Boston Celtics Rumors | Hoops Rumors

Celtics Sign Jayson Tatum To Super-Max Extension

July 6th, 2024 at 12:52pm CST by Luke Adams

JULY 6: The richest contract in NBA history is now official, with the Celtics announcing in a press release that they’ve signed Tatum to his super-max extension.

“Jayson is a special person and player, and it’s been a thrill for all of us to watch his entire journey in Boston,” president of basketball operations Brad Stevens said in a statement. “He has embraced all that comes with being a great Celtic, and shows consistent and genuine care for every one of his teammates, coaches, and staff across the organization. Despite all the team accomplishments and individual awards, Jayson is committed to constantly improving. He works hard and is extremely driven by the challenges of the game – especially the goal of competing with his teammates for championships. We are obviously ecstatic that Jayson chose to extend his contract and add to his amazing career as a Boston Celtic.”

JULY 1: The Celtics and Jayson Tatum have agreed to terms on a five-year, super-max extension that will begin in 2025/26 and will start at 35% of the salary cap, reports Chris Haynes of TNT and Bleacher Report (Twitter link).

Based on the NBA’s latest cap projection, the five-year contract will start at approximately $54.13MM and will be worth a total of $313.93MM, making it the largest deal in league history. It will replace the $37MM player option for 2025/26 from Tatum’s current contract and will run through the ’29/30 season.

Tatum, who won his first championship this spring, earned All-NBA First Team honors for a third straight season after averaging 26.9 points, 8.1 rebounds, and 4.9 assists in 35.7 minutes per game with a .471/.376/.833 shooting line for the league’s top team.

The star forward met the super-max criteria, increasing his maximum salary from 30% of the cap to 35%, by making the All-NBA team in both 2022 and 2023. He needed one more year in the NBA in order to meet the service time criteria of at least seven years, but this move had been expected since last spring once he became eligible.

Tatum’s deal, which can be officially signed as early as July 6, is on track to be completed less than one year after his teammate Jaylen Brown signed a five-year super-max extension of his own. Brown’s deal, which went into effect today and previously held the title of biggest contract in NBA history, is worth approximately $285.4MM.

Having also agreed to a four-year, $125.9MM extension with guard Derrick White earlier today, the Celtics have locked up three of their five starters through at least the 2027/28 season, with a fourth (Jrue Holiday) holding a player option for that year. Boston’s fifth starter (Kristaps Porzingis) is under contract through ’25/26. It projects to be one of the league’s priciest rosters going forward, but the Celtics now have their championship core under team control for the long term.

The Celtics will become one of four teams who have multiple players on maximum-salary contracts that began at 35% of the cap. The Bucks (Giannis Antetokounmpo, Damian Lillard) and Sixers (Joel Embiid, Paul George) will have two apiece, while the Suns (Kevin Durant, Devin Booker, Bradley Beal) are carrying three.

Brissett Still Seeking Better Opportunity

July 4th, 2024 at 10:55am CST by Dana Gauruder

The Celtics have one remaining roster spot after agreeing to re-sign Luke Kornet and Xavier Tillman. The team has interest in bringing back wing Oshae Brissett, who declined his $2.5MM player option. However, Brissett is still seeking out another team that can offer more playing time, Adam Himmelsbach of the Boston Globe reports.

The Celtics still have the option to bring back Brissett on a veteran’s minimum deal or with Non-Bird rights.

In the same story, Himmelsbach reports that Jaden Springer and Jordan Walsh are expected to be on the Celtics’ Summer League roster. Current two-way player Drew Peterson, former two-way player JD Davison, draft picks Baylor Scheierman and Anton Watson, and possibly Neemias Queta could also participate.

Eastern Notes: Cavs, Ott, Nets, Celtics, Hawks

July 3rd, 2024 at 11:21pm CST by Luke Adams

After spending the past two seasons as a Lakers assistant, Jordan Ott has agreed to join Kenny Atkinson‘s coaching staff with the Cavaliers, sources tell Adrian Wojnarowski of ESPN (Twitter link).

Ott, who previously worked under Atkinson in Brooklyn, interviewed for Charlotte’s head coaching position this spring. According to Wojnarowski, Ott was a finalist in that process before the Hornets ultimately chose Charles Lee.

Michael Scotto of HoopsHype first reported that Ott was expected to land in Cleveland as an assistant if the Cavs decided to hire Atkinson.

