Aditya Mittal Joining Celtics’ New Ownership Group
Aditya Mittal is expected to be the second-largest stakeholder of the Celtics once the sale of the team to William Chisholm‘s group is completed, according to Scott Soshnick, Kurt Badenhausen, and Eben Novy-Williams of Sportico, who say Mittal could also become the team’s alternate governor in the future.
Mittal, the CEO of the steel giant ArcelorMittal and a member of one of India’s richest families, is investing roughly $1 billion in the Celtics, per Sportico.
Chisholm reached an agreement in March with the current Celtics ownership group to buy the team in two stages — his group is expected to assume 51% control of the organization this year and then buy out the remaining shares in 2028, with current governor Wyc Grousbeck remaining in that position for a few more years.
However, reporting in the wake of that agreement indicated that Chisholm’s bid – which initially valued the franchise at $6.1 billion (the valuation will reportedly increase to $7.3 billion for the second part of the sale) – was not yet fully financed. Subsequent reports have suggested that Chisholm’s bid is now fully financed and the sale is expected to close in the near future. Mittal’s investment helped close the funding gap, according to Sportico.
As Soshnick, Badenhausen, and Novy-Williams outline, Mittal is the son of Lakshmi Mittal, a Goldman Sachs board member since 2008 who is worth $23.9 billion, per Bloomberg. Goldman Sachs has served as the financial advisor for Chisholm’s group during the sale process.
In addition to Chisholm and Mittal, the new Celtics ownership group will include current minority stakeholder Robert Hale, Bruce A. Beal Jr., and private equity firm Sixth Street, as previously reported.
According to Sportico, Sixth Street is expected to own roughly 12.5% of the team once the sale is finalized. Earlier in the process, there were concerns about Sixth Street having committed more money to the bid than Chisholm, which wouldn’t be permitted, but that will no longer be the case once the deal is finalized. The majority stakeholder in an NBA franchise – Chisholm, in this case – must control at least 15% of the team.
Shai Gilgeous-Alexander Named 2024/25 MVP
Thunder guard Shai Gilgeous-Alexander has been named the NBA’s Most Valuable Player for the 2024/25 season, the league announced on Wednesday (Twitter link). Shams Charania of ESPN (Twitter link) first reported the news.
Gilgeous-Alexander and Nuggets center Nikola Jokic were the frontrunners for the award virtually all season, with Bucks forward Giannis Antetokounmpo as the other finalist. While Jokic has three MVP awards and Antetokounmpo has won twice, this is a first for SGA, who was the runner-up to Jokic last year.
Gilgeous-Alexander led the NBA in scoring at 32.7 points per game as part of an overall excellent year. In 76 contests, he also averaged 6.4 assists, 5.0 rebounds, 1.7 steals and 1.0 block while shooting 51.9% from the field. Tim MacMahon of ESPN notes that the only other player to post similar numbers in a season was Michael Jordan, who did it while capturing MVP honors in 1987/88 and 1990/91.
On top of his individual brilliance, Gilgeous-Alexander likely won over some voters by leading Oklahoma City to the best record in the league at 68-14. MacMahon states that it’s the 10th time that a player has led the league in scoring for a team with at least 60 wins.
Gilgeous-Alexander won the award by a comfortable margin by earning 71 of 100 possible first-place votes and placing second on the other 29 ballots. However, Jokic made it a competitive race by claiming the remaining 29 first-place votes and earning the No. 2 spot from the other 71 voters. The Nuggets star turned in one of the most prolific seasons of his career, averaging a triple-double with 29.6 points, 12.7 rebounds and 10.2 assists in 70 games.
Jokic helped the Nuggets secure the fourth seed in the West, but they won 18 fewer games than the Thunder and were eliminated by OKC in a seven-game second-round series.
Antetokounmpo was outstanding again for a 48-win Bucks team, posting 30.4 points, 11.9 rebounds and 6.5 assists in 67 games, but he was considered a long shot to win the award. He claimed 88 third-place votes and showed up on all 100 ballots.
