July 01, 2024

74 signings already worth $819 million in contractual dollars in 90 minutes of NHL free agency.

posted by NoMich at 01:37 PM on July 01, 2024

Interesting that Celtics owner Grousbeck had gone on the record saying that operating the team at a loss was not a concern and also said that ownership would get paid in parades, not profits.

Now he's had a parade and wants out.

To let someone else bear the brunt of operating the franchise perhaps (the 2024-25 salary cap was set a day or two ago and they gave Jayson Tatum a record extension earlier today).

And while the asking price for his controlling stake is at a premium in the afterglow of the title.

posted by beaverboard at 07:30 PM on July 01, 2024

I don't understand how a good NBA franchise can lose money. I know that player salaries are exorbitant, but so are the media rights deals, game tickets, concession prices, parking prices, swag prices.

posted by NoMich at 08:57 PM on July 01, 2024

losing money can only mean mismanagement. the price of everything related to team is so high, it's a crime to lose money!! but here in Belgium it's very different, our basketball is so weak it's hardly makin any money cheers The Belgian Florist, Brussels

posted by belgium at 07:49 PM on July 02, 2024