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Grousbeck: Green days for C’s

Posted By Jessica Camerato On November 6, 2009 @ 1:05 am In General | 1 Comment

Are the Green concerned about their greenbacks?

That financial question was raised in a recent article on Yahoo! Sports [3], which suggested co-owner Wyc Grousbeck’s consideration of suspending injured Glen Davis [4] had less to do with discipline and more to do with money.

Just months after signing a two-year deal worth over $6 million, Davis broke his thumb fighting a childhood friend and will be sidelined for at least six weeks. Reports then surfaced that the team was looking to take back some of the salary. Days after the Davis episode subsided, the Celtics committed $55 million to Rajon Rondo [5]over the next five years.

Coupling the money owed to an injured Davis with their recent spending spree on Rondo, is Grousbeck concerned about the team’s finances? Quite the opposite. In fact, the Celtics are on a record-setting pace for revenue as they feature a reloaded team contending for another trophy.

“On the contrary, we are on course to set a new record for revenues thanks to our fantastic fan support and support from our sponsors and broadcast partners,” Grousbeck told WEEI.com via email. “We appreciate everything they have done to support the team.”

Rondo’s new deal is a major financial obligation for a team who already has over $32 million tied up with starters Rondo, Kevin Garnett [6], and Kendrick Perkins [7] next season alone. Next summer they will face Paul Pierce [8]‘s $21.5 million player option and will also have to address Ray Allen [9]‘s unrestricted free agency.

That’s just the starting lineup. The Celtics will also face the question of building their bench as role players including Marquis Daniels [10]Eddie House [11]Brian Scalabrine [12]Tony Allen [13], and Shelden Williams [14] have expiring contracts.

The new-look Celts have been nothing short of a hit sensation. They are off to a 6-0 start two years removed from their 17th title and one year removed from reaching the Eastern Conference Semifinals with an undermanned/overachieving team.

And regardless of their upcoming financial commitments, Grousbeck remains confident the organization is prepared to continue its pursuit for another championship.

Said Grousbeck, “I thank the fans and sponsors and will do everything I can to keep a winning team on the floor.”


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URL to article: http://greenstreet.weei.com/sports/boston/basketball/celtics/2009/11/06/grousbeck-refutes-claims-of-celtics-financial-troubles/

URLs in this post:

[1] > Grousbeck: Green days for C’s" data-url="http://greenstreet.weei.com/sports/boston/basketball/celtics/2009/11/06/grousbeck-refutes-claims-of-celtics-financial-troubles/">Tweet: http://twitter.com/share

[2]  : #disqus_thread

[3] article on Yahoo! Sports: http://sports.yahoo.com/nba/news?slug=mc-davisceltics102709&prov=yhoo&type=lgns

[4] Glen Davis : http://weei.stats.com/nba/playerstats.asp?id=4313&team=

[5] Rajon Rondo : http://weei.stats.com/nba/playerstats.asp?id=4149&team=

[6] Kevin Garnett: http://weei.stats.com/nba/playerstats.asp?id=3007&team=

[7] Kendrick Perkins: http://weei.stats.com/nba/playerstats.asp?id=3730&team=

[8] Paul Pierce: http://weei.stats.com/nba/playerstats.asp?id=3253&team=

[9] Ray Allen: http://weei.stats.com/nba/playerstats.asp?id=3080&team=

[10] Marquis Daniels: http://weei.stats.com/nba/playerstats.asp?id=3764&team=

[11] Eddie House: http://weei.stats.com/nba/playerstats.asp?id=3436&team=

[12] Brian Scalabrine: http://weei.stats.com/nba/playerstats.asp?id=3544&team=

[13] Tony Allen: http://weei.stats.com/nba/playerstats.asp?id=3842&team=

[14] Shelden Williams: http://weei.stats.com/nba/playerstats.asp?id=4133&team=

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