William Chisholm Finalizes New Celtics Ownership Group
Impending Celtics owner William Chisholm has finalized his new ownership group and has obtained the necessary funds to purchase the team, according to a letter sent to existing shareholders that was obtained by Adam Himmselsbach of The Boston Globe.
The letter confirms much of what was reported a couple weeks ago by Front Office Sports, including that Chisholm had secured enough capital to complete the sale; the buyers will acquire approximately 51% of the franchise this summer at a valuation of $6.1 billion in the first of two transactions; the second transaction will occur in 2028 at a $7.3 billion valuation; and current owner Wyc Grousbeck will continue as CEO and governor through the 2027/28 season.
As Himmelsbach notes, the sale will not become official until it’s approved by the NBA’s Board of Governors in June or July, though that’s viewed as a formality. Chisholm’s exact stake has yet to be clarified, Himmelsbach adds, but he’s required to control at least 15% to be the majority owner.
Chisholm’s winning bid for the Celtics was not fully financed at the time the agreement was reached in March, but obviously that has changed over the past couple months. That also isn’t unusual for such a massive transaction, Himmelsbach writes.
According to the letter, current minority owners who are not joining Chisholm’s group will be required to sell 50% “plus one unit” of their interest in the Celtics while deferring the rest until the second transaction in 2028. They also have the option of selling their all of their shares this summer, according to Himmselbach, who reports that those stakeholders have until May 28 to inform Chisholm’s group of their decision.
Hoops Rumors Chat Transcript: 5/15/2025
Hoops Rumors hosted a live chat today at 1:00 pm Central time (2:00 pm Eastern).
And-Ones: East/West, Stephenson, East Finals, World Cup
The stunning events that occurred on Monday, namely Dallas and San Antonio moving up to No. 1 and No. 2 in the draft lottery and Celtics star Jayson Tatum tearing his Achilles tendon, will reverberate through the NBA for years to come. As Tim Bontemps of ESPN writes, there was already a significant divide in star power between the Western Conference and the Eastern Conference — now there could be a “chasm.”
“The West just keeps getting richer,” one league executive told Bontemps. “How come everybody keeps going to the West? For the veteran players, you could say it’s better weather, going to California, better organizations. But they’ve also just gotten really lucky.
“It seems like every time there’s one of these generational talents — Victor (Wembanyama), Zion (Williamson), Anthony Davis — they just end up in the West. It’s just bad luck … it is what it is.”
Aside from Indiana, New York and Cleveland, Tatum’s injury means there are suddenly major question marks in the East, which could make teams more aggressive on the trade market. There’s a possibility that Giannis Antetokounmpo could be traded to the West as well.
“Cooper Flagg is going to the West for the next 10 years, Giannis could be headed West, Tatum is out of the mix for a year and the Celtics likely are, too,” a scout said. “Good for East teams who are trying to make the Finals.”
We have more odds and ends from around the basketball world:
- Former NBA swingman Lance Stephenson is signing a contract to play in the BIG3 for the 3×3 league’s upcoming season, reports NBA insider Chris Haynes (Twitter link). Stephenson, who played for eight NBA teams across 10 seasons from 2010-22, spent most of his professional career in Indiana. He last played in the G League for the Iowa Wolves in 2023/24.
- While the Pacers don’t yet know which team they’ll be facing, the Eastern Conference Finals schedule has been announced (Twitter link via Michael Preston). The series will begin on May 21, with games played every other day until a potential Game 7 on June 2.
- FIBA has announced the draw for the 2027 World Cup qualifiers, officially confirming the groups for the Africa, Americas, Asian, and European events. Team USA will be in group A of the Americas qualifiers, alongside the Dominican Republic, Nicaragua, and a to-be-determined fourth team that makes it through the pre-qualifiers.
- FIBA is looking to engage the NCAA about a possible letter of clearance system for international players who want to leave their teams for a college program, per Jonathan Givony of ESPN (Twitter links). As Givony points out, international teams already have the ability to block a player from leaving if he’s under contract, so it’s unclear why the NCAA would agree to a change that would give European teams more leeway to prevent a young prospect from moving stateside.
Rory Maher contributed to this post.
Northwest Notes: Wolves, Dort, Blazers, Jazz, Uzan
After being eliminated in the Western Conference Finals in the spring of 2024, Anthony Edwards vowed the Timberwolves would be “back next year,” writes Jon Krawczynski of The Athletic.
