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  1. Red Averages

    Doogie does defense, the Sam Hauser thread

    Correct. The front office may include Wyc on all major transactions, but ultimate sign off has always been Irv, despite Red Light Grosbeck’s public perception as The Owner. As for Hauser’s deal, fantastic. His leap on defense last year, from unplayable in the playoffs, to getting real minutes...
  2. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    … so exactly the reason we’ve been talking about. Also to correct some of the math above, BPP only put up about 200mm in equity to buy the team. So as a %of portfolio it’s even lower. Especially when you figure Irv wrote off hundreds of millions in venture capital cap gains against his purchase...
  3. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    This has been the most logical going back to when Jaylen signed the max and we knew there would be luxury payments that Wyc couldn’t afford. It’s a huge testament to Wyc that he did it knowing this was th outcome and 1000000000% why I would never want DraftKings (unless it was mega fan Matt...
  4. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    Yeah. You can only depreciate your purchase price, once you fill that up with assets you need the next thing. Which is why that expanding real estate makes for a great pairing.
  5. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    Fascinating post. Thanks for the detail (and the laughs). The combo of large real estate plus GP stake as a tax shelter can lead to nearly infinite wealth in a world where eat the rich sentiment grows. Expect more premiums for franchises where you can own the team and assets around it ala the...
  6. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    It wouldn’t shock me if Anne Grousbeck didn’t want to own the Celtics. I have zero information on that. However let’s assume: - the majority owner is 89 years old - his stake will be split 50/50 between his two children, Wyc and Anne upon death. - Anne and Wyc have a great relationship. - Wyc...
  7. Red Averages

    Tillman re-signs with C's for 2024-26 seasons

    Awesome. Spend the summer shooting 3s.
  8. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    I’d be really curious if anyone knows the ownership percentages. My unconfirmed understanding is that Irv owns the majority, then Wyc and the rest of the group. What we do know is Pags acquired an additional 8% from Pallotta in 2020 and almost bought the Nets years ago in a deal that would have...
  9. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    https://en.wikipedia.org/wiki/H._Irving_Grousbeck is 89 years old. The statement reads like the Grousbeck family is going to sell it to avoid estate taxes they expect over the next 5 years. And in that time will continue to go full throttle with no change in basketball ops for The Window.
  10. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    No. They are partnered with LeBron and likely to get the Vegas franchise.
  11. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    I think his Dad actually owns most of it. The question would be if its the family selling, or Wyc, or the dad, or some other combination.
  12. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    This goes back to the discussion I was bringing up mid-season. Wyc is not actually liquid. I said the front office is very aware of this and had built in maximum flexibility such that if ownership told them they couldn't pay the repeater tax they could offload a lot of the salary within 2...
  13. Red Averages

    Da’Rique Wheat Re-Signs for Cheap

    This was a done deal about a year ago. Well deserved by White, who continues to be my favorite player on the team
  14. Red Averages

    Wyc ownership group planning to make Celtics available for sale

    Need to see if it's a full sell or partial stake.
  15. Red Averages

    2025 NBA Draft: The Maine Event

    How is Rutgers getting such top end talent?
  16. Red Averages

    Celtics Salary Cap/Tax/Apron Restrictions Situation

    Pags is worth multiple billions and could take a larger ownership % if needed. Besides, Wyc runs everything past his Dad as is. The big concern was ensuring they won a championship to allow for next year. That’s done, so next year is fine. Worry about 2 years out next year, but I think KP would...
  17. Red Averages

    Jayson Tatum's Rise to the Top

    Deserved the MVP. Great series for Tatum, despite the media’s strange campaign against him.
  18. Red Averages

    NBA Finals, Game 5, June 17: Banner Day>Flag Day

    Then why practice 2-3 hours before the game if you know you aren’t playing this series?