Celtics’ Grousbeck Talks Tax Aprons, Sale, Chisholm, Arena

Celtics governor Wyc Grousbeck has agreed to sell his controlling stake in the franchise, but the plan is for Grousbeck to remain in his current position with the team through the 2027/28 season, collaborating with William Chisholm and his investors as the defending champions transition to a new ownership group.

A major part of that transition will involve determining how long to maintain one of the NBA’s highest payrolls. The Celtics are operating over the second tax apron, restricting their ability to make certain roster moves and ensuring that their 2032 draft pick will become “frozen” this offseason, making it ineligible to be traded.

According to Grousbeck, those roster-related restrictions imposed on teams operating above the second apron are of greater concern than the prospect of repeatedly pay substantial luxury tax bills.

“It’s not the luxury tax bill, it’s the basketball penalties,” Grousbeck said during a WEEI appearance when asked about the Celtics’ ability to remain well above the tax line (story via Brian Robb of MassLive.com). “The new CBA was designed by the league to stop teams from going crazy. They decided that it’s not good enough to go after the wallets because the fans can be like, ‘Hey find someone who can afford to spend $500 million dollars a year or whatever it is, like the English Premier League. I know seven guys who own Premier League teams in England with no spending caps and most of them don’t know what the hell is going on.”

“The basketball penalties mean that it’s even more of a premium now to have your basketball general manager be brilliant and lucky,” Grousbeck continued. “Because you have to navigate because you can’t stay in the second apron, nobody will, I predict, for the next 40 years of the CBA, no one is going to stay in the second apron more than two years.”

This is the second consecutive season the Celtics have been in second-apron territory, so Grousbeck’s comments about the sustainability of that approach are eyebrow-raising.

Of course, it’s worth noting that not all of the apron-related penalties had been implemented during the 2023/24 season, so a third season above the second apron might be more viable for the Celtics or another team in ’25/26 than it would be going forward. Still, based on Grousbeck’s remarks, it sounds like some cost-cutting could be in Boston’s future.

Here are a few more noteworthy comments from Grousbeck’s media appearances this week:

On how the Celtics, specifically, plan to navigate the second apron in the short term:
(via Robb)

“We have Brad Stevens, the reigning Executive of The Year, and thank God we do. He’s the one who really brought us this championship with his brilliant moves –along with many other people — but Brad is at the forefront. He’s looking at this and is going to extend our window and make it work. We’ll find out in June or July what we’re going to do.”

On what he told Stevens, head coach Joe Mazzulla, and stars Jayson Tatum and Jaylen Brown about the sale:
(via Sanjesh Singh of NBC Sports Boston)

“I’ve actually talked to Jayson, Jaylen, Joe and Brad and said, ‘Just so you know…these small group of finalists are all great and they can all do the job, and we won’t let it go to anybody who would fall short of that.’ I told them basically just a few days ago when I saw them all at practice, ‘It’s OK. Don’t put it on your mind. Take it off your mind if you can. Because we’ve got you, this is going to go fine.’

“They said, ‘We trust you.’ Jayson Tatum literally looked at me and said, “I trust you, Wyc. Got it.’ And with good reason, hopefully, that he trusts me. Everything’s good on that front.”

On what advice he has given to Chisholm:
(via Singh)

“Be yourself. You are a fan. The fans are going to love you. We’re not going to win every game together. They want to see that you care, that you’re a fan who bought the team. That’s our group here, we’re fans who bought this team. You’re a fan who’s buying in…we’re going to be fans who’s running this team for Celtic pride on and off the court…When you do that, everything else follows.”

On why there are no plans to build a new arena that the Celtics would own:
(via Robb of MassLive.com)

“It’s not broken over there, and we have a great partnership with (the Jacobs family, which owns the Boston Bruins and the TD Garden). Honestly, there’s room for one arena in Boston, not two. Because you need to have concerts and events to fill out the bill. And if we ever talked to the Jacobs, we all decided to renovate the Garden very seriously – there have been huge, hundreds of millions of dollars of renovations. But if we ever decide to do anything, I’m sure we’d do it together and have both teams playing there.

“It shouldn’t be on everybody’s mind. We’ve got a lease in the Garden until, like, the 2030s, and we’ve got a good partnership with them, and we’ll both upgrade whatever we need to do to keep the fans happy, because we’re fans ourselves.”