Transcript
A (0:00)
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B (0:19)
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C (0:35)
Hello and welcome to the Hoop Collective podcast. We talk about the NBA, which we're doing on Monday morning. Joining us from the Jersey Shore, where the summer of Bontemps continues, is Tim Bontemps.
D (0:47)
Hello, everybody.
C (0:48)
Joining us from Dallas, Texas is band McMahon.
B (0:52)
Howdy partners. Monday morning, in the dead of August, we talked about the NBA.
C (0:58)
Yes, we do. And it is certainly the dead time, which means it's a good time for us where we're very happy to be dead. Does that sound right? No, it didn't sound right. All right. Since we last recorded, we had a couple of developments in the ownership situations in the NBA. The trailblazers sold, which we'll talk about in a little bit. And the Boston Celtics sale was. Was approved from Wick Groosbach as the governor to Bill Chisholm. But there was a wrinkle in there, which is interesting for the Celtics and for another franchise sale, the Lakers, which we'll get to in a second as part of this sale, which was for over $6 billion. Remember when the Celtics sort of at the time was pretty stunningly within a week of the parade when they won the championship last summer, where Groo Spock announced that his family was going to sell controlling interests of the team. And he had this list of expectations for the sale. One, he was going to get a certain price, which he achieved. Two, he wanted to do it in a. In over the course of time. So that would be over, I think three years. And three, he wanted to remain as the governor of the team for the next three years, or I don't remember how many years he said, but he wanted to remain governor three years, which was three wasn't just pulled out of thin air. When you looked at the Celtics, you could look at their window and say, you know, it looked like they had, you know, three to five years. And so it looked like he wanted to cash out, basically have his money and eat the cake, which was to still run the team that was going to potentially win or compete for more championships. And it was sort of a stunning set of terms for a sale, because if you're going to get a premium price, you know, you expect to not be able to dictate all the terms.