Celtics forward Jayson Tatum and Cavaliers guard Donovan Mitchell rounded out the top five, with Tatum earning 84 fourth-place votes and Mitchell coming in fifth on 60 ballots. Seven other players earned at least one fourth- or fifth-place vote: LeBron James, Cade Cunningham, Anthony Edwards, Stephen Curry, Jalen Brunson, James Harden, and Evan Mobley. The full voting results can be found here.
Gilgeous-Alexander is the third player in Thunder history to capture MVP honors, joining Kevin Durant in 2014 and Russell Westbrook in 2017.
As MacMahon notes, Gilgeous-Alexander has been an All-NBA selection the past two seasons, so he already met the qualifications for a historic four-year, $294MM extension this summer. The $73.3MM annual value would be the largest in NBA history.
The MVP award will make him eligible for a five-year, $380MM extension if he waits until 2026, according to Bobby Marks of ESPN (Twitter link).
NBA Announces 2024/25 All-Rookie Teams
The NBA has officially revealed its All-Rookie teams for the 2024/25 season (Twitter links). The First Team is made up the top two picks in the 2024 draft, a pair of Grizzlies, and this season’s Rookie of the Year, while the Second Team is heavy on centers.
A panel of 100 media members selected the All-Rookie teams, with players earning two points for a First Team vote and one point for a Second Team nod. The 10 players who made the cut, along with their corresponding point totals (Twitter link), are as follows:
First Team
Stephon Castle, Spurs (200 points)- Zaccharie Risacher, Hawks (199)
- Jaylen Wells, Grizzlies (195)
- Zach Edey, Grizzlies (173)
- Alex Sarr, Wizards (150)
Second Team
- Kel’el Ware, Heat (138)
- Matas Buzelis, Bulls (97)
- Yves Missi, Pelicans (90)
- Donovan Clingan, Trail Blazers (73)
- Bub Carrington, Wizards (53)
There are no real surprises on the First Team. Castle was the recipient of this season’s Rookie of the Year and was also the only player to be unanimously selected to the First Team, but fellow Rookie of the Year finalists Risacher and Wells weren’t far behind him. Edey and Sarr played significant roles for their respective teams and also finished in the top five in Rookie of the Year voting.
Among the members of the Second Team, Ware and Buzelis finished sixth and seventh in Rookie of the Year voting, while Missi, Clingan, and Carrington became starters for their respective teams in their first NBA seasons.
Carrington just narrowly edged out Jazz guard Isaiah Collier, who received one First Team vote and 50 Second Team votes for a total of 52 points. Carrington technically showed up on fewer overall ballots, but gained the slight edge because he was selected to the First Team by three voters (he was named to the Second Team by 47).
A total of 23 players showed up on at least one voter’s ballot, with Jazz forward/center Kyle Filipowski, Pistons forward Ron Holland, Lakers forward Dalton Knecht, and Suns wing Ryan Dunn rounding out the top 15 vote-getters — they, along with Collier, would’ve made up a hypothetical All-Rookie Third Team if the league recognized 15 players like it does for All-NBA.
All-Rookie is one of the few awards that doesn’t require players to meet the 65-game minimum and certain minutes-played thresholds. Risacher, Edey, Ware, Buzelis, and Clingan each would have been ineligible for consideration if that rule applied to All-Rookie voting.
Stevens: More Time Required To Determine Offseason Plans
Celtics president of basketball operations Brad Stevens didn’t provide any clarity during his postseason press conference on his approach to a challenging offseason. Stevens said that the organization remains driven to compete for championships but there are other factors that must be considered.
“I know there will be a lot of questions about what’s next,” Stevens said, per Brian Robb of MassLive.com. “I’ll talk probably more about that at the draft time when we have a better idea after meeting with all the key stakeholders and everybody else about what next steps might be. At the end of the day, I think that will all be driven by the same thing that’s always driven us and that is how do we get ourselves in the mix to compete for championships best.”
Numerous players were signed to extensions last offseason after the Celtics won the championship. The cost of carrying those players will rise exponentially — their payroll for next season is projected to be around $225MM, with repeater tax penalties totaling approximately $280MM.
This comes at a time when majority ownership is due to change hands. The new ownership group, led by William Chisholm, is expected to be approved by the NBA’s Board of Governors next month, according to Robb. It’s unknown whether the new owners are willing to take on that kind of penalty.
