Boston, MA

Boston Celtics Going Up For Sale After Winning Record 18th Championship

Published

2 years ago

July 1, 2024

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.”

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Boston, MA

Canvas reportedly reaches deal with hackers for stolen data – Boston News, Weather, Sports | WHDH 7News

Published

11 minutes ago

May 12, 2026

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Canvas reportedly reaches deal with hackers for stolen data – Boston News, Weather, Sports | WHDH 7News

BOSTON (WHDH) – The maker of the online learning platform Canvas has reportedly reached a deal wit the hackers who took down the site last week to get their data back.

The company did not reveal what was given to the hackers in exchange for the return of more than 275 million users’ data, but said they confirmed the data was detroyed.

Canvas was down for several hours last week because of the cyberattack.

The hacking group said nearly 9,000 schools worldwide were impacted, including Harvard University.

They said they accessed billions of private messages and personal information.

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Boston, MA

What we know about accused Memorial Drive gunman Tyler Brown

Published

12 hours ago

May 11, 2026

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What we know about accused Memorial Drive gunman Tyler Brown

Investigators identified Tyler Brown of Boston as the man who allegedly opened fire on Memorial Drive in Cambridge, Massachusetts, leaving two victims with life-threatening injuries.

Middlesex County District Attorney Marian Ryan said Brown fired 50 to 60 shots on the busy road shortly after 1 p.m. Monday.

Two male victims were hit in vehicles, Ryan said. They are in critical condition and fighting for their lives.

A Massachusetts State Police trooper and a civilian with a license to carry a firearm went toward the gunman and fired their weapons at him. Officers treated Brown at the scene, and he was brought to a Boston hospital, where he is in intensive care, according to the district attorney.

This video shared with NBC10 Boston appears to show a man opening fire at cars on Memorial Drive in Cambridge, Massachusetts, on Monday, May 11, 2026.

Authorities have, so far, shared limited information about the suspect.

“Mr. Brown is from Boston, and apparently was in the process of moving here. We understand that Mr. Brown was under the supervision of either the Massachusetts Probation Department or Department of Parole,” Ryan said.

She did not elaborate on why Brown may have been on probation or parole.

“We will address Mr. Brown’s criminal record, if any, at the arraignment,” she said.

Ryan added that she did not know enough about Brown’s condition to say whether he would be arraigned in court or in a hospital bed. The timing was also not clear.

He will face two counts of armed assault with intent to murder and firearms charges, and “a variety of other charges as we unfold what took place, exactly, and we have a chance to speak to the many, many people who were out there,” Ryan said.

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Boston, MA

Portion of Storrow Drive, Soldiers Field Road will close nightly through August – The Boston Globe

Published

1 day ago

May 11, 2026

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Portion of Storrow Drive, Soldiers Field Road will close nightly through August – The Boston Globe

An inbound stretch of Storrow Drive and Soldiers Field Road will be closed each night through August for tunnel repairs, officials announced.

Starting Monday, the closures will begin at 8 p.m. and last until 5 a.m., state officials said.

Road closures begin at North Harvard Street in Allston and stretch along the Charles River Esplanade to Mugar Way in Boston, near the Hatch Memorial Shell, officials said.

Traffic will be detoured into Cambridge over the Anderson Bridge, along Memorial Drive, and then be routed into Boston over the Longfellow Bridge.

The closures will allow ongoing repairs to the Storrow Drive Tunnel in the Back Bay. The work is the first phase of a two-stage project to extend the lifespan of the tunnel, which carries roughly 50,000 drivers to and from downtown Boston daily.

The outbound portion of the tunnel and accompanying roadways will not be affected.

State transportation officials said changes to the work schedule will be made when necessary to minimize impacts during major local events at TD Garden, Fenway Park, or during the FIFA World Cup and 250th anniversary celebrations scheduled for this summer.

Additional changes may be made without notice due to weather.

Transportation officials have not specified when the closures will end.

Bryan Hecht can be reached at bryan.hecht@globe.com. Follow him on Instagram @bhechtjournalism.

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