell for $6.1 Billion  (Read 20880 times)

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Re: Celtics Sell for $6.1 Billion
« Reply #60 on: March 28, 2025, 01:27:27 AM »

Offline ozgod

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Echoing @Vermont Green's post, Bobby Marks on ESPN recently said that Hauser's extension kicks in after this season, and that his 10M salary would actually count for nearly 90M next season if kept on the books between his salary and the luxury tax accruals. 90M!

Sorry, I love Hauser but if that's the case I'd have no problem trading him this offseason to a team like Miami or Sacramento who would probably love a perimeter shooter like him for 10M. If Scheierman can do just half what Hauser does, we're perfectly fine. Tbh even last year in the postseason, outside of the closeout game vs. Miami and a few Finals game Hauser didn't really do much anyways and struggled shooting in the middle rounds too.

Moving Hauser could lower the 500M roster bill next year to around 410M, which is what Phoenix is paying their team this year I believe. I ultimately think they could still keep the rest of the team besides that and just elevate the roles of Scheierman and someone like Walsh.

Ultimately I do think Holiday will get traded, if not this offseason then definitely the next offseason (after the 2026 season). If we need to attach a pick to get it done to dump his salary, they'll be fine doing that. Porzingis seems to love the city and fans and I think he also loves his role here. I could see him being willing to re-sign on a reasonable, cheaper deal with Bird Rights beyond 2026 and being okay as the 3rd/4th option. He's already made a lot of money too, and I think realistically even he knows he's not getting a massive deal elsewhere because of his injury history and concerns. Plus, Horford will likely retire this offseason or next so his money and roster spot are off the books.

As long as we keep Tatum/Brown/White/Porzingis we'll remain a contender for many years to come even beyond 2026. Trade Hauser this summer, deal Holiday the next summer, and in that span Horford will probably retire anyways. The payroll bill next year would still be around 400M but that might be more feasible than 500M especially if they make the ECF/Finals. And the years after that become significantly lower especially when Horford and Holiday are gone.

I posted this a while back, I had a table and graph of what our cap would look like going into 2026. I have to find it manually since it's a pain to search, I think it might have been in the Jaylen max thread or one of the second apron threads, but because of the repeater tax we will be paying higher incremental tax rates for every year we are in the luxury tax and do not get under it to "reset" it. Here are the repeater tax rates:

(click to enlarge)


I'm sure Brad and Co have long ago had a plan for exceeding it, staying in the second apron for x years, then trying to reset it and then getting back into it, and timing it in a way that maximizes our window of contention. It's the kind of thing that can be easily done on a spreadsheet...the challenge is a) identifying how long the true window of contention is, b) which players need to be there all the way through; and c) which ones need to be moved once their cost (including luxury tax) exceeds the value they are bringing to the team, and replaced with players who might not be as good but are a lot cheaper (e.g. Scheierman for Hauser, Queta for Horford, etc). They have to figure out how to dip in and out because it's definitely not feasible to sit at the second apron indefinitely and have a superteam, not just because of the repeater tax implications but the roster building penalties.

So sooner rather than later we will have to say goodbye to some folks we like. But we are in a much better position than other teams in the apron like the Suns, because our assets are (as of right now) mostly fungible, they have value to other teams so we could offload them if needed to manage our cap situation. The worst thing is to get caught with aging stars on expensive, long term deals where they are hard to move or cost precious assets to do so.
Any odd typos are because I suck at typing on an iPhone :D


Re: Celtics Sell for $6.1 Billion
« Reply #61 on: March 28, 2025, 06:01:18 AM »

Offline Kernewek

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Good post above. I think in general, though, who cares about how much players cost ownership beyond the salary cap? We're not paying for it.
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Re: Celtics Sell for $6.1 Billion
« Reply #62 on: March 28, 2025, 09:16:22 PM »

Offline Phantom255x

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So from what I'm reading, it sounds like Chisolm doesn't even have the full amount and still needs to find investors to get to the 6.1B, and Chisolm himself doesn't have huge stake in the bid. If that's the case, it might be better if this doesn't go through and Pags can re-enter the process. I have zero faith some private equity firm or company is gonna want to keep most of this team, even if Chisolm wants to because Chisolm might not even be the "real owner" in that case, it'll be his investors/companies.
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Re: Celtics Sell for $6.1 Billion
« Reply #63 on: March 29, 2025, 12:18:59 PM »

Offline Roy H.

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So from what I'm reading, it sounds like Chisolm doesn't even have the full amount and still needs to find investors to get to the 6.1B, and Chisolm himself doesn't have huge stake in the bid. If that's the case, it might be better if this doesn't go through and Pags can re-enter the process. I have zero faith some private equity firm or company is gonna want to keep most of this team, even if Chisolm wants to because Chisolm might not even be the "real owner" in that case, it'll be his investors/companies.