“The CBA has been well-known for years,” Stevens said. “So there are penalties associated with being at certain levels, and we know that. You just weigh that. You weigh where we are. You weigh everything else then you make those decisions. You have to have the clarity of a full season and a full playoffs and, like I said, a couple good night’s sleep. Then everybody gets in a room and put your heads together and figure out what’s next.”
Another major factor in the Celtics’ offseason approach will be the likely season-long absence of star forward Jayson Tatum, who tore his Achilles during their second-round series. It was later revealed that Jaylen Brown played with partially torn meniscus in his right knee, while Kristaps Porzingis continued to battle a lingering illness. Stevens wouldn’t blame the series loss to the Knicks on those setbacks.
“The reality is we blew the first two games and that’s why we put ourselves in a tough spot. … That’s not on any one person,” Stevens said, per The Associated Press. “It’s not out of maliciousness. It’s not out of a bad decision. It’s not bad luck. It’s we had an opportunity to win those first two home games and we put ourselves behind the eight ball.”
Brown’s knee issues cropped up in March, Stevens said. However, the knee injury wasn’t severe enough to keep him off the court, as Robb relays.
“Jaylen wants to play, Jaylen’s a warrior, Jaylen takes great pride in being out there,” Stevens said. “And at the same time, he saw obviously our team docs and a couple of other people and as he even said a couple weeks ago, the knee’s in a good place structurally. And so I think he felt comfortable getting out there and going after it. And hopefully he’ll feel better after being off it for a couple weeks here. The unfortunate part is we’re done in the middle of May, but some of these guys who have some nicks, bruises and other things that it’ll be good to get some rest.”
Porzingis’ illness was described to Stevens as “post-viral syndrome,” The Athletic’s Jay King tweets. Stevens believes Porzingis’ health issues will be “well cleared up” by the time he plays for Latvia in EuroBasket this summer.
Nicolas Batum Likely To Retire After Next Season
Nicolas Batum anticipates that next season will the final one of his lengthy NBA career, Eurohoops.net relays.
Batum believes he’ll hang it up after finishing out his contract with the Clippers. Batum holds a $4.9MM option on his 2025/26 contract, which he must exercise by June 29.
“There’s a very, very good chance that the next season will be my last,” Batum said in an interview with BeinSports.
Batum remains a productive rotation player, appearing in 78 games this season, including eight starts. Batum posted averages of 4.0 points, 2.8 rebounds and 1.1 assists in 17.5 minutes per game but he only attempted 3.1 shots per game, mostly beyond the three-point arc. He drained 43.3% of his long-range shots.
Batum, 36, has played in the NBA since the 2008/09 season, beginning his career with Portland. He also played five seasons in Charlotte and spent the majority of the 2023/24 campaign with Philadelphia. Otherwise, he has been with the Clippers since 2o2o. He returned to the organization on a two-year deal in July.
President of basketball operations Lawrence Frank said during his postseason press conference that he hopes Batum opts in for next season. “Yes, 1,000 percent, we hope that Nico comes back,” he said.
Cavaliers’ Koby Altman On Roster: ‘I Love Our Foundation’
The Cavaliers had the second-best regular season in franchise history in 2024/25, winning 64 games en route to the No. 1 seed in the East. But injuries — including a toe sprain to Darius Garland — limited the team to some extent in the postseason, and Cleveland lost its second-round series against Indiana in five games.
At his end-of-season media session on Monday, president of basketball operations Koby Altman said that while the Cavaliers were frustrated by their playoff showing, there’s still an “internal belief” that the current roster — particularly the “core four” of Garland, Donovan Mitchell, Evan Mobley and Jarrett Allen — has an opportunity to contend for championships going forward, per Chris Fedor of Cleveland.com.
“Obviously, we feel it. It’s raw for us. We’re disappointed how it ended. But it was a remarkable year on so many fronts and you guys were all invested in this. We’re not going to go anywhere. We’re going to keep fighting for that championship and this window is wide open, we believe.”
Here are a few more highlights from Altman’s presser, courtesy of Fedor.
