|What we know about Celtics’ financial situation||07.21.11 at 4:10 pm ET|
In case you haven’t heard, NBA owners have locked out their players, and the outlook appears grim, as Celtics owner Wyc Grousbeck is among a group willing to lose the entire 2011-12 season over the labor dispute.
Grousbeck and the rest of the ownership group purchased the Celtics in late 2002 for a then-record $360 million, taking on $180 million in debt. Forbes.com valued the franchise at $452 million after their near-title 2009-10 season, a 65.0 percent increase in value since the 2001-02 season.
Before we put how much the Celtics have made — and stand to make — from their new TV deal into perspective, let’s take a year-by-year look at how the Celtics have done financially since the current owners took helm …
|What can Celtics expect from JaJuan Johnson?||07.19.11 at 6:11 pm ET|
The C’s picked the 6-foot-10, 220-pound four-year collegiate power forward with the No. 25 pick in the first round of the 2011 NBA draft. In the five previous drafts, ever since the NBA banned high school players from joining the league until age 19 or one year after the graduation of their high school class, exactly 30 four-year college players have been drafted in the first round.
- Of those 30 players, seven were either power forwards or centers like Johnson.
- Of those seven players, four lasted past the lottery.
- Of those four players, three played more than 10 games.
- Of those three players, two averaged more than three points as rookies.
- Of those two players, one measured under 7 feet, 2 inches tall: Trevor Booker.
It could be better (Roy Hibbert) or worse (DeMarre Carroll) than the 6-foot-7, 240-pound Booker, the No. 23 pick by the Wizards (via the Timberwolves) in 2010. To get an idea of what the Celtics should expect from their first-round pick if and when the 2011-12 season begins — and beyond — here’s how the seven other four-year collegiate big men have fared since 2006 …
|Tracy McGrady doesn’t seem to like Boston too much||07.19.11 at 10:57 am ET|
A couple weeks ago, we discussed why the Celtics could and should offer 32-year-old free-agent shooting guard Tracy McGrady a contract. Well, based on his recent Twitter activity, McGrady probably won’t be landing in Boston anytime soon. Well, at least not for the $1-point-something million veteran minimum.
First, McGrady tweeted the accompanying Photoshopped photo of himself in a Lakers uniform, wearing the legendary Smush Parker‘s No. 1 jersey, accompanied by the caption: “Yes or No?.” T-Mac also expressed his desire to sign in Los Angeles last summer.
Of course, McGrady later tweeted, “let me clarify: the pic of me in a Lakers uni is just a repost from a follower that sent it to me, along w/ caption yes or no. #ingoodfun”
Hmm, I wonder if his agent got to him: “Ahhh, Tracy, you might not want to tip your hand about where you want to sign before teams are even able to offer you a contract. I mean, you’re a seven-time NBA All-Star who played in Detroit for an awful Pistons team last season for the veteran minimum. Just a suggestion, buddy.”
|Report: Celtics to sign lucrative broadcasting deal||07.18.11 at 1:29 pm ET|
Celtics owners would probably rather this news come when they aren’t locking their players out while the NBA cries poor, but the C’s and Comcast SportsNet New England are finalizing a broadcasting rights extension that should benefit the team by tens of millions of dollars — if not nine figures — per year, according to a Sporting News report.
Unlike the Red Sox, the Celtics do not currently own the network that broadcasts their games, but this 20-year extension would reportedly give Wyc Grousbeck, Steve Pagliuca & Co. a 20 percent ownership stake in Comcast’s regional sports network.
The NBA would have to approve such an agreement, and that might not happen until after the lockout. How much the Celtics take home from the reported deal will also depend on the collective bargaining agreement, as revenue sharing like this is at the heart of the negotiations.
