Steve Pagliuca Rumors | Hoops Rumors

Celtics Notes: Tatum, Hauser, Simons, Mazzulla, WNBA

August 9th, 2025 at 8:22pm CST by Arthur Hill

There’s no official injury update on Jayson Tatum, but it was encouraging to see the Celtics star moving around freely during two public appearances this week, writes Matty Wasserman of The Boston Globe. Tatum made a visit to Patriots training camp on Wednesday and followed that by joining coach Joe Mazzulla at the groundbreaking for a new early education center a day later.

Tatum, who underwent surgery after tearing his Achilles in a May 12 playoff game, didn’t take any questions or address his condition, but team president Rich Gotham seemed delighted with his progress.

“He’s gone from walking around in a boot and just kind of wiggling his toes to, as you see him today, he’s walking around a little more freely,” Gotham told reporters. “That’s obviously very encouraging to all of us at the Celtics … These are all little milestones in what has been a pretty grueling process for him. But it’s great to see him out at something like this.”

Gotham refused to speculate on whether Tatum would return to action if he receives medical clearance before the end of the upcoming season. However, he added, “What I know about JT is that he’s going to do everything he can to put us in the position to make a decision.”

There’s more from Boston:

The Celtics trimmed nearly $50MM off their luxury tax bill by trading Georges Niang to Utah, and they appear determined to get below the tax line altogether, cap expert Yossi Gozlan states in his Third Apron column (subscriber link). They’ll be about $12.1MM above the threshold once Chris Boucher officially signs, and Gozlan identifies two potential cost-cutting strategies. One is to trade Sam Hauser‘s $10MM salary and duck below the tax at the deadline by moving minimum-salaried players and replacing them with prorated signings. Another is to send Anfernee Simons ($27.7MM) to a team below the first apron, which would only have to part with $19.2MM in salary in return. That would also put Boston in position to escape the tax with small moves at the deadline.
The multiyear extension for Mazzulla gives the Celtics some stability amid significant roster turnover, observes Souichi Terada of MassLive. Terada adds that Mazzulla is liked and respected by his players, particularly Tatum and Jaylen Brown.
Gary Washburn of The Boston Globe examines the obstacles that Celtics minority owner Steve Pagliuca is facing in his attempt to buy the WNBA’s Connecticut Sun and move the team to Boston. Washburn states that Massachusetts Governor Maura Healey is on board with the effort, adding that Boston doesn’t want to wait for the next round of expansion, which might not happen until 2033.

Atlantic Notes: Quickley, Clarkson, Pagliuca, Maxey

August 4th, 2025 at 1:09pm CST by Luke Adams

A signing completed by the Raptors in July 2024 is looming over large over the current offseason, according to ESPN’s Bobby Marks (YouTube link), who points to the five-year deal Immanuel Quickley signed as a restricted free agent last offseason as a major outlier. That contract had a base value of $162.5MM, with an additional $12.5MM in bonuses. It’s worth $32.5MM per year, with a maximum value of $35MM per year.

“The Immanuel Quickley contract has totally screwed up restricted free agency,” Marks said. “Because that’s where agents are looking at like the benchmark. Certainly, (Bulls guard) Josh Giddey‘s like, ‘I want that contract.’ That number has screwed up a lot of things.”

As Marks goes on to explain, while the agents for extension candidates or current restricted free agents like Giddey will be eager to use the Quickley deal as a point of comparison for their clients, teams around the NBA haven’t been willing to go that high for players with somewhat similar résumés.

“… I don’t think Toronto got enough heat for that number,” Marks continued. “Because Immanuel Quickley is not a $32, $33 million guy.”