That looked like a long shot for much of the season as Minnesota spent most of 2024/25 hovering around the seventh or eighth spot in the West. But the Wolves moved up to sixth on the last day of the regular season, dispatched the Lakers in round one, and – with Wednesday’s win over Golden State – made good on Edwards’ declaration, as well as responding to a challenge issued by head coach Chris Finch.
“The challenge we laid down to our guys from day one was quite simple,” Finch said after the Wolves’ Game 5 victory, per Dave McMenamin of ESPN. “It was one question: ‘Were you a Western Conference Finals team, or were you a team that just happened to make the Western Conference Finals?’ And there’s only one way to prove that: Go out and do it again. And that was our mission all year.”
While the Wolves have achieved one of their goals, they’re still two series wins away from their ultimate objective, which is why Edwards told reporters on Wednesday that there’s “no satisfaction” in the locker room yet, according to McMenamin. Minnesota would enter the 2025 Western Finals as a significant underdog if the 68-win Thunder get past Denver in the other conference semifinal, but the Wolves players say they’re not fazed by that.
“Our mentality going in was nobody expected us to beat the Lakers, no one expected us to beat the Warriors,” Donte DiVincenzo said. “So our expectation going in was just stick together and we know that no one is going to pick us, and we’re fine with that.”
We have more from around the Northwest:
- After not playing in the fourth quarter of the Thunder‘s Game 4 win and scoring just three points in the first three quarters of Game 5, veteran wing Luguentz Dort keyed Oklahoma City’s Tuesday comeback with a trio of consecutive three-pointers in the fourth quarter, writes Joe Mussatto of The Oklahoman. Head coach Mark Daigneault had reaffirmed his faith in Dort after Game 4, referring to him as “the last guy I’m worried about,” and wasn’t surprised by his Game 5 heroics. “I don’t bet against Lu,” Daigneault said. “It’s that simple.”
- It’s business as usual for the Trail Blazers‘ front office with the franchise up for sale, reports Aaron Fentress of The Oregonian. A source tells Fentress that general manager Joe Cronin is operating with no additional restrictions during the sale process. As Fentress writes, while it’s not uncommon for a new ownership group to make managerial and coaching changes, both Cronin and head coach Chauncey Billups recently signed contract extensions, so they at least have some financial security going forward.
- Milos Uzan worked out for the Jazz last week and said he got some “pretty good feedback” from the team, according to Andy Larsen of The Salt Lake Tribune, who notes that Carlos Boozer – rumored to be joining Utah as a scout – referred to Uzan as “one of the better players in the workout.” The Houston guard is the 41st overall prospect on ESPN’s big board, while the Jazz control three picks (Nos. 21, 43, and 53) in addition to their lottery selection.
Hornets’ Josh Longstaff Among Suns’ Head Coach Candidates
Hornets assistant Josh Longstaff is among the candidates receiving consideration for the Suns‘ head coaching job, reports Michael Scotto of HoopsHype (Twitter link).
A veteran NBA assistant, Longstaff was first hired by the Thunder in 2010 and has since been part of coaching staffs for the Knicks, Bucks, Bulls, and Hornets. He was hired by Charlotte under Charles Lee last offseason and coached the Hornets’ Summer League team in July.
Longstaff also previously spent a season as the head coach of the Erie BayHawks, who were Atlanta’s G League affiliate at the time (2017/18). He worked for Team USA under Jeff Van Gundy during World Cup qualifiers as well, Scotto notes.
Reporting earlier this week indicated that the Suns have cast a wide net in their coaching search and have interviewed more than 15 candidates for their head coaching position. In other words, the fact that Longstaff is simply among that group doesn’t necessarily mean he’s a frontrunner or even that he’s assured of advancing to the team’s second round of meetings.
Still, reports have indicated that the Suns are likely to hire a younger, first-time head coach this time around on the heels of on-and-done seasons with a pair of veteran coaches (Frank Vogel and Mike Budenholzer). Longstaff, 42, would fit that bill.
Atlantic Notes: Raptors, Maluach, Sixers, Bailey, Nets, Fears
While they didn’t fall as far as teams like Utah or Washington, the Raptors were among the clubs to slide multiple spots in Monday’s draft lottery. They entered the night with the seventh-best odds, but will be picking ninth overall in this year’s draft.
As Eric Koreen of The Athletic writes, that lack of lottery luck diminishes the odds of Toronto adding a difference-maker in this year’s draft after the team spent much of the season angling for a better draft position. While that will raise the level of difficulty as Masai Ujiri looks to build another title-contending team, the Raptors president indicated on lottery night that he wasn’t fazed by the results, pointing to the organization’s positive history with the No. 9 overall pick.
