2010's most valuable Celtic asset: a bad economy!?!?
Given what we see happening around the league right now with teams like Sacramento, New Orleans, Phoenix, New Jersey, New York, Milwaukee and others doing everything they can to dump salary, as a Celtic fan I have to wonder if the bad economy continuing into next year wouldn't be a good thing for the Celtics. Let me explain.
I'm, first off, going to say that I think the Celtics will repeat with the team constructed as it currently is. If they add a Joe Smith and/or Stephon Marbury, that should just make repeating easierfor them but winning it all is inevitable this year. Simply put, they are the best team out there. So in the first two years of the Big Three era the C's could and should put up two championships. Which will leave Danny Ainge with an interesting dilemma. Should he stay status quo and let the Big Three thing run its course or should he start moving some pieces around and attempt at make this era a long dynasty by adjusting? If he decides to adjust we all know that Eddie, Tony, Ray, Pruitt, POB and Scal will be expiring next year with the team holding options on terminating Walker and Giddens as well. That's possibly around $28 million in expiring contracts
It fairly obvious that the bad economy isn't hitting the sports ticket buying populace of Boston very badly at all. The Celtics, Red Sox, Patriots and now, even the Bruins are banging out sell outs left and right and in some cases have for years. Boston as a whole isn't being hit as hard as some areas of the country. Hence the Celtics aren't feeling it as badly as some owners are, at least from a basketball business sense. I haven't heard that Wyk and Co. are taking it hard on the chin in their none Celtics endeavors, so that is also good for the team. So, should the Celtics hope for the economy to worsen slightly and last a long time?
A worsening economy can only mean teams like Washington, the Clippers, Denver and others could join the fray and go into all out salary dumping mode as well. As much as three quarters of the league or more could be looking to get well below the cap and luxury tax level for a variety of reasons(the economy, the impending free agent season, the expiration of the CBA and possible work stoppage). It could be a time where a healthy Boston Celtics, from a purely profit and loss statement accounting, could really take advantage of the situation and scoop up a lot of bargains and make themselves the team to beat for years on end by fleecing some teams in the Red Auerbach tradition because they will be desparate for expiring deals.
Just think of all the large contracts that some of the poorer owners and teams have that misght be had for some combination of expiring deals that would be extremely impoprtant for them. Think of the teams wanting to go after the 2010 free agent market and the players that might be pulled from those teams as they prepare for a run at LeBron and company. I think the possibilities really are endless for the Celtics in transforming this team into an absolute powerhouse simply because teams will want to dump contracts for a variety of reasons.
Really, can anyone be 100% positively, without a doubt sure that any of the following players wouldn't be in play this offseason and right up until next year's trading deadline:
Josh Smith
Caron Butler
Gilbert Arenas
Antawn Jamison
Luol Deng
Vince Carter
Emeka Okafor
Gerald Wallace
Tayshaun Prince
Elton Brand
Andre Iguodala
Danny Granger
Rashard Lewis
Andrew Bogut
or Richard Jefferson?
And that's just the Eastern Conference. There are going to be very few players that anyone can be 100% sure that they will be on the same team come the start of the 2010-11 season and the economy might be the biggest factor in the transformation of the NBA in the coming years. Let's hope that Danny, Wyc and the rest are ready to take advantage of it.
Be respectful and keep it clean. Thanks.
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13 comments
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Yeah but..
The New Yorks of the world will still be able to pick Lebron, etc. But I do agree that the C’s could potentially get a typical $10mil / year guy for $8mil/year and inline with their cap.
by TomHamilton30 on Feb 19, 2009 2:47 PM EST reply actions 0 recs
The issue is that what other teams want, we’re not in a position to really offer. Everyone wants expiring contracts; outside of Ray Allen, what do we have?
What I think might happen to work in the C’s favor is fewer teams stepping up to the plate to offer megadeals to free agents. Guys who might have been able to get $8M or $10M/year under different market conditions could become 3yr/MLE-level guys.
If they’re willing to spend money to rebuild some youth, there may be more and more teams doing the Phoenix thing and selling their draft picks (at what point does Stern ban the sale of draft picks?). Maybe you can pick up a pick in the late lottery for $2M or $3M.
From a bigger-picture perspective, this is the kind of economic climate that could well precede real contraction. If the world does not need Bear Sterns and Lehman Brothers, does it really need the Memphis Grizzlies? Could a team like Memphis just close down – file for bankruptcy, whatever? I can’t imagine a lot of prospective owners waiting in the wings to make a takeover offer.
by theBird on Feb 19, 2009 5:11 PM EST reply actions 0 recs
Thge recently released news of the salary cap....
lowering by over a million next year and possibly even more significantly the year after that is going to make getting any type of player that can come opff the books even that more valuable as teams scramble to get even lower than they had originally expected.
As long as Boston can remain healthy, fiscally, they stand a very good chance of getting something very good for their expiring deals as well as landing promising free agent deals with their MLE because teams the market will be lowering very significantly, salrywise, for the next several years, possibly. It could make a player like Josh Childress, if he returns, extremely affordable as well as players like Rasheed Wallace, Zaza Pachulia, Kelenna Azubuike, Marcus Camby, Trevor Ariza, Hakim Warrick, Andre Miller, Hedo Turkoglu, Joel Pryzbilla, Roger Mason, Brendan Haywood and maybe even Carlos Boozer.
A market where the NBA starts hurting seriously could ratchet down salaries to the point where someone handing out a fully loaded 5 year MLE could become extremely attractive to players once thought untouchable for the Celtics just 3 months ago. If they repeat as Champions and in a dwindling market have money that other teams much less likely at winning a championship have as well, Boston as a destination for Championship starved free agents could become very enticing.
by nickagneta on Feb 19, 2009 6:28 PM EST reply actions 0 recs
Not True
In the beginning of the post he said the Celtics will for sure win it all this year. i dont think they will. even if they do get by the Cavs they will face a much better and angrier Laker team than last year. the Lake Show has gotten WAY better while the celtics have gotten worse with the loss of james posey. The Lakers will win it all this year. and if you dont like that logic then the celtics have not beaten the Lakers this year. and im not sure but i dont think theyve beaten the Cavs either
by celtics111 on Feb 19, 2009 6:42 PM EST reply actions 0 recs
They are not the best team out there.
the Celtics are the second or third best
by celtics111 on Feb 19, 2009 6:43 PM EST reply actions 0 recs
There will be a lot of competition just before 2010. There’s what 18 teams that are scheduled to be below the cap that year? That’s a huge number of expiring contracts floating around.
Lots of those teams will be looking at possible trades just as hard as free agency as a possible avenue to improve their team.
The team with the best chance of coming away a winner amidst all that competition, is the team who have quality prospects and are willing to give them up. Is that team Boston? Probably not.
by Who on Feb 19, 2009 8:21 PM EST reply actions 0 recs
Maybe you talked too soon
And I heard Thursday that the storied Celtics, they of the 17 championships and top-five in attendance, may nonetheless be one of the teams that partakes from the league’s new $175 million line of credit, which SportsBusiness Journal reported this week would be used by half of the league’s 30 teams to help pay existing and future bills.