Here’s more from around the Atlantic:

It has been so long since Jordan Clarkson played meaningful basketball that it’s difficult to predict exactly what he’ll bring to the Knicks in 2025/26, one Western Conference scout tells Stefan Bondy of The New York Post (subscription required). Clarkson remains a talented scorer and one team source believes he’s “exactly what we needed” off the bench, Bondy writes, though a veteran NBA coach notes that the veteran guard comes with some downside too. “High-level shooter. Good going right,” the coach said. “Wild-card-type player. Throw him out there and see if he can get hot. But there’s not much else from a production standpoint. And it’s ugly on defense.”
Jennifer Rizzotti, the president of the WNBA’s Connecticut Sun, said on Sunday that a deal to sell the franchise to Celtics minority owner Steve Pagliuca is “not quite at the finish line yet” and that the Sun will remain in Connecticut for the 2026 season, per ESPN’s Alexa Philippou. While both Rizzotti and Pagliuca (Twitter link) offered statements about the potential transaction, neither one disputed the fact that the plan is to move the team to Boston by 2027. Pagliuca spoke repeatedly in his statement about keeping the franchise “in New England.”
Keith Pompey of The Philadelphia Inquirer takes a look at the off-court work Tyrese Maxey is doing in the Philadelphia community, noting that Maxey’s foundation donated $60K this weekend while the Sixers guard hosted a free basketball camp for kids on Saturday.

Celtics Notes: White, Roster Spot, Walsh, Brown, WNBA

August 2nd, 2025 at 7:31pm CST by Arthur Hill

Derrick White shared the story of being traded from the Spurs to the Celtics as he launched his new “White Noise” podcast, relays Hayden Bird of The Boston Globe. White has become a fan favorite in Boston and played an important role in the 2024 championship, but he was wasn’t eager to leave San Antonio when the deal was reached at the 2022 deadline.

“Getting traded is never easy. I think it’s probably easier in the offseason, you kind of get time to relax and figure [things] out,” he said. “But getting traded in the season is one of the craziest things that I’ve had to deal with in my NBA career. You’re on a team, you’re committed to them, you’re trying to do everything you can to help them win games, and then one day they’re like, ‘All right, you’re on the Celtics.’ I was hurt, definitely, when [the Spurs] traded me.”

White reacted to the deal by “playing dominoes and drinking” in his hotel room with Spurs trainer and close friend Brandon Bowman. He recalls that several players and coaches joined them, giving White a sendoff party that nearly caused him to miss the flight that the Celtics set up for him. His feelings on Boston changed quickly as the home crowd gave him a standing ovation when he checked into his first game, making him feel like “this is where I’m supposed to be at.”

Also on the podcast, White reacted to the offseason losses of former teammates Jrue Holiday, Kristaps Porzingis and Luke Kornet.

There’s more from Boston:

The Celtics are likely to keep a roster spot open throughout the season to hold down payroll, Brian Robb of MassLive states in a mailbag column. If they sign a veteran before the season begins, they have the option to waive Jordan Walsh, who only has a $200K guarantee on his $2.2MM salary until opening night, but Robb believes that’s less likely following his strong performance during Summer League.
In an Instagram interview with The School of Hard Knockz, Jaylen Brown talked about relying on faith to handle the disappointments and high expectations that come with being a professional athlete (hat tip to Meadow Barrow of MassLive). “I’ve dealt with anxiety, even depression,” Brown said. “I’ve been to some very dark places, but I feel like those dark places have allowed my light to shine.”
A group led by Celtics minority owner Steve Pagliuca has reached an agreement to buy the WNBA’s Connecticut Sun and move the franchise to Boston, sources tell Gary Washburn of The Boston Globe. The group will reportedly pay a record $325MM to the Mohegan Tribe for the team, along with $100MM to build a new practice facility in Boston. The league responded by issuing a statement saying that “relocation decisions are made by the WNBA Board of Governors and not by individual teams,” and that “no groups from Boston applied for a team” during the expansion process.

Celtics Sale Expected To Close Soon

May 3rd, 2025 at 8:47pm CST by Arthur Hill

The group headed by William Chisholm has attained enough money to cover the cost of buying the Celtics, and the sale is expected to be finalized in the next week or so, sources tell Ben Horney of Front Office Sports.