Here are a few more notes from around the Eastern Conference:

Agents and league executives who have spoken to Brian Lewis of The New York Post don’t expect the Nets to opt for an extended rebuilding process that would see them slowly stockpile draft assets and sacrifice their projected 2025 cap room by taking on unwanted multiyear contracts. According to Lewis, the team is considered more likely to hang onto its biggest expiring contracts – including Ben Simmons‘ – and to pursue roster upgrades a year from now when could have upwards of $80MM in cap space.
Fred Katz of The Athletic takes a wide-ranging look at the Knicks‘ free agent and trade options to add a backup center, suggesting that Precious Achiuwa might be the top free agent candidate to end up in New York, even though he’s not the sort of “conventional” shot blocker and rim protector that head coach Tom Thibodeau would prefer.
In a pair of stories for MassLive.com, Brian Robb examines what the Derrick White contract extension means for the Celtics going forward – from both a roster and cap perspective – and notes that Boston will have a couple holes to fill on its coaching staff after the Hornets announced that former Blaine Mueller and Jermaine Bucknor are joining Charles Lee in Charlotte. Mueller coached the Maine Celtics last season, while Bucknor was a player development coach in Boston. Another Celtics assistant, Sam Cassell, was “heavily targeted” by rival teams seeking an experienced assistant, but appears likely to remain in Boston, Robb adds.
The Hawks are being sued by longtime executive and former team president Robert “Bob” Williams, who has accused the team of breach of contract and claims he’s owed a $660K bonus. Rosie Manins of The Atlanta Journal-Constitution has the details in a subscriber-only story.

Celtics Re-Sign Drew Peterson To Two-Way Contract

July 3rd, 2024 at 4:24pm CST by Luke Adams

The Celtics have re-signed forward Drew Peterson to a two-way contract, per NBA.com’s transaction log.

Peterson, 24, went undrafted in 2023 after spending two seasons at Rice and three at USC. He signed an Exhibit 10 contract with Miami and began the season in the fall with the Sioux Falls Skyforce, the Heat’s G League affiliate, before signing a two-way deal with Boston in December.

Although Peterson remained under contract with the Celtics for the rest of the season, he appeared in just three games at the NBA level, spending most of the year in Maine with Boston’s NBAGL team. In 51 total games for Sioux Falls and Maine, he averaged 15.5 points, 6.6 rebounds, and 5.1 assists in 34.3 minutes per contest, posting a shooting line of .474/.373/.836.

Peterson was among the players to receive a two-way qualifying offer ahead of Saturday’s deadline, making him a restricted free agent. He likely simply accepted that qualifying offer – equivalent to another one-year, two-way contract – rather than negotiating a new deal.

With Peterson back on the roster, the Celtics are poised to bring back at least 14 of the 17 players who finished the season on the 18-man roster. Only Oshae Brissett, Svi Mykhailiuk, and JD Davison are unsigned.

Celtics Sign Xavier Tillman To Two-Year Deal

July 2nd, 2024 at 7:08pm CST by Luke Adams

7:08pm: Tillman has officially re-signed with the Celtics, the club confirmed in a press release.

“When we got Xavier at the trade deadline, he came with the reputation of a winner and great teammate,” president of basketball operations Brad Stevens said in a statement. “Xavier is a hard worker who brings grit, toughness, and a team-first mentality that we appreciate. We are excited that Xavier has chosen to come back to the Celtics.”

4:04pm: Another free agent center is returning to Boston, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that Xavier Tillman has agreed to a two-year deal with the Celtics. It’ll be a fully guaranteed minimum-salary contract, per Adam Himmelsbach of The Boston Globe (Twitter links).

Tillman is the third Celtics free agent big man to reach a contract agreement with the team since the start of free agency, joining teammates Luke Kornet and Neemias Queta. Thirteen of the 15 players who finished the 2023/24 season on the Celtics’ standard roster now appear poised to return for ’24/25, with only Svi Mykhailiuk and Oshae Brissett unsigned.

Tillman spent his first three-and-a-half seasons in Memphis before being sent to the Celtics at February’s trade deadline. The 25-year-old didn’t see a ton of action down the stretch in Boston, averaging 4.0 points, 2.7 rebounds, and 1.0 assist in 13.7 minutes per contest across 20 regular season appearances. He then logged just 69 total playoff minutes during the team’s title run.

