Boston, MA
Boston Celtics Going Up For Sale After Winning Record 18th Championship
Buy low, sell high.
That seems to be the strategy at work in recent sales of NBA teams, the most recent being the storied Boston Celtics. The club’s ownership group, Boston Basketball Partners L.L.C., announced today its “intention to sell all the shares of the team.”
The sale is likely to set a record for an NBA franchise.
The announcement comes just weeks after the Celtics won a record 18th NBA Championship. It also comes just hours after the team locked in the core players who won that championship, including Jayson Taytum, who got the largest contract in league history today (a five-year, $315 million deal) and Derek White (a four-year, $125.9 million extension).
In fact, many observers say the league has never been this stacked, talent-wise, with foreign players expanding the talent pool and a potential must-see prodigy now attached to one of the league’s flagship franchises after 20-year-old (and 7’6″) Frenchman Victor Wembanyama signed with the San Antonio Spurs.
Also fortuitous: The NBA is on the cusp of what should be it’s biggest media rights deal ever, thought to be worth about $76 billion. That deal is expected by many to be the peak of such agreements for the league, with subsequent deal totals declining. It is further expected to be coupled with exorbitant expansion fees in coming years as the league looks to expand its number of teams. Those fees are shared among owners of existing franchises. The last NBA media rights deal had a nine-year term. The upcoming agreement is expected to be along those lines, time wise.
Case in point is the team the Celtics beat last month to win the championship. Dallas Mavericks owner Mark Cuban — no slouch himself at the art of “buy low, sell high” — received approval in December to sell the team for about $3.5 billion. That’s a cool $3-plus billion over his purchase price and Cuban will reportedly retain 27% of the team and may well retain control of basketball operations.
According to Yahoo Sports, Cuban has expressed concern that the broadcast deal after this one (likely after 2030) could fall victim to the sports broadcast rights bubble bursting.
The record valuation for an NBA team is the $4 billion Matt Ishbia agreed to in 2022 for the Phoenix Suns. While Phoenix is a hot market with and has a good roster, it doesn’t come close to the reigning champs, who have better players from top to bottom, a rabid fan base and arguably the greatest lore of any team in the league.
Sources cited by Sports Business Journal “suspect the team could sell for well above $5B, after Forbes valued the franchise at $4.7B in 2023.”
Boston Basketball Partners LLC said the sale is being made “for estate and family planning considerations. The managing board expects to sell a majority interest in 2024 or early 2025, with the balance closing in 2028.”
Boston, MA
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Gray, acquired in a November trade from the St. Louis Cardinals, was one of Boston’s key rotation additions, along with Ranger Suarez, in the offseason. He was 14-8 with a 4.28 ERA in 2025.
“He’s very specific about his work. Every day has a purpose,” Red Sox manager Alex Cora said of Gray. “Two hundred strikeouts, that’s something that we were looking for. The competitor. Every five days, this guy is going to give you everything.”
In his five career appearances against the Reds, Gray is 1-3 with a 4.18 ERA.
“It’s pretty much one of the only things that is continuing to push me, is to get to a World Series, to win a World Series, to pitch in big games,” said Gray. “I love the moment, and I am chasing that moment.”
Here’s the preview:
RED SOX (1-0): TBA
Pitching: RHP Sonny Gray
REDS (0-1): TBA
Pitching: RHP Brady Singer
Time: 4:10 p.m.
TV, radio: NESN, WEEI-FM 93.7
Red Sox vs. Singer: Wilyer Abreu 2-5, Roman Anthony 1-2, Willson Contreras 2-7, Jarren Duran 3-10, Caleb Durbin 0-1, Isiah Kiner-Falefa 6-16, Marcelo Mayer 0-1, Andruw Monasterio 1-4, Carlos Narváez 1-1, Ceddanne Rafaela 1-5, Trevor Story 0-4, Connor Wong 2-8, Masataka Yoshida 2-7
Reds vs. Gray: Will Benson 0-5, Elly De La Cruz 5-11, TJ Friedl 1-8, Ke’Bryan Hayes 4-17, Nathaniel Lowe 2-10, Noelvi Marte 0-5, Matt McLain 2-2, Spencer Steer 4-9, Tyler Stephenson 0-8, Eugenio Suárez 7-13, Jose Trevino 0-2
Stat of the day: Sal Stewart become the first Cincinnati rookie since 1958 to record three hits on Opening Day.
Notes: Cincinnati sends righthander Brady Singer (14-12, 4.03 in 2025) to the mound … With Hunter Greene and Nick Lodolo already on the injured list to start the season, Singer is considered one of Cincinnati’s most durable pitchers, leading the Reds with 32 starts last season … Singer has made five career starts against Boston, posting a 2-2 record with a 4.88 ERA over 24 innings … His last appearance against the Red Sox, on July 1 in Boston, ended after just three innings when he allowed two earned runs on three hits.
Cam Kerry can be reached at cam.kerry@globe.com.
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