Two sources describe the group’s status as “oversubscribed,” according to Horney, with more than enough capital on hand to complete the deal. Horney states that the buyers will acquire slightly more than 51% of the franchise in the first part of the transaction, but the exact stake for Chisholm hasn’t been clarified.

Front Office Sports reported last week last that Chisholm was still seeking investors, so progress has apparently been made in the past few days.

Horney notes that Chisholm’s group has also resolved an issue involving Sixth Street Partners, a private equity firm. Reports emerged after the sale was announced in March that Sixth Street Partners was contributing more money to the sale than Chisholm, which isn’t permitted. NBA regulations state that private equity firms cannot be the largest stakeholder in a team and that at least 15% of the purchase price must come from the controlling owner.

That issue was raised by current minority owner Steve Pagliuca, who also sought to buy the team. Horney states that Pagliuca wrote a public letter to Celtics fans last month promising that his proposal was “fully guaranteed and financed” and contained “no debt or private equity money that would potentially hamstring our ability to compete in the future.”

Pagliuca added that he and his partners were “ready to check back into the game” if Chisholm’s group couldn’t comply with NBA bylaws.

According to Horney, a plan remains in place to have current owner Wyc Grousbeck continue as CEO and governor through the 2027/28 season. A source tells Horney that there will be two parts to the sale, and current minority owners can also keep their positions in the organization until 2028.

The minority owners can sell their stakes for up to 20% more than the original price of the deal, Horney adds, under a revenue-based formula established by the league. He estimates that it will bring the actual value of the deal to almost $7.3 billion.

Several new minority owners will be identified in the coming weeks, and they could include a few familiar names to Boston sports fans, according to Adam Himmelsbach of The Boston Globe. A source tells Himmelsbach that Chisholm has made it a priority to establish ties with the local business community.

Himmelsbach also points out that no matter when the sale is finalized, it won’t become official until it’s approved by the NBA’s Board of Governors, probably in June or July.

Celtics Sale Notes: Chisholm, Financing, Valuation, More

March 25th, 2025 at 10:22am CST by Luke Adams

Although William Chisholm has reached a tentative agreement to buy a controlling stake in the Celtics, the NBA’s Board of Governors vote to approve the sale isn’t expected to happen until June, according to Dan Primack of Axios (hat tip to Brian Robb of MassLive.com).

That will give Chisholm some time to recruit additional investors, since his bid for the franchise isn’t fully financed, Primack writes. A report from Kerry A. Dolan of Forbes seems to corroborate this point, noting that Chisholm offered another billionaire an opportunity to buy a stake in the Celtics last Thursday.

Primack suggests that Chisholm’s best route to secure additional financing may be to reach out to the other three groups who were involved in the bidding process. Those groups are headed by Dan Friedkin, Stan Middleman, and current Celtics minority owner Steve Pagliuca.

However, according to Primack, Friedkin may already be moving on to pursuing an NHL expansion team in Houston. As for Pagliuca, his group’s bid was fully financed, so he may prefer to hold firm as a potential Plan B if Chisholm’s bid falls through rather than joining Chisholm’s group himself.

Primack also notes that Middleman’s offer came in below Chisholm’s but above Pagliuca’s. There has been no indication that offer was fully financed.

Here’s more on the Celtics’ impending sale:

While the initial valuation of the franchise is said to be $6.1 billion for the controlling stake, the agreement calls for the valuation to rise to about $7.3 billion by the time Chisholm’s group buys out the remaining shares in 2028, according to Primack, who adds that the weighted price would work out to approximately $6.7 billion.
Wyc Grousbeck‘s desire to remain in place as the Celtics’ CEO and governor until 2028 was dropped as a mandatory requirement at some point during the sale process, but Chisholm “smartly recognized” the value of agreeing to that condition when he made his offer, writes Primack. According to Axios, the terms of Pagliuca’s fully financed bid didn’t include Grousbeck retaining his CEO position.
Primack suggests that the high price tag for the Celtics may reduce the likelihood of the NBA expanding to cities like Seattle or Las Vegas in the near future. As he explains, with the Celtics sale resetting the market for franchise valuations, other team owners may be able to get an influx of cash by selling small stakes in their teams rather than relying on expansion fees. Adding one or more expansion franchises to the league would result in a substantial one-time payment for existing teams, but would dilute each club’s share of media rights revenue going forward.