On his confidence in the roster:
“I love our foundation. I love our core. Our starting lineup, the average age is 26.8. We have two All-Stars that are 25 (Garland) and 23 (Mobley), respectively, and they’re going through it, they’re going through these experiences, they’re going through these battles and we’re sustainable in a lot of ways, not just because guys are under contract, but our youth.
“Our belief in this group in a lot of ways, there’s a newness to this group as well in terms of our new head coach that’s been with us for one year. Us figuring out our offensive identity happened this year and so I’m really high on and optimistic about our future. That being said, it can’t just be 82 games. We have to figure out this next 16, we have to figure out how to get over the hump. But this group has shown they can play some of the best basketball in the world. It’s how do we do it on the highest stage and continue to keep pushing to get over that hump?”
On not overreacting to the playoff loss:
“If we were going to be reactionary, it would have been last year after everything that was written about that group, and all the rumors and all this and that and we stood pat and look what happened, right? I think the same thing now as you lean in even more to what we’re building, the culture that we have here, the internal growth, the youth, the sustainability of that.
“I think there’s a championship window that we have here that’s wide open and that’s one that we’re going to try to pursue next year and the year after and the year after and so forth. We’re not done by any stretch. But I would say if there was a time that we were going to crumble it potentially would’ve been last year, certainly not after what we’ve seen from this group this year is something where were we are going to break up a group that’s been together for three years and has accomplished what they’ve accomplished and is ready to take that next step. As disappointing as this ending was.”
On potentially re-signing backup guard Ty Jerome, who finished third in Sixth Man of the Year voting:
“Love to keep him. I mean, listen, we’re hopeful. I would say that I got to be careful ‘cause he’s going to be an unrestricted free agent, and he is ours, so we can talk about Ty in that vein. Part of (head coach Kenny Atkinson‘s) system, which is, again, we’re always going to be rooted in player development, which is great. And so when guys find that confidence in this system, their value gets driven up. Same thing with Sam Merrill. You want to call these guys end-of-bench players before that have become real rotational players and valuable within the ecosystem, not just us.
“I think the good news is those guys are going to be, they’re going to do really well for themselves. And the good news also is that we know because of our program, we’re going to be able to continue to develop our end-of-bench guys to become rotational guys. That’s going to be part of our evolution and also how we navigate some stiff penalty taxes. We have to continue to develop from within. And those two stories are incredible success stories from the development programs and putting them in a position to be successful. And so, yes, we’d love to keep Ty, but we’ll see what the marketplace holds.”
Altman said owner Dan Gilbert has given the front office “no restrictions in terms of going into the tax.” He added that Cleveland was willing to be a taxpayer and will operate over the second apron “if we need to go there” — the Cavs project to be over the second apron in 2025/26.
Altman also discussed how the Cavaliers can improve their individual and collective mental toughness, Gilbert’s “support” and “positivity,” why they’re likely to “run it back,” and defended Allen from the criticism he has faced for his poor showing at the end of the Pacers series.
Adelman Considered Strong Candidate To Remain Nuggets’ Head Coach
In the aftermath of the Nuggets’ blowout loss to the Thunder in Game 7 on Sunday, one of their core players made it clear he wants David Adelman to return as head coach.
“I love DA,” forward Aaron Gordon said, per Tim MacMahon of ESPN. “I hope he’s here next year. I hope he’s our next coach. I hope he gets an entire training camp and a whole offseason to figure out his philosophy. DA’s great. He was excellent for us, and I hope that he’s here next year.”
Adelman was elevated from his assistant coaching job with three games remaining in the season after Michael Malone was fired, along with general manager Calvin Booth, by the team’s ownership. Malone and Booth had a strained relationship due to differences in opinion over the team’s personnel and Malone’s rotation decisions.
Adelman is considered a strong candidate to have the interim tag removed, MacMahon reports. However, team governor Josh Kroenke declined to directly address the head coaching job.
The team’s superstar, Nikola Jokic, indicated that Adelman did an admirable job under trying circumstances.
“You had three games to change something,” Jokic said. “I think he changed energy. I think the guys were woken up a little. Guys had more energy. He made us believe something, and we played good. We played a seven-game series against the best team in the NBA. We had opportunity, we had chances. I think he did a really good job.”
Guard Jamal Murray told the Denver Post’s Bennett Durando that “I think (Adelman) did a great job” noting “the different schemes that we came up with.”
