Yep. similar to Cuban divestment.Is this going to be the Mark Cuban play? Get some big money investor to help pay the luxury tax the next few years while they retain control of team operations?
Or are choosing a timely departure while bagging $5-6B?Holy shit. I guess they got the ring and can't handle the tax payments after this year.
Timeline shows LeBron retiring following the 20026-27 season too. HmmmmThis is reassuring.
Yeah, it now looks like they want to get someone locked in for cash, so that they can pay stupid luxury tax for 4 years and borrow the liquidity to do that against the signed sale in 2028, while still coming out way ahead cash-wise.Or are choosing a timely departure while bagging $5-6B?
It will be interesting to start hearing some names/groups. Sell to Fenway, LeBron relinquishes his share, rebuys a larger share upon retirement and becomes the face of the franchise? Now THAT would piss some people off
I wouldn’t expect to ever see a successful executive take the step down and back into the coaching ranks. Has this ever happened in any sport? (Waits for someone to list 8 coaches w prior GM success, sigh).The biggest near-to-medium term downside is that Brad and Wyc seems aligned/close.
I hope this doesn’t hasten Brad’s coaching search….
Hasn't Pat Riley done this - maybe even multiple times?I wouldn’t expect to ever see a successful executive take the step down and back into the coaching ranks. Has this ever happened in any sport? (Waits for someone to list 8 coaches w prior GM success, sigh).
This is more like Glen Taylor's sale than Cuban's. The timeline outlined by the press release calls for a final closing in 2028 and for Wyc to remain governor until that date. That means he collects any trophy from Adam Silver until the new group buys him out completely, whereas a new governor has already been named in Dallas. (Cuban did not receive the Oscar Robertson Trophy.) Presumably, this gives him the means to juice payroll knowing he has four years of payments incoming for his equity stake.Yep. similar to Cuban divestment.
That's what I have had on my bingo card with Wyc continuing to run basketball ops.
Let the bidding begin.
Steve Kerr went from Phoenix GM to coach of the Warriors, albeit with a break in between.I wouldn’t expect to ever see a successful executive take the step down and back into the coaching ranks. Has this ever happened in any sport? (Waits for someone to list 8 coaches w prior GM success, sigh).
It makes sense. Why would the new majority owners want Cuban making basketball decisions, that's why they have Nico Harrison. Maybe Cuban has some figurehead title (besides minority Partner)?Tim MacMahon reported that Cuban no longer has control of operations here: NBA Finals 2024 - Why Luka Doncic, Kyrie Irving and the Mavericks have a future as title contenders - ESPN .
Nico Harrison reports directly to the Governor, who was installed when the new owner purchased the controlling stake.
Yea, that's rightThis is more like Glen Taylor's sale than Cuban's. The timeline outlined by the press release calls for a final closing in 2028 and for Wyc to remain governor until that date. That means he collects any trophy from Adam Silver until the new group buys him out completely, whereas a new governor has already been named in Dallas. (Cuban did not receive the Oscar Robertson Trophy.) Presumably, this gives him the means to juice payroll knowing he has four years of payments incoming for his equity stake.
I hope you are right.I wouldn’t expect to ever see a successful executive take the step down and back into the coaching ranks. Has this ever happened in any sport? (Waits for someone to list 8 coaches w prior GM success, sigh).
And IU is likely opening up next spring when Woodson is fired.I hope you are right.
Brad has gone seemingly out of his way to mention how much he loves coaching, is a coach at heart, etc.
He also always makes a point to say how much he doesn’t miss the grind of being a coach.I hope you are right.
Brad has gone seemingly out of his way to mention how much he loves coaching, is a coach at heart, etc.
This was my concern. Less about Brad going back to coaching, and more about Brad wanting to go to a more stable environment with an ownership group he trusts. We don't need to look further than BB with the Jets to see that shit matters for certain people.The biggest near-to-medium term downside is that Brad and Wyc seems aligned/close.
I hope this doesn’t hasten Brad’s coaching search….