More Details On Celtics’ Impending Sale

March 20th, 2025 at 12:20pm CST by Rory Maher

In a press release via Business Wire, Boston Basketball Partners LLC officially confirmed that it has reached an agreement to sell its majority stake in the Celtics at a record valuation of $6.1 billion to a group led by William (Bill) Chisholm.

Other members of the new group include current minority owner Robert Hale, Bruce A. Beal Jr., and Sixth Street, a private equity firm.

Sixth Street, which also purchased a stake in the Spurs in 2021, will invest more than $1 billion in the Celtics, a source tells Mike Vorkunov, Jay King and Jared Weiss of The Athletic.

The impending sale still needs to be approved by the NBA’s Board of Governors. According to The Athletic’s trio, the transaction is expected to take a few months to be finalized.

“Bill is a terrific person and a true Celtics fan, born and raised here in the Boston area,” Wyc Grousbeck said. “His love for the team and the city of Boston, along with his chemistry with the rest of the Celtics leadership, make him a natural choice to be the next Governor and controlling owner of the team. I know he appreciates the importance of the Celtics and burns with a passion to win on the court while being totally committed to the community. Quite simply, he wants to be a great owner. He has asked me to run the team as CEO and Governor for the first three years, and stay on as his partner, and I am glad to do so.”

“Growing up on the North Shore and attending college in New England, I have been a die-hard Celtics fan my entire life,” Chisholm said in his own statement. “I understand how important the Celtics are to the city of Boston – the role the team plays in the community is different than any other city in the country. I also understand that there is a responsibility as a leader of the organization to the people of Boston, and I am up for this challenge.

“My partners and I have immense respect for Wyc, the entire Grousbeck family and their indelible contributions to the Celtics organization over the last 23 years. We look forward to learning from Wyc and partnering with Brad Stevens, Joe Mazzulla and the talented team and staff to build upon their success as we work to bring more championships home to Boston.”

Stevens, Boston’s president of basketball operations, met with four prospective ownership groups in the month preceding the sale, sources tell The Athletic. A group led by another current minority owner, Steve Pagliuca, had been considered the frontrunner to purchase the team, per The Athletic’s report. However, Pagliuca released a statement (via Twitter) confirming his bid was unsuccessful.

“I recruited new partners with deep resources and expertise in technology and international markets to maximize the Celtics’ successes to ensure we can always compete for Championships, luxury taxes be damned,” Pagliuca said in part. “We made a fully guaranteed and financed offer at a record price, befitting the best sports fans in the world, and with all the capital coming from individuals who are fully committed to winning on and off the court.

“We had no debt or private equity money that would potentially hamstring our ability to compete in the future. We have felt it was the best offer for the Celtics. It is a bid of true fans, deeply connected to Boston’s community and we’ve been saddened to find out that we have not been selected in the process.”

Four Groups Identified As Bidders For Celtics

March 12th, 2025 at 2:51pm CST by Luke Adams

Four prospective ownership groups remain involved in bidding for the Celtics and have taken part in management presentations with the team, according to a report from Eben Novy-Williams and Scott Soshnick of Sportico.