“Tracy McGrady. DeMar DeRozan. Jakob Poeltl,” Ujiri said. “We’ll be fine. I guarantee you we’ll be fine. … We have all our picks going forward. I think we continue this rebuild and grow as a team. And honestly, I’m as optimistic as I was (before the lottery).
“I believe that the NBA has become (about) movement, movement, movement. You just wait for your turn (for a big transaction that makes sense). It will come: patience and (we will) see if that’s the way. But I think for this team, we’re just going to keep growing. And (we have) young players. We’ll be fine adding another one.”
As for which prospects the Raptors might target at No. 9, Michael Grange of Sportsnet.ca points to Duke big man Khaman Maluach as one possible fit, noting that the club will be seeking center depth behind Poeltl. According to Grange, some league sources have told him Maluach is high on Toronto’s radar, while other sources with knowledge of the team’s thinking have pushed back on that notion.
The Raptors, who also hold 39th overall pick in this year’s draft, have a workout scheduled with Australian forward Alex Toohey, tweets Grange. Toohey is the No. 39 prospect on ESPN’s big board.
Here’s more from around the Atlantic:
- Confirming a report from Michael Scotto of HoopsHype, Keith Pompey of The Philadelphia Inquirer writes that assistant coach Coby Karl has been let go by the Sixers. Karl is one of several staffers the team is parting ways with, according to Pompey, who identifies associate player development coach Terrel Harris, senior physical therapist and assistant athletic trainer John Tooher, and director of coaching operations Michelle Bell as a few of the others exiting the organization.
- In a column for The Philadelphia Inquirer, Pompey makes the case that the Sixers should use the No. 3 overall pick on Rutgers’ Ace Bailey, assuming Cooper Flagg and Dylan Harper are off the board. However, if they do select Bailey, the 76ers will need to make sure they “focus on making him a real contributor from day one,” Pompey contends, rather than possibly stunting his growth by making him a fourth option or role player.
- Could Oklahoma guard Jeremiah Fears be the right fit for the Nets at No. 8 in this year’s draft? Noting that Fears shows up at that spot in multiple mock drafts, Brian Lewis of The New York Post writes that the lottery prospect has worked out for Brooklyn and the Wizards so far and received some positive feedback from the Nets. “Yes, I met with Brooklyn. I worked out for Brooklyn as well,” Fears said. “The conversations were great. They were just telling me how they think I could fit within their system and be an overall good piece for them.”
Warriors Notes: Curry, Butler, Green, Kuminga, Podziemski
The Warriors were eliminated from the playoffs on Wednesday, falling to the Timberwolves in Game 5 of their second-round series. After taking Game 1, Golden State was without Stephen Curry for all four of its losses in the Western Conference semifinals. Would the outcome of the series have been different if Curry hadn’t been sidelined by a strained hamstring?
“I am pretty positive that if we had Steph, we’d have won this series,” team owner Joe Lacob told Anthony Slater and Marcus Thompson II of The Athletic after the game.
“I don’t even have to think what (if),” head coach Steve Kerr said when asked whether he’ll wonder what the Warriors could have done with a healthy Curry (story via Ohm Youngmisuk of ESPN). “I know we had a shot. I know we could have gone the distance. Maybe we wouldn’t have, but it doesn’t matter. Again, everything in the playoffs is about who stays healthy and who gets hot. Are you playing well at the right time?”
As Slater and Thompson note, the sentiment expressed by Lacob in particular is notable, since it suggests the Warriors believe in this group and don’t intend to seriously shake up the roster. Team sources tell The Athletic that the conversations within the front office entering the summer have been about how best to complement Curry, Jimmy Butler, and Draymond Green, not about trying to acquire another star.
“On the surface, that’s why (Butler) signed for two more years — our belief we can make it work,” Curry said. “And we’ve proven that the last three months. Just gotta figure out what is going to get us to the next level as a whole. One guy can’t win it. Two guys can’t win it. It’s gotta be a team.”
The plan is for Kerr and general manager Mike Dunleavy Jr. to return as well, per Slater and Thompson, who write that Warriors ownership remains fully confident in its coaching staff and front office.
“I have a great coach and I have a great GM,” Lacob told The Athletic. “I have no problems with anything in respect to them. Mike made a fantastic trade (for Butler). Before we made that trade, we were one game under .500 and it didn’t look like we were going anywhere.
“We won a first-round series against a very good up-and-coming team with a lot of athleticism and size. I thought it was a hell of a win. Got us pretty tired probably for this series, and maybe that was just too much to overcome. In that first game (against Minnesota), Steph looked like he was going to cook, right? But what are we going to do? Stuff happens.”
