Celtics owner Wyc Grousbeck eyes massive price tag as sale of team moves forward – Press Herald

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NBA Finals Basketball

Boston Celtics owner Wyc Grousbeck raises the Larry O’Brien trophy after the Celtics beat the Mavericks in Game 5 to win the NBA Finals on July 17. MIchael Dwyer/Associated Press

Changes are bound to happen in the coming months for the Boston Celtics.

Soon after the team won its 18th NBA title last month, Boston Basketball Partners L.L.C. – led by Wyc Grousbeck for the last 22 years – announced it was going sell its majority ownership share of the team

The timeline, potential buyers and all those details are still up in the air, but there’s bound to be interest considering, well, it’s the Boston Celtics. Grousbeck recently went on CNBC’s Closing Bell program in his first official comments about the upcoming sale.

“I haven’t thought much about going forward, but I am a competitive guy,” Grousbeck said. “Why not? I mean, if you’re going to keep score, keep score in everything.”

Just how high will the price go? Most recently in the NBA, the Mavericks went for $4 billion when Marc Cuban sold to the Adelson family. In the NFL, the Commanders sold for a record $6 billion. Grousbeck said he doesn’t know what price will be paid the Celtics, but he did entertain the idea of those massive numbers.

“I’m very bullish on the NBA,” Grousbeck said. “We have a great partnership with our players. We do work together and that’s just a true statement. The Celtics showed that this year, teamwork but it’s a unified league and great players. It’s global. And we’re just getting started internationally. We’re going to be bigger internationally than we are today.”


Considering the Celtics’ history, including a record 18 titles, the franchise has a special spot in the league. As team valuations just keep rising, so will the price for the Celtics.

• It’s been less than a month since the Celtics clinched an NBA championship over the Mavericks, and Jayson Tatum says Coach Joe Mazzulla is already drawing some stuff up for next season.

Tatum, in Las Vegas as he prepares for the Paris Olympics with Team USA, talked to reporters about how he feels now that he’s finally won a title – pretty darned good. At the same time, Tatum is trying to get his coach to enjoy it a little more as well.

“Joe is already trying to draw up (expletive) for next season, and I was like, ‘… We just won a championship. Enjoy it. Relax,’ ” Tatum told reporters in Las Vegas, via ESPN. “Like, I’m not worried about any sets that he’s trying to put in right now. We had a laugh about it, because he’s just so driven – which we all are, but it’s like, man, we worked so hard for this. So we got to enjoy it.”

This year’s championship was the first title for both Tatum and Mazzulla.

PISTONS: Cade Cunningham and Detroit agreed on a five-year contract extension worth at least $224 million, two people familiar with the situation told The Associated Press.

The deal could reach nearly $270 million if Cunningham becomes eligible for a supermax extension. ESPN was first to report the agreement, which starts with the 2025-26 season.

Detroit drafted Cunningham No. 1 overall in 2021, and the former Oklahoma State star has had individual success amid hard times for a three-time NBA-championship winning franchise.

The 6-foot-6 point guard has averaged 20 points, 6.5 assists and five rebounds in his career, which included an injury-shortened second season.

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