Still, Tillman is a solid interior defender showed in Memphis that he was capable of playing a slightly larger role than the one he had in Boston.

While the Celtics will have no shortage of frontcourt options with Kornet and Queta also returning, Kristaps Porzingis is expected to miss at least the first month or two of the season while recovering from leg surgery and the team won’t want to lean too heavily on Al Horford, so there will be minutes available.

Luke Kornet Re-Signs With Celtics

July 2nd, 2024 at 7:06pm CST by Arthur Hill

JULY 2: The Celtics have re-signed Kornet, the team announced in a press release. Since free agent contracts worth more than the minimum can’t be finalized during the July moratorium, this is official confirmation that Kornet’s deal is a minimum-salary contract.

“Luke has been an integral part of our team over the past few years,” president of basketball operations Brad Stevens said in a statement. “He is the ultimate teammate and his attitude and spirit have a contagious effect on our team. On the court, Luke had his best season as a Celtic and played a big role in helping us win. We are excited about the impact he’ll have moving forward.”

JUNE 30: The Celtics have reached an agreement with Luke Kornet on a one-year contract, according to ESPN’s Adrian Wojnarowski (Twitter link).

Terms of the deal weren’t released, but given Boston’s financial restrictions, it’s almost certainly another veteran’s minimum contract. With seven years of NBA experience, Kornet is projected to make $2.8MM next season.

The 28-year-old center has played an important role off the Celtics’ bench over the past two seasons and saw regular rotation minutes throughout this year’s championship run. He appeared in 63 games during the regular season, making seven starts and averaging 5.3 points and 4.1 rebounds in 15.6 minutes per night.

Re-signing Kornet became a bigger priority after the announcement that Kristaps Porzingis will be sidelined five-to-six months after surgery, which means he’ll miss the start of next season. The team doesn’t want to overwork 38-year-old center Al Horford, so it needs productive big men off its bench.

Kornet began his NBA career with New York in 2017 and spent time with Chicago, Cleveland and Milwaukee before coming to Boston. He will be an unrestricted free agent again next summer.

Kemba Walker Announces Retirement

July 2nd, 2024 at 1:54pm CST by Luke Adams

Veteran NBA guard Kemba Walker announced today (via Instagram) that he has decided to retire as a professional basketball player.

“I want to start this by thanking God for everything he has given me. Basketball has done more for me than I could’ve ever imagined, and I am super thankful for the amazing journey I’ve had,” Walker said in his announcement. “With that, I’m here to share that I am officially retiring from the game of basketball. This has all been a dream. When I look back, I still can’t believe the things I achieved in my career.

“… Basketball will forever be a part of my life so this isn’t goodbye,” he added. “I’m excited for what’s next.”

The ninth overall pick in the 2011 draft, Walker became the Hornets‘ full-time starting point guard in his second NBA season and maintained that role through the 2018/19 campaign, earning three All-Star berths and averaging 19.8 points, 5.5 assists, and 3.8 rebounds in 34.1 minutes per game across 605 total regular season games during his time in Charlotte.

Walker left the Hornets for the Celtics during the 2019 offseason and made another All-Star game during his first year in Boston. However, knee issues slowed him down well before the expiration of his four-year, maximum-salary contract with the Celtics. He was traded during the 2021 offseason to the Thunder, who bought him out.

Walker subsequently appeared in 37 games with his hometown Knicks in 2021/22 and nine contests with the Mavericks in ’22/23 before playing for AS Monaco in the EuroLeague in his final professional season in ’23/24.

Walker still holds numerous franchise records in Charlotte. He’s the franchise’s all-time leading scorer with over 12,000 points and has more made three-pointers (1,283) than any other player in team history.

The 34-year-old also won an NCAA title with UConn in 2011 and made an All-NBA third team during his last year as a Hornet in 2019.

Celtics Re-Sign Neemias Queta To Three-Year Deal

July 2nd, 2024 at 11:22am CST by Dana Gauruder

JULY 6: The Celtics have officially re-signed Queta, according to a press release from the team.

JULY 2: Queta’s deal will be for three years, according to Keith Smith of Spotrac, who tweets that the Celtics are using the center’s Non-Bird rights to give him a deal longer than what the minimum salary exception allows.

JUNE 30: The defending champion Celtics continued to pursue roster stability, reaching a multiyear agreement with big man Neemias Queta, Shams Charania of The Athletic tweets.