For his part, Kerr also expressed enthusiasm about the Warriors going forward: “I’m excited. We’ve got Jimmy and Dray and Steph all coming back. Our young players performed really well. There’s a lot to look forward to.”
Here’s more on Golden State:
- Lacob remains one of Jonathan Kuminga‘s biggest fans, according to Slater and Thompson, who say it’s “nearly impossible” to believe the Warriors owner would let the restricted free agent forward sign an offer sheet with another team and leave for nothing this summer. A new deal for Kuminga and the Warriors is still on the table, sources tell The Athletic, though both sides are also expected to consider sign-and-trade scenarios.
- “There are certainly things he has to improve on, but he’s 22 years old,” Lacob said of Kuminga. “He’s got a hell of a lot of potential, and I would think he would be a part of our future plans. Now we’ll have to see how the market all shakes out. We have a lot of evaluating to do. Not me necessarily. But everybody — from coaching staff to basketball operations. We’ll kind of sit around and talk about how we want to construct the team for next year and what the situation is with respect to him.”
- The Warriors’ decision to resist trade offers for Brandin Podziemski last offseason wasn’t unanimous within the organization, per Slater and Thompson. Some of the people who were in favor of gauging Podziemski’s market believe the team needs “more of a Jordan Poole-type play-maker,” The Athletic’s duo says. The front office also believes Golden State needs more positional size at multiple spots, Slater and Thompson add.
- Green said after the Game 5 loss that he’s “100 percent” confident the Warriors’ young players are capable of taking “the next step,” writes Vincent Goodwill of Yahoo Sports. Lacob also said he thinks Golden State’s younger contributors can take “yet another leap” and defended them from online criticism. “I get very upset when I read all this crap on the internet, these comments by people, you know, ‘This guy’s crap. That guy’s crap. The drafts were terrible.’ Bull—t!” the Warriors’ owner told The Athletic. “Our drafts were not bad at all. These guys are very young. They’ve had to fit into a very difficult situation with experienced players. It’s not like they can just go out and put up numbers. So I think we’ve drafted very well. We’ve got some good young players.”
- ESPN’s Bobby Marks and HoopsHype’s Mark Deeks have published their Warriors offseason previews, looking ahead to how the team might handle Kuminga’s restricted free agency, as well as making note of other veteran free agents, like Kevon Looney and Gary Payton II.
Celtics Notes: Kornet, Porzingis, Tatum, Brown
Luke Kornet was an unexpected star as the Celtics staved off elimination by beating the Knicks in Wednesday’s Game 5, writes Adam Himmelsbach of The Boston Globe. With Kristaps Porzingis struggling through another ineffective game, coach Joe Mazzulla decided to have Kornet start the second half in his place. Kornet delivered one of the best performances of his career, blocking five shots in the third quarter while scoring four points and grabbing five rebounds.
“He was great,” coach Joe Mazzulla said in a separate Boston Globe story. “He did a great job protecting the rim, he did a great job defending without fouling, did a great job on both ends of the floor. I just thought his presence was good, especially with the rebounding. … He made some big-time plays for us.”
Kornet finished the night with a near triple-double, posting 10 points, nine rebounds and seven blocks in 26 minutes. With Porzingis slowed by lingering virus symptoms, Kornet may have a more significant role for the rest of the series, which moves back to New York on Friday.
“He was unbelievable,” Derrick White said of Kornet. “He came in and just seemed to be always in the right position. Seven blocks is crazy, he was unbelievable tonight and really stepped up when he needed him. He’s a had a great season, and he was big time for us tonight. … Yeah, I was barking with him. It’s just fun to see him do that.”
There’s more from Boston:
- Mazzulla confirmed that health issues resulted in Porzingis sitting out the entire second half, per Souichi Terada of MassLive. Porzingis is still feeling the effects of a virus he contracted in late February and recently explained that he has physical crashes that rob him of energy and stamina. “He couldn’t breathe,” Mazzulla said. “So he was available if absolutely necessary. So that was just a decision between me and him. He was having difficulties breathing, but he wanted to be out there. And if we absolutely needed him, we would have been able to go to him and rely on him.”
- Jayson Tatum posted an Instagram message on Wednesday, reaching out to fans for the first time since undergoing surgery to fix an Achilles tear on Tuesday. Tatum, who suffered the injury during Monday’s Game 4, displayed a picture of himself in his hospital bed with the statement, “Thankful for all the love and support.”
- Stephania Bell of ESPN examines Tatum’s projected recovery timeline and compares it to other stars who’ve been through the same procedure.