Adelman, who was an assistant with Minnesota and Orlando prior to be hired by Denver in 2017, wouldn’t lobby for the job after team’s 125-93 loss.
“Decision-makers will make that decision,” he said. “Obviously blessed to have this opportunity to take the helm and lead this team. If I’m not back next year, I’ll obviously never forget this. It’s been an incredible experience. To have the buy-in from the guys was really special for me.”
Suns Narrow Down Coaching Search To Nine Candidates
2:06 pm: Heat assistant Chris Quinn has also moved onto the second stage of Phoenix’s coaching search, reports Jake Fischer of The Stein Line (Twitter link).
1:17 pm: The Suns appear to be narrowing down their search for their fourth head coach in as many seasons.
According to veteran NBA insider Chris Haynes (YouTube video link), new Phoenix general manager Brian Gregory has selected eight candidates to advance to the second round of the process. Previous reporting indicated that the Suns had initial conversations with between 15 and 20 candidates.
As Haynes details, that eight-man group consists of Mavericks assistant Sean Sweeney, Suns assistant David Fizdale, Pelicans assistant James Borrego, Cavaliers assistants Johnnie Bryant and Jordan Ott, Nets assistant Steve Hetzel, Timberwolves assistant Micah Nori, and Thunder assistant Dave Bliss.
Among these eight finalists, only Fizdale and Borrego have prior head coaching experience on their resumes.
As Haynes notes, Fizdale previously turned down a head coaching offer from former Suns owner, Robert Sarver, instead accepting an ill-fated gig as the head coach of the Knicks, which lasted just over a year. All told, Fizdale has a cumulative 71-134 regular season record during his stints with the Grizzlies and Knicks. He led Memphis to one playoff berth during his debut season as the team’s head coach.
Borrego was the interim head coach in Orlando for the end of the 2014/15 season, and served as the head coach with Charlotte from 2018-22. He boasts a 148-183 overall regular season record and has yet to lead a team to the playoffs.
Reports earlier this spring indicated that Phoenix would likely be targeting a younger head coach following brief stints with Frank Vogel and Mike Budenholzer at the helm. As Haynes observes, this group of names is consistent with that aim — 51-year-old Nori and 50-year-old Fizdale are the oldest of the eight candidates, most of whom are in their 30s and early 40s.
The Suns brass is hoping their next coach can “build a program from scratch,” according to Haynes, who says the team is emphasizing discipline, accountability, and a philosophical alignment with majority owner Mat Ishbia and the front office. Phoenix is also prioritizing coaching candidates with defensive backgrounds.
A coach who can effectively work with star players is another important consideration, even if the Suns ultimately move on from Kevin Durant, Bradley Beal, and/or even Devin Booker in the near future. According to Haynes, the head coaching decision may have an impact on how the team moves forward with its stars, since it’s possible Budenholzer’s replacement will have a preexisting relationship with one or more of those players or will hit it off quickly with them.
The expectation is that the Suns will eventually reduce their coaching candidate pool from eight candidates to three finalists, reports Marc Stein of The Stein Line (Substack link).
Giannis Antetokounmpo To Meet With Bucks Next Week
A meeting has been set up between Giannis Antetokounmpo and Bucks management that could affect the future of the franchise and possibly set off one of the hottest NBA trade sweepstakes in years. According to veteran reporter Chris Haynes (Twitter video link), Bucks officials contacted Antetokounmpo and his representatives Saturday morning, and the parties will get together “mid next week.”
It’s an event that could have huge ramifications across the NBA landscape if the team isn’t able to convince Antetokounmpo that he can compete for more championships in Milwaukee. There has been speculation for weeks that the two-time MVP might ask for a trade, and a report on Monday indicated that he has become open-minded about pursuing opportunities elsewhere.
The Bucks’ challenge of convincing Antetokounmpo that they can field a title-worthy team around him became more difficult after they were ousted in the first round for the third consecutive year and Damian Lillard was lost with a torn left Achilles.
The injury may keep Lillard out of action for all of next season, but his $54.1MM salary will remain on the books and he holds a $58.5MM player option for 2026/27, making it difficult for the front office to acquire any more high-priced talent.