Here are those four groups, per Sportico’s reporting:

Steve Pagliuca‘s group: Pagliuca is a current minority stakeholder in the Celtics who has expressed interest throughout the process in assuming majority control of the franchise. Sportico reported on Tuesday that he was a “near certainty” to be involved in the second round of bidding and was considered by some industry sources to be the frontrunner.
The Friedkin Group: Described by Sportico as “a privately held consortium based in Texas,” The Friedkin Group has holdings that include a pair of soccer clubs, AS Roma in Italy and Everton in the English Premier League. Dan Friedkin, the owner and CEO, is reportedly worth $7.5 billion.
Stan Middleman‘s group: Middleman, the president and CEO of Freedom Mortgage, bought a minority stake in MLB’s Philadelphia Phillies in 2023 and has explored pursuing majority control of other sports franchises, including the Cleveland Guardians and Washington Nationals, according to Sportico.
Bill Chisholm‘s group: Chisholm, whose involvement was first reported by Bloomberg, is the co-founder, managing partner, and chief investment officer of Symphony Technology Group, which manages about $10 billion in assets, per Sportico.

The Celtics’ majority ownership group first announced last July that it would be putting control of the franchise up for sale. The plan laid out at that time was to sell a majority share (ie. 51%) of the team in late 2024 or early 2025, with Celtics governor Wyc Grousbeck remaining in his current role until the balance of the sale is completed in 2028.

It’s unclear whether or not that’s still the plan, according to Novy-Williams and Soshnick, who note that the messiness of the Timberwolves’ ownership transfer prompted commissioner Adam Silver to suggest that the league may try to avoid sales that play out in multiple stages going forward.

The deadline for potential buyers to submit their initial offers was January 23. A second round of revised bids is reportedly due this Friday.

It’s not yet known whether the four groups involved in the process are fully funded or exactly how much they’re willing to offer for a controlling stake in the defending NBA champions, Novy-Williams and Soshnick write. During the site’s latest round of NBA franchise valuations, Sportico estimated that the Celtics are worth $5.66 billion.

Revised Bids From Prospective Celtics Owners Due Friday

March 11th, 2025 at 11:33am CST by Luke Adams

This Friday, March 14, represents the next key deadline in the Celtics‘ sale process, according to Scott Soshnick and Eben Novy-Williams of Sportico, who report that prospective owners have until the end of the day on Friday to submit their revised bids for the franchise.

The deadline for potential buyers to submit their initial offers was January 23. Reports at the time indicated that at least four or five groups were expected to put forth bids. Sportico’s latest update suggests that as many as four groups may still be involved in the process.

The Celtics’ majority ownership group first announced last July 1 that it would be putting control of the franchise up for sale. The plan laid out at that time was to sell a majority share (ie. 51%) of the team in late 2024 or early 2025, with Celtics governor Wyc Grousbeck remaining in his current role until the balance of the sale is completed in 2028.

While we don’t know for sure which groups remain involved in the bidding, it has been reported consistently throughout the process that current Celtics minority stakeholder Steve Pagliuca is interested in assuming control of the team. According to Soshnick and Novy-Williams, Pagliuca’s group is a “near certainty” to be among those submitting a revised bid by the end of this week and is considered by some industry sources to be the frontrunner.

Jeffrey Lurie, the owner of the NFL’s Philadelphia Eagles, was rumored to be one of the parties involved in the bidding process prior to the Jan. 23 deadline, but Lurie denied during his Super Bowl media session that he has interest in taking control of the Celtics or any other NBA team.

Another current minority stakeholder, Robert Hale, expressed interest in becoming majority owner or joining a group in October, and said in the lead-up to the January 23 deadline that he was “still hanging around the hoop.” Mark Bezos, the founding partner of HighPost Capital private equity group and the half-brother of Amazon founder Jeff Bezos, was also rumored to be among the possible bidders.

During the site’s latest round of NBA franchise valuations, Sportico estimated that the Celtics are worth $5.66 billion. According to Soshnick and Novy-Williams, people in the industry are especially curious to see what the final sale price for the Celtics will be since the team doesn’t own its arena (TD Garden) and only has a limited stake (20%) in its regional sports partner, NBC Sports Boston.