- Jaylen Brown, who contributed 26 points, 11 rebounds and eight assists in the Game 5 victory, talked about the need to adopt a greater leadership role in Tatum’s absence, tweets Jared Weiss of The Athletic. “Just be who I am and I think that’s it,” Brown said. “Just be myself, come out, be aggressive and get it done in multiple ways. We’re a team. We’ve always been a team. … The goal is to just lead and be myself.”
Hawks Interested In Masai Ujiri To Run Front Office
Raptors executive Masai Ujiri has emerged as a target for the Hawks as they search for a new president of basketball operations, Marc Stein reports in his latest Substack article (subscription required).
Sources tell Stein that it’s unclear if Atlanta has a legitimate chance to lure Ujiri, who has been with Toronto for the past 12 years. Ujiri’s contract status hasn’t been made public, but Stein hears that he’s believed to be entering the final season of his current deal.
After starting his career as a scout, Ujiri worked his way up to assistant general manager with the Raptors in 2008 before leaving to become the GM in Denver in 2010. He was named Executive of the Year with the Nuggets in 2013, then returned to Toronto as executive vice president.
Ujiri bolstered his reputation as one of the NBA’s top executives when he built the Raptors team that captured the franchise’s first-ever NBA title in 2019. The final piece of the puzzle was a bold move to trade for San Antonio’s Kawhi Leonard, who was entering the final year of his contract and only spent one season with the team.
Ujiri, who has since been promoted to president and vice chairman, is still recognized as a master team builder, even though Toronto has fallen on hard times in recent years, missing the playoffs in four of the past five seasons. Stein notes that after finishing 30-52 this year, Ujiri promised at an April press conference to bring another championship to Toronto.
The Hawks shook up their front office after being eliminated in the play-in tournament, firing general manager Landry Fields on April 21. Assistant GM Onsi Saleh was promoted to interim GM and is currently handling the day-to-day operations, but the new hire is expected to run the organization.
A Stein Line report last week indicated that owner Tony Ressler was exploring the idea of having a player agent take over the job, with Trae Young‘s agent, Austin Brown of CAA, among the top candidates. League sources confirm to Stein that Octagon’s Alex Saratsis, who represents Giannis Antetokounmpo and Bam Adebayo, has also moved into the picture, as previously reported by Grant Afseth.
Warriors Notes: Game 5, Butler, Curry, Three-Point Shooting
The Warriors are teetering on the brink of elimination heading into tonight’s Game 5 at Minnesota, but they haven’t lost confidence that they can rally and take the series, writes Ann Killion of The San Francisco Chronicle. Golden State won the opener, but the tone of the series shifted when Stephen Curry suffered a Grade 1 left hamstring strain after playing just 13 minutes. The Warriors haven’t looked the same without their star guard to stretch Minnesota’s defense, dropping three straight games, including two in a row at Chase Center.
“Win one game, take it from there,” Draymond Green said after Monday’s loss. “That’s our mindset. You win one and everything changes.”
Coach Steve Kerr has been juggling his rotations throughout the playoffs amid inconsistent performances from his role players. Killion notes that Brandin Podziemski has been struggling with his shot, going 3-of-14 from the field in Game 4 while missing all four of his three-point attempts, while Buddy Hield committed four turnovers and made just two three-pointers.
“We have belief, we have faith,” Kevon Looney said. “We’ll take it possession by possession, quarter by quarter. We’ve got to put together a full game, not just 40 good minutes of basketball.”
There’s more on the Warriors:
- Jimmy Butler was under the weather in Game 4, when he took only nine shots and finished at a game-worst minus-30, Killion adds. In a session with the media before tonight’s contest, Kerr said Butler has recovered from his illness and is now feeling good, according to Ohm Youngmisuk of ESPN (Twitter link).
- The team announced Tuesday that Curry wouldn’t be available for Game 5, but Kerr told reporters tonight that there’s still hope for Sunday’s Game 6 if Golden State can extend the series, per Anthony Slater of The Athletic (Twitter link). “It’s a possibility he could play,” Kerr said. Curry will be reevaluated on Saturday to determine how much progress he has made.
- With Curry on the sidelines and several of his shooters mired in slumps, Kerr admits that the Warriors haven’t been able to use the three-pointer as a weapon as much as they would like to, Slater writes in a full story. “The series changed with Steph’s injury,” Kerr said. “So everybody’s shots are going to be more difficult. Steph’s a guy who breaks the defense down for us and creates that offensive flow. I think the result is that shots are more difficult for every single guy.”