Rumors have been flying about Antetokounmpo’s potential next destination, with a report this week suggesting the Rockets and Spurs are in position to make the best offers for the two-time MVP. That came out before San Antonio moved up to second in Monday night’s draft lottery, creating another valuable trade chip that could be included in any offer. Houston is also awash in young talent and draft assets and may be willing to include All-Star center Alperen Sengun as part of a package to Milwaukee.
The Nets, Heat and Hawks have also been mentioned as possible suitors, while the Pelicans could get involved either directly or as a third team to facilitate a deal because they have the ability to swap picks with Milwaukee in both 2026 and 2027 (top-four protected).
The Thunder are another team with a large collection of draft assets, and they could be motivated to make a play for Antetokounmpo if they fall short of a title after winning 68 games this season.
Antetokounmpo developed into one of the greatest players in franchise history after being selected with the 15th pick in the 2013 draft. He was the cornerstone of the 2021 team that brought Milwaukee its first NBA title in 50 years, but that group has largely been broken up with Jrue Holiday and Khris Middleton already being traded away.
Anyone who trades for Antetokounmpo would be getting an all-time great who’s still in his prime without having to worry about re-signing him right away. At age 30, he’s a finalist for MVP honors this year after averaging 30.4 points, 11.9 rebounds and 6.5 assists in 67 games and shooting 60.1% from the field. He’s under contract for $54.1MM next season and $58.5MM in 2026/27 while possessing a $62.8MM player option for 2027/28.
Al Horford Will Take Time To Decide On NBA Future
Major roster changes are expected for the Celtics this summer, and speculation has already started about whether those changes will include Al Horford‘s retirement, writes Jay King of The Athletic.
Horford, who will turn 39 next month, is headed for free agency after the expiration of the two-year contract he signed in 2023. He has been a fixture with the organization since returning in 2021 and played an important role with last year’s championship team, but he hasn’t decided if he wants to continue his NBA career.
“I’m going to take some time here with my wife and my kids and just (do) that,” Horford said at Saturday’s exit interviews. “It has not even been a day (since Boston’s playoff run ended), so there’s still a lot for me to process and just feeling everything out from last night, that was difficult.”
King notes that Horford has previously said he plans to keep playing as long as he feels good physically and can continue to contribute. A report last week from ESPN’s Brian Windhorst said Horford wasn’t ready to retire and was hoping for a new contract with the Celtics, but the veteran center sounded less certain after Friday’s Game 6 loss at New York.
“I’m just not ready to talk about that right now,” he told reporters. “I just need some time with my wife and my family, and that’s what I plan on doing these next few weeks.”
There were already rumors that Boston was planning to trim salary this summer to reduce its tax bill, and that strategy became more likely with the loss of Jayson Tatum to a torn Achilles that could sideline him for all of next season. The organization projects to be well over the second apron and is facing record-breaking tax penalties if the current roster remains together.
The Celtics have made a few concessions to Horford’s age, like not using him in both ends of back-to-backs, but he remains a vital part of the team’s success. He appeared in 60 games this season, starting 42 and averaging 9.0 points and 6.2 rebounds in 27.7 minutes per night. He also fits in with the team’s three-point philosophy by shooting 36.3% from beyond the arc.
Horford made $9.5MM this year, so it shouldn’t be expensive to bring him back if he decides to continue playing.
King adds that Horford has also been a tremendous locker room leader, with players such as Luke Kornet and Sam Hauser raving about his influence.
“He’s one of the best teammates I’ve ever had at any single level,” Hauser said. “What I learned from him the most was just being routined and being efficient with your time. In my first two years, I watched him from afar a lot. And I don’t even know if he knows this, but I took a lot of mental notes about how he operated on a day-to-day basis.
“He’s got five kids at home, he’s gotta be really efficient when he’s here, but he’s always in early getting his pre-court in and getting his rehab in, getting his treatment in, getting his shots up, doing whatever it takes to be prepared on the court but then also knowing he’s gotta be a father at home too for five kids. Now, having a kid, just one, I mean, it’s a lot.
“We would love to have him back, but I’m sure he’s going to take his time and do what’s right for him. Whatever he decides, that’s the right decision.”