With the NBA’s Board of Governors set to vote on the Celtics sale later this month, there don’t appear to be any reasons that it might be rejected, writes Brian Robb of MassLive. New majority owner William Chisholm finalized the funding for the $6.1 billion purchase in May, with Robert Hale, Bruce A. Beal Jr. and Sixth Street among the other notable investors.
The group will take over a 51% stake of the team this summer, with the remainder of the purchase to be completed in 2028. Some concerns were raised about a two-stage deal after a similar arrangement in Minnesota had to be worked out in court, but commissioner Adam Silver didn’t raise any objections when asked about the purchase during his press conference Thursday before the start of the NBA Finals.
“I’d just say that the Boston Celtics deal I don’t think of as a staged deal,” Silver said. “They’re still in the process of completing it. It’s really more about a phase-out of current ownership. I think there Bill Chisholm, who is the incoming owner, he’s got to sort of straighten out some affairs in his life and his business. He’s currently located on the West Coast. I think he’s a huge admirer of (current majority owner) Wyc Grousbeck and the way he’s been running that team. Obviously their results speak for themselves.”
There’s more from Boston:
- Kristaps Porzingis, Jrue Holiday and Sam Hauser are all likely to be traded this summer if management is determined to get below the tax threshold, Robb states in a mailbag column. With a $10MM salary next season, Hauser should be easy to move without taking back another player in return, Robb adds. That won’t be true for Porzingis ($30.7MM) or Holiday ($32.4MM), but Robb suggests that Boston can reduce the salaries it takes on by getting other teams involved.
- As the Celtics consider how to cut payroll this summer, Derrick White should be kept off the table in any trade talks, contends Chad Finn of The Boston Globe. Finn points out that White holds the franchise record for the most made three-pointers in a season, and he’s an elite shot blocker for a guard. He’s only 30 with a relatively affordable contract, and he can be part of the foundation to rebuild around when Jayson Tatum returns from his Achilles injury.
- Tatum offered an update today on his recovery from surgery, tweeting, “Day 25… days starting to get a little easier.”