My guess is that Pags can't get to the $6.1 billion, either, let alone the $7.3 billion valuation for the second round.  I think I read that Pags wouldn't do a second round at all.

So, Pags" deal might be better for fans, but it would be significantly worse for Wyc and Family.


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Re: Celtics Sell for $6.1 Billion
« Reply #64 on: March 29, 2025, 02:29:26 PM »

Offline Phantom255x

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So from what I'm reading, it sounds like Chisolm doesn't even have the full amount and still needs to find investors to get to the 6.1B, and Chisolm himself doesn't have huge stake in the bid. If that's the case, it might be better if this doesn't go through and Pags can re-enter the process. I have zero faith some private equity firm or company is gonna want to keep most of this team, even if Chisolm wants to because Chisolm might not even be the "real owner" in that case, it'll be his investors/companies.

My guess is that Pags can't get to the $6.1 billion, either, let alone the $7.3 billion valuation for the second round.  I think I read that Pags wouldn't do a second round at all.

So, Pags" deal might be better for fans, but it would be significantly worse for Wyc and Family.

Wyc might not have a choice if this doesn't go through.

Also I'm sorry but I could care less about Wyc remaining as some "governor/CEO". Look at what good that did Cuban and the Mavericks. It doesn't matter anymore, Wyc isn't influencing major money decisions even if he "stays on"
"Tough times never last, but tough people do." - Robert H. Schuller

Re: Celtics Sell for $6.1 Billion
« Reply #65 on: March 29, 2025, 02:51:54 PM »

Offline Roy H.

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So from what I'm reading, it sounds like Chisolm doesn't even have the full amount and still needs to find investors to get to the 6.1B, and Chisolm himself doesn't have huge stake in the bid. If that's the case, it might be better if this doesn't go through and Pags can re-enter the process. I have zero faith some private equity firm or company is gonna want to keep most of this team, even if Chisolm wants to because Chisolm might not even be the "real owner" in that case, it'll be his investors/companies.

My guess is that Pags can't get to the $6.1 billion, either, let alone the $7.3 billion valuation for the second round.  I think I read that Pags wouldn't do a second round at all.

So, Pags" deal might be better for fans, but it would be significantly worse for Wyc and Family.

Wyc might not have a choice if this doesn't go through.

Also I'm sorry but I could care less about Wyc remaining as some "governor/CEO". Look at what good that did Cuban and the Mavericks. It doesn't matter anymore, Wyc isn't influencing major money decisions even if he "stays on"

Right, it doesn't matter to fans.  It does matter to Wyc's family, who are the ones who authorize the sale.


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Re: Celtics Sell for $6.1 Billion
« Reply #66 on: May 05, 2025, 11:05:55 AM »

Offline Roy H.

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The record $6.1 billion Boston Celtics sale will be finalized within the next week or so and the deal structure will be compliant with NBA private-equity ownership rules, Front Office Sports has learned.

Lead buyer Bill Chisholm?s group now has enough money to cover the cost of the deal and is in fact ?oversubscribed,? two sources tell FOS. The group will acquire more than 51% of the franchise in the first tranche of the deal, one source says. The exact size stake Chisholm will end up owning is still unclear.


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Re: Celtics Sell for $6.1 Billion
« Reply #67 on: May 05, 2025, 12:35:19 PM »

Offline aefgogreen

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So from what I'm reading, it sounds like Chisolm doesn't even have the full amount and still needs to find investors to get to the 6.1B, and Chisolm himself doesn't have huge stake in the bid. If that's the case, it might be better if this doesn't go through and Pags can re-enter the process. I have zero faith some private equity firm or company is gonna want to keep most of this team, even if Chisolm wants to because Chisolm might not even be the "real owner" in that case, it'll be his investors/companies.

My guess is that Pags can't get to the $6.1 billion, either, let alone the $7.3 billion valuation for the second round.  I think I read that Pags wouldn't do a second round at all.

So, Pags" deal might be better for fans, but it would be significantly worse for Wyc and Family.

Wyc might not have a choice if this doesn't go through.

Also I'm sorry but I could care less about Wyc remaining as some "governor/CEO". Look at what good that did Cuban and the Mavericks. It doesn't matter anymore, Wyc isn't influencing major money decisions even if he "stays on"
Yup, the new owner can say that Wyc has to sign off on a deal, but at the end of the day, that's impossible to enforce. As you said, if we didn't know that before, we learned that in Dallas.

Re: Celtics Sell for $6.1 Billion
« Reply #68 on: May 15, 2025, 01:53:16 PM »

Offline Donoghus

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Source confirms the Celtics? sale commitments have been finalized and the new incoming ownership group, led by Bill Chisholm, is set. Only box left to check is approval by the NBA?s Board of Governors, which is expected to vote in June or July.


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Re: Celtics Sell for $6.1 Billion
« Reply #69 on: May 15, 2025, 07:27:52 PM »

Offline hodgy03038

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I will bet the new owner is regretting this now.