I'll add a third bullet pointI'll comment in more detail later, but as the facts are coming out, it really looks like they want to both
- sell high
- enjoy owning a title-contending team for 4 years before closing that sale
The over/under on the number of players appearing in this promo picture actually appearing in the game is probably 3 / 6. Maybe 2.Wyc going to sell his share to a Saudi Prince.
View: https://twitter.com/celtics/status/1765396778348667083
Right, and it looks like Wyc is ensuring we don’t get the nightmare scenario of a new cheap owner shipping Tatum off for picks and expiring contracts. I’m good with this tbh. We’re essentially committing to this cap hell for a serious title window.I’d feel more concerned if there were, I guess, more flexibility on the roster. We are locked into an excellent team with the remaining short-term decisions mostly coming down to which pen will be used to sign Tatum’s contract.
Gregg Popovich did OK for himself, I'd say.I wouldn’t expect to ever see a successful executive take the step down and back into the coaching ranks. Has this ever happened in any sport? (Waits for someone to list 8 coaches w prior GM success, sigh).
I expect the BUYER to look more like the "Cuban sale" (real estate, gambling, Institutional).This is more like Glen Taylor's sale than Cuban's. The timeline outlined by the press release calls for a final closing in 2028 and for Wyc to remain governor until that date. That means he collects any trophy from Adam Silver until the new group buys him out completely, whereas a new governor has already been named in Dallas. (Cuban did not receive the Oscar Robertson Trophy.) Presumably, this gives him the means to juice payroll knowing he has four years of payments incoming for his equity stake.
HRB hedged well and was tongue-in-cheek, so this is not a dunk.....but it's very very funny that the first two examples were two of the most successful coaches in history, and are both still active.Gregg Popovich did OK for himself, I'd say.
He still owns 27% but that doens't really mean anything in terms of having any control.BTW, everyone keeps talking about Cuban and the Mavs, but didn't he eventually give up the governorship and is no longer controlling the team?
Could be Bonderman buying out his partners if that is the case especially if he has a side deal for the Vegas expansion team to use his stadium in Vegas.If they have already laid out the timeline like that, it tells me they already have a buyer in mind that is amicable to those conditions?
Seems not crazy!If they have already laid out the timeline like that, it tells me they already have a buyer in mind that is amicable to those conditions?
Yeah it's been brought up several times and debunked a couple times. After a sale is final there's no real way the current ownership group is going to still be calling the shots.BTW, everyone keeps talking about Cuban and the Mavs, but didn't he eventually give up the governorship and is no longer controlling the team?
He alledged “stepped down” ala Ainge then gave all these defensive answers that didn’t make sense like wanting to spend more time at home (yeah so jump into head coaching lol) so maybe he’s a one-off or maybe he left before Sarver could fire him to save face.Steve Kerr went from Phoenix GM to coach of the Warriors, albeit with a break in between.
Honestly, I think this is exactly what this is given the statement that they put out.Wonder if they are planning to sell a bulk of the team to a new vehicle made up of many of the same people, to shift the estate issues for an 89 year old.
Pags is just going to buy out Wyc’s stake lol.Seems not crazy!
Do we care who collects the trophy from the Commish?BTW, everyone keeps talking about Cuban and the Mavs, but didn't he eventually give up the governorship and is no longer controlling the team?
The Johnson's are very anti-publicity unless it is on their terms. They've been more open recently but it's all been puff pieces about how great and magnanimous they are / Fidelity is.Abigail Johnson seems like the first name to consider.
I mean it depends on the terms of the sale, which right now is 100% controlled by current ownership. If Wyc is remaining as Governor for 4-5 years, there are going to be conditions attached, and I’d guess they include Wyc using some of the sale money to help fund the tax.Whoever owns the team is going to have a say, I would say THE say in whether and how much luxury tax the Celtics are going to pay. Doesn't matter if Wyc is still involved or not (assuming he doesn't have a controlling interest).
Not if they don't close until 2028. The idea is that the new owner locks in the ability to own the team then, and locks in a price, but isn't responsible for luxury tax in the meantime.Whoever owns the team is going to have a say, I would say THE say in whether and how much luxury tax the Celtics are going to pay. Doesn't matter if Wyc is still involved or not (assuming he doesn't have a controlling interest).