Boston made Queta a restricted free agent on Saturday by extending a qualifying offer of approximately $2.37MM. That came after the club declined its team option on his contract.

Queta averaged a career highs of 5.5 points and 4.4 rebounds and 0.8 blocks per night with the Celtics across 28 contests, earning a promotion from his two-way contract to the 15-man roster.

He was not part of the club’s rotation during its title run, appearing for cameos in just three contests.

The Celtics also reached a one-year agreement with another of their backup big men, Luke Kornet. That depth should come in handy with starter Kristaps Porzingis sidelined 5-6 months after undergoing left leg surgery.

Atlantic Notes: Hartenstein, Pagliuca, George, Nets Rebuild

July 1st, 2024 at 9:24pm CST by Dana Gauruder

Money talks and that’s one big reason why Isaiah Hartenstein walked away from the Knicks in free agency. It was a difficult decision for Hartenstein, Stefan Bondy of the New York Post writes, because he wanted to stay in New York.

But as a player who had earned approximately $23MM so far in his NBA career, Hartenstein couldn’t pass up on the Thunder‘s three-year, $87MM offer, which will pay him about $30MM in year one, especially given the more favorable cost of living in Oklahoma City, Bondy writes. The Knicks held the center’s Early Bird rights, limiting them to a four-year, $72.5MM offer.

We have more from the Atlantic Division:

Celtics co-owner Steve Pagliuca suggested in a statement relayed by Adam Himmelsbach of the Boston Globe (Twitter link) that he’s not looking to divest from the team. Earlier on Monday, it was made public that the team’s majority ownership group, led by Wyc Grousbeck, intended to put the franchise up for sale. Pagliuca’s statement reads in part, “Being a co-investor and managing partner of the Celtics has been a great honor and a labor of love. I hope to be a part of the Celtics moving forward and will be a proud participant in the bidding process that has been announced today.”
The Sixers had little choice but to pursue Paul George on the free agent market in order to keep up with the Eastern Conference contenders, Sam Amick of The Athletic opines. It was the best move available on the board, according to Amick, and keeps them alive in the chase for next year’s conference title.
The Nets must choose among two paths in their rebuild, according to Brian Lewis of the New York Post. They could make up to four first-round picks in a loaded 2025 draft and spend $80MM in free agency in an effort to accelerate the process or they could take a longer route. In that scenario, they could trade Ben Simmons, Bojan Bogdanovic and Dennis Schröder — players that come off the cap next summer — this offseason for unwanted multiyear contracts and more picks.

Celtics’ Ownership Group To Put Team Up For Sale

July 1st, 2024 at 12:37pm CST by Rory Maher

12:37pm: The Celtics confirmed in a press release that the majority ownership group plans to sell of its shares in the team (Twitter link via Chris Forsberg of NBC Sports Boston).

“The controlling family of the ownership group, after considerable thought and internal discussion, has decided to sell the team for estate and family planning considerations. The managing board of the ownership group expects to sell a majority interest in 2024 or early 2025, with the balance closing in 2028, and expects Wyc Grousbeck to remain as the Governor of the team until the second closing in 2028.”

12:13pm: On the heels of their record-setting 18th NBA championship, the Celtics will be hitting the market, according to ESPN’s Adrian Wojnarowski of ESPN (Twitter link). Sources tell Wojnarowski that the team’s majority ownership group, led by Wyc Grousbeck, intends to make the franchise available for sale.

Grousbeck has been the team’s Governor since his Boston Basketball Partners group purchased the Celtics for $360MM back in 2002. Boston has won two NBA titles under his stewardship, in 2008 and just a few weeks ago.

A source tells Adam Himmelsbach of The Boston Globe that while Grousbeck is selling his stake in the Celtics, other minority shareholders are expected to remain invested in the team (Twitter link).

As ESPN’s Bobby Marks tweets, the Celtics could be the most expensive team in NBA history in 2025/26, when a potential super-max extension for Jayson Tatum kicks in. Grousbeck will be looking to sell his stake just as severe roster-building restrictions are implemented in the new CBA.

As of December, Sportico had the Celtics ranked as the fourth-most valuable franchise in the NBA, with a valuation of $5.12 billion. That figure seems likely to have risen in the past eight months, given the team’s on-court success.

Grousbeck, 63, is a Massachusetts native who has built his wealth through various investments over the past few decades. His father, Irving, is a billionaire who co-founded Continental Cablevision.