The Celtics and CSNNE began discussions a year ago, and talks started steamrolling in February once the rival Lakers signed a 25-year deal with Time Warner Cable worth an estimated $200 million annually, the Sporting News said. According to a February Sports Business Journal report, the Lakers (4.9) and Celtics (4.8) ranked fourth and fifth in television ratings this past season. Here’s how the Sporting News broke down the financials …
|Doc Rivers to Austin Rivers: ‘Never settle’||07.18.11 at 11:55 am ET|
After dunking over former Celtics forward Rasheed Wallace twice during his debut at the SJG Greater NC Pro-Am (a.k.a “The Rucker of the South”), Duke University’s No. 1 basketball recruit and son of Celtics coach Doc Rivers, Austin Rivers, continued to put on a dazzling display of moves at the event, which includes high school graduates, college players, current NBA players and former pros. His latest victim, thanks to a Tim Hardaway-esque killer crossover: NC State’s Lorenzo Brown (see embedded video).
Also, SLAM Magazine sat down with Austin Rivers at the NC-Pro Am, and the nation’s No. 1 player in the Class of 2011 explained his father’s advice …
- SLAM: What is the one thing that you’ve learned the most from your father (Celtics coach Doc Rivers)?
- AR: “Just never to settle, man. There have been so many kids that have talent that have just stopped getting better. That’s one of the reasons that I have been ranked amongst the top players for so long. Even when I was ranked No. 3 in the country, that really bothered me because I always want to be the best. You can rank me 100 or 1, but I’m always going to work to be the best. That’s the main thing that my dad taught me: Never settle.”
|Celtics’ free agent options at backup point guard||07.15.11 at 6:21 pm ET|
We’re two weeks into the NBA lockout, but that doesn’t mean we can’t examine which free agents will be available to the Celtics for the (fingers crossed) 2011-12 season once commissioner David Stern and players association executive director Billy Hunter hash out their differences. We have already profiled the C’s biggest needs — at center and shooting guard — so we move to a less pressing but critical position: Backup Point Guards.
The Celtics started and finished the 2010-11 season with three additional players capable of playing the point guard position behind All-Star starter Rajon Rondo on the 15-man roster: Delonte West, Avery Bradley, Nate Robinson (before trade) and Carlos Arroyo (after trade). Only Rondo and Bradley remain, so it stands to reason that the Celtics will sign at least one more floor general.
The C’s targets depend on how confident they are in Bradley and how cheaply they can find a reliable backup (or third-string). As we’ve noted before, the Celtics have six players under contract in 2011-12 for a combined $64.3 million (Kevin Garnett, $21.2 million; Paul Pierce, $15.33 million; Ray Allen, $10 million; Rajon Rondo, $10 million; Jermaine O’Neal, $6.23 million; Avery Bradley, $1.53 million), and Jeff Green is due at least another $5.91 million this offseason.
Signed through 2014-15, Rondo has cemented himself as the franchise’s foundation, and Bradley — under their control until his restricted free agency in 2014-15 — is slotted as the backup of the future. As a result, the C’s ideally would seek a veteran pure point guard and/or a capable combo guard who wouldn’t completely destroy their chances should Rondo’s injury issues persist and Bradley prove ill-prepared for big minutes. Arroyo and West fit those descriptions, but one might be too expensive and the other could sign overseas during the lockout.
Without further ado, let’s take a look at the options that should be available to the Celtics at backup point guard, separating the current free agent players into five categories ‘¦
|Report: Celtics center Jermaine O’Neal cited in Charles Oakley’s assault lawsuit||07.15.11 at 11:45 am ET|
This past season, when Charles Oakley was hired by the Bobcats as an assistant coach in January, Celtics guard Ray Allen openly wondered why it took so long for a team to give Oakley a chance to mentor younger players in the NBA. Now, we might know why, and Allen’s teammate Jermaine O’Neal might have to answer for it.
A group of Las Vegas security officers are countersuing Oakley, seeking damages of at least $20,000 for a May 2010 incident — during which Jermaine O’Neal was reportedly present — that they claim was the third of a series of assaults by Oakley on Vegas casino employees since 2005, according to business journal Vegas Inc.
Oakley had sued them along with the Aria hotel and casino on May 12, claiming the officers physically attacked him following an argument at the hotel-casino’s Liquid pool. Oakley missed the final 13 games of the season with back problems he claimed stem from this incident, and the Bobcats have since hired assistant coach Rob Werdann as a potential replacement should Oakley not be able to return to the bench next season.
Here’s the passage from the Vegas Inc. website that indicates the current starting Celtics center was present when the incident went down:
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