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NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Thu Mar 20, 2025 4:10 pm
by RealGM Wiretap
The NBA could revisit its timeline for expansion teams following the sale of the Boston Celtics for $6.1 billion on Thursday, according to Shams Charania of ESPN.
It was reported that the league was looking for the Celtics to sell for around the $6 billion mark to establish a baseline fee for expansion teams.
Bids for the Celtics prior to Thursday's sale were coming in under $6 billion.
It could take 3-5 years from the start of the expansion process for a team to make its debut on the court.
Via Shams Charania/ESPN
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Thu Mar 20, 2025 5:23 pm
by Pickled Prunes
The Boston Celtics (one of the most storied franchises in all of sports) sold for $6.1 billion dollars... that has very little to do with the value of a startup like the Las Vegas Jokers.
Tony Parker's home is valued at $16.5m. It's on 53 acres and has a private water park, movie theater, wine cellar, tennis court, greenhouse, volleyball court, etc.... Surprisingly, my home in the suburbs hasn't gone up in value since Parker's estate was listed for sale.
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Thu Mar 20, 2025 7:49 pm
by FeatheryTouch
Pickled Prunes wrote:The Boston Celtics (one of the most storied franchises in all of sports) sold for $6.1 billion dollars... that has very little to do with the value of a startup like the Las Vegas Jokers.
Tony Parker's home is valued at $16.5m. It's on 53 acres and has a private water park, movie theater, wine cellar, tennis court, greenhouse, volleyball court, etc.... Surprisingly, my home in the suburbs hasn't gone up in value since Parker's estate was listed for sale.
C'mon now, apples and oranges. Franchises are a unique asset and here is a infinitely smaller inventory of NBA teams for sale(currently zero!) than homes or even luxury homes for sale.
The sale price is a record for ANY pro sports franchise in ANY sport in the the US - it's definitely going to have some effect on the valuation and sales price of current or future NBA franchises.
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Thu Mar 20, 2025 9:41 pm
by FeatheryTouch
deleted
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Thu Mar 20, 2025 10:56 pm
by Pickled Prunes
FeatheryTouch wrote:Pickled Prunes wrote:The Boston Celtics (one of the most storied franchises in all of sports) sold for $6.1 billion dollars... that has very little to do with the value of a startup like the Las Vegas Jokers.
Tony Parker's home is valued at $16.5m. It's on 53 acres and has a private water park, movie theater, wine cellar, tennis court, greenhouse, volleyball court, etc.... Surprisingly, my home in the suburbs hasn't gone up in value since Parker's estate was listed for sale.
C'mon now, apples and oranges. Franchises are a unique asset and here is a infinitely smaller inventory of NBA teams for sale(currently zero!) than homes or even luxury homes for sale.
The sale price is a record for ANY pro sports franchise in ANY sport in the the US - it's definitely going to have some effect on the valuation and sales price of current or future NBA franchises.
The article says:
RealGM Wiretap wrote:It was reported that the league was looking for the Celtics to sell for around the $6 billion mark to establish a baseline fee for expansion teams.
From what I remember, that was just Windhorse & the collective speculating. Sure, it will have an affect on the cost of buying an expansion team. The phrase I had issue with was "baseline fee." If that's your baseline, someone is about to get foolish!
Comparing homes to NBA franchises might be apples to oranges, but comparing the Celtics to a Las Vegas expansion team is apples to apples... with one apple being twice as big and three times as tasty. 50 years from now, BOS will still be more valuable than that team in LV, maybe twice as valuable. A team in Seattle taking on the Sonics branding is somewhat of a different story.
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Fri Mar 21, 2025 3:48 am
by Revived
Pickled Prunes wrote:The Boston Celtics (one of the most storied franchises in all of sports) sold for $6.1 billion dollars... that has very little to do with the value of a startup like the Las Vegas Jokers.
Tony Parker's home is valued at $16.5m. It's on 53 acres and has a private water park, movie theater, wine cellar, tennis court, greenhouse, volleyball court, etc.... Surprisingly, my home in the suburbs hasn't gone up in value since Parker's estate was listed for sale.
Which city is Tony Parker’s house in? San Antonio?
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Fri Mar 21, 2025 4:14 am
by Pickled Prunes
Revived wrote:Pickled Prunes wrote:The Boston Celtics (one of the most storied franchises in all of sports) sold for $6.1 billion dollars... that has very little to do with the value of a startup like the Las Vegas Jokers.
Tony Parker's home is valued at $16.5m. It's on 53 acres and has a private water park, movie theater, wine cellar, tennis court, greenhouse, volleyball court, etc.... Surprisingly, my home in the suburbs hasn't gone up in value since Parker's estate was listed for sale.
Which city is Tony Parker’s house in? San Antonio?
Somewhere in that vicinity.
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Fri Mar 21, 2025 4:53 am
by DoItALL9
Pickled Prunes wrote:Revived wrote:Pickled Prunes wrote:The Boston Celtics (one of the most storied franchises in all of sports) sold for $6.1 billion dollars... that has very little to do with the value of a startup like the Las Vegas Jokers.
Tony Parker's home is valued at $16.5m. It's on 53 acres and has a private water park, movie theater, wine cellar, tennis court, greenhouse, volleyball court, etc.... Surprisingly, my home in the suburbs hasn't gone up in value since Parker's estate was listed for sale.
Which city is Tony Parker’s house in? San Antonio?
Somewhere in that vicinity.
Not Charlotte?
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Fri Mar 21, 2025 5:09 am
by Pickled Prunes
DoItALL9 wrote:Pickled Prunes wrote:Revived wrote:Which city is Tony Parker’s house in? San Antonio?
Somewhere in that vicinity.
Not Charlotte?
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No, the home for sale is in Texas.
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Fri Mar 21, 2025 6:39 am
by Revived
Pickled Prunes wrote:Revived wrote:Pickled Prunes wrote:The Boston Celtics (one of the most storied franchises in all of sports) sold for $6.1 billion dollars... that has very little to do with the value of a startup like the Las Vegas Jokers.
Tony Parker's home is valued at $16.5m. It's on 53 acres and has a private water park, movie theater, wine cellar, tennis court, greenhouse, volleyball court, etc.... Surprisingly, my home in the suburbs hasn't gone up in value since Parker's estate was listed for sale.
Which city is Tony Parker’s house in? San Antonio?
Somewhere in that vicinity.
I was just in Boerne which is in that vicinity. Small world.
Re: NBA Could Revisit Expansion Timeline Following Celtics Sale
Posted: Sat Mar 22, 2025 5:46 pm
by DoItALL9
Can we get a deadline?
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