Celtics Reportedly Expect 4-5 Initial Ownership Bids

January 19th, 2025 at 9:49am CST by Rory Maher

The Celtics are expecting to receive a minimum of four ownership bids from prospective investment groups when the first round of the sale process closes on January 23, a source with direct knowledge of the process tells Michael Silverman of The Boston Globe (subscription required). A fifth bid is also a possibility, Silverman reports.

Current co-owner Steve Pagliuca is spearheading a consortium that will be making a bid, according to Silverman, but the identities of the control heads for the other groups remain a mystery, at least for now. Another current minority stakeholder, Robert Hale, expressed interest in becoming majority owner or joining a group in October, and he told Silverman he’s “still hanging around the hoop.”

Fenway Sports Group and Mark Bezos are reportedly among the other potential bidders. The founding partner of HighPost Capital private equity group, Bezos is the half-brother of Amazon founder Jeff Bezos.

The Grousbeck family announced on July 1 that it was putting the team up for sale, just a few weeks after the Celtics won their 18th championship. According to Silverman, the Grousbecks expect the final sale price to exceed $6 billion.

As Silverman writes, the Grousbecks and the investment banks advising them on the sale process are expected to review the first round of bids until sometime in February. At that point, two groups will be selected for a final round of bidding, unless one initial bid “meets the family’s expectations.”

If there’s a final round involving two bidders, it could take weeks or even months before a new owner is announced, Silverman adds.

The plan remains for the sale process to be conducted in two phases, with the new group controlling 51% of the franchise at some point in the first half of 2025. The remaining 49% would be sold in 2028.

Governor Wyc Grousbeck hopes to remain in that role until 2028, though it’s unclear if bidders will be open to that idea after he has given up his controlling interest in the first phase of the sale.

Celtics To Receive First Round Of Ownership Bids On Jan. 23

January 14th, 2025 at 4:51pm CST by Luke Adams

The Celtics‘ current majority owners will receive the first round of bids from prospective buyers on January 23, reports Adam Himmelsbach of The Boston Globe. According to Himmelsbach, that information was conveyed on Tuesday in a letter from the Grousbeck family to the rest of the team’s stakeholders.

As Himmelsbach relays, that letter from the Grousbecks stated that the investment banks retained to manage the sale have been in contact with potential bidders in recent months. The Grousbeck family is said to be “pleased with the broad level of interest that has emerged” and is targeting a “first close” this spring, Himmelsbach adds.

The Celtics’ majority ownership group first announced on July 1 that it would be putting control of the franchise up for sale. The plan laid out at that time was to sell a majority share (ie. 51%) of the team in late 2024 or early 2025, with Celtics governor Wyc Grousbeck remaining in his current role until the balance of the sale is completed in 2028.

That’s still the plan, Himmelsbach writes, though it’s unclear if bidders will be on board with the idea of having Grousbeck continue serving as a governor even after he has given up his controlling interest in the franchise.

The NBA may also have some reservations about a sale that plays out across several years, given what has transpired over the past year in Minnesota. However, it’s worth noting that the Timberwolves’ sale process saw prospective owners Alex Rodriguez and Marc Lore buy in as minority shareholders, and it wasn’t until it came time for them to take over majority control that a dispute arose between their group and longtime owner Glen Taylor. It sounds like the plan in Boston would be for the Celtics’ buyer to obtain a controlling interest in the team sooner rather than later.

Celtics co-owner Steve Pagliuca suggested in early July that he intended to submit a bid for the franchise, with Fenway Sports Group identified in August as another possible bidder. Reporting in October indicated that minority shareholder Robert Hale and Mark Bezos, the founding partner of HighPost Capital private equity group and half-brother of Amazon founder Jeff Bezos, are among the other prospective buyers who could be in the mix.

Sportico’s latest NBA franchise valuations, published last month, estimated the Celtics’ value at $5.66 billion.