Celtics could end up paying luxury tax? (Paging Celtics2021)

[Roy H.]

Never trust Keith Smith.

[Big333223]

Sounds like they're under it.

Either way, I think we all expect to see some big spending this summer.

[Roy H.]

Either way, I think we all expect to see some big spending this summer.

Expect?  I wouldn’t go that far.  Hope, yes.

Since 2009, the Celts have earned an estimated $667.7 million in profit.  (I don’t have access to earlier numbers, and that doesn’t count this year’s profit).  They’ve appreciated by over $2 billion.

They’ve spent $50 million lifetime on tax, including $0 in nine of the ten past seasons. 



But, I’m holding out hope.

[Celtics2021]

Never trust Keith Smith.

I mourn the loss of Eric Pincus’ from the arena.  He was Keith Smith with sources.  Bobby Marks keeps all the info to himself so we just have to take his word for it when he occasionally posts these things.

[otherdave]

Either way, I think we all expect to see some big spending this summer.

Expect?  I wouldn’t go that far.  Hope, yes.

Since 2009, the Celts have earned an estimated $667.7 million in profit.  (I don’t have access to earlier numbers, and that doesn’t count this year’s profit).  They’ve appreciated by over $2 billion.

They’ve spent $50 million lifetime on tax, including $0 in nine of the past seasons. 



But, I’m holding out hope.

I have in my notes that the C's paid tax for the 2018 - 2019 season, but I am willing to be wrong!

[Roy H.]

Either way, I think we all expect to see some big spending this summer.

Expect?  I wouldn’t go that far.  Hope, yes.

Since 2009, the Celts have earned an estimated $667.7 million in profit.  (I don’t have access to earlier numbers, and that doesn’t count this year’s profit).  They’ve appreciated by over $2 billion.

They’ve spent $50 million lifetime on tax, including $0 in nine of the past seasons. 



But, I’m holding out hope.

I have in my notes that the C's paid tax for the 2018 - 2019 season, but I am willing to be wrong!

Typo.  That was supposed to say “nine of the past 10 seasons”.

[Big333223]

Either way, I think we all expect to see some big spending this summer.

Expect?  I wouldn’t go that far.  Hope, yes.

Since 2009, the Celts have earned an estimated $667.7 million in profit.  (I don’t have access to earlier numbers, and that doesn’t count this year’s profit).  They’ve appreciated by over $2 billion.

They’ve spent $50 million lifetime on tax, including $0 in nine of the ten past seasons. 



But, I’m holding out hope.

I'll say this: if they come out of this summer and they haven't spent as much as possible to upgrade the bench I'll be pretty upset.

[keevsnick]

Either way, I think we all expect to see some big spending this summer.

Expect?  I wouldn’t go that far.  Hope, yes.

Since 2009, the Celts have earned an estimated $667.7 million in profit.  (I don’t have access to earlier numbers, and that doesn’t count this year’s profit).  They’ve appreciated by over $2 billion.

They’ve spent $50 million lifetime on tax, including $0 in nine of the past seasons. 



But, I’m holding out hope.

I have in my notes that the C's paid tax for the 2018 - 2019 season, but I am willing to be wrong!

Typo.  That was supposed to say “nine of the past 10 seasons”.

TBH, it's a little stunning to me how everyone just sort of assumes they are gonna be big tax spenders. I don't doubt they will be in it next year, they've always said they will pay the tax for a winner and I take them at their word. But being 7 million over (what they are RIGHT NOW for next year) and paying a small bill is a lot different than being 20+ million over and paying a larger tax bill than they literally ever have.

They just don't have a track record of paying, plenty of teams the last decade have paid more with less on the court performance than the c's.

C's ownership needs to step up, literally the entire rest of the organization has. They should be 20+ million in the tax next year.

[BitterJim]

Either way, I think we all expect to see some big spending this summer.

Expect?  I wouldn’t go that far.  Hope, yes.

Since 2009, the Celts have earned an estimated $667.7 million in profit.  (I don’t have access to earlier numbers, and that doesn’t count this year’s profit).  They’ve appreciated by over $2 billion.

They’ve spent $50 million lifetime on tax, including $0 in nine of the past seasons. 



But, I’m holding out hope.

I have in my notes that the C's paid tax for the 2018 - 2019 season, but I am willing to be wrong!

Typo.  That was supposed to say “nine of the past 10 seasons”.

TBH, it's a little stunning to me how everyone just sort of assumes they are gonna be big tax spenders. I don't doubt they will be in it next year, they've always said they will pay the tax for a winner and I take them at their word. But being 7 million over (what they are RIGHT NOW for next year) and paying a small bill is a lot different than being 20+ million over and paying a larger tax bill than they literally ever have.

They just don't have a track record of paying, plenty of teams the last decade have paid more with less on the court performance than the c's.

C's ownership needs to step up, literally the entire rest of the organization has. They should be 20+ million in the tax next year.

What recent years would spending more in tax have made a real difference to the team, though? Maybe if it meant keeping a guy like Bane, but other than 2018 and 2020 (where we couldn't really get above the tax line because of the cap space for Kemba/the sign and trade we ended up doing with him), what years were we just a bench piece or two away?

It's not like we've been letting players walk for reasonable money just to dodge the tax, so I don't see any reason to expect us not to spend now that the team has proved they are a contender and just need a little help to get over the hump. The change from Ainge to Brad also could mean a major change in philosophy (and Brad already trading 2 firsts seems to indicate that he's already planning on going all in on this squad).

If we cheap out when we're this close then ownership deserves all the criticism in the world, but I haven't seen anything yet that makes me think they will.