In a historic victory, the Celtics defeated the Mavericks to secure their 18th NBA championship, surpassing the Los Angeles Lakers in the record books. The team’s success was due in large part to the pivotal roles played by Jayson Tatum and Jaylen Brown.
Following the championship win, it was revealed that Jayson Tatum would be signing a record-breaking five-year, $313.9 million extension with the Boston Celtics. This deal, the largest in NBA history, solidifies Tatum’s future with the team and cements his status as one of the league’s highest-paid players.
The Celtics’ commitment to building a formidable lineup is evident through their extensions with key players such as Derrick White and Jrue Holiday. These significant financial investments have put a strain on the team’s salary cap and ownership group. With over $600 million committed to stars like Tatum and Brown, as well as substantial luxury tax payments, the team is facing financial challenges that coincide with ownership considering selling the franchise.
In an official statement, Boston Celtics ownership announced their intention to sell the team for estate and family planning reasons. The sale is expected to take place in stages, with a majority interest likely to be sold in 2024 or early 2025, and remaining shares transferred by 2028.
As the Celtics celebrate their historic championship victory, they must also navigate the financial implications of their star-studded lineup and potential changes in ownership. The sale of this storied franchise will have far-reaching effects not only for basketball fans but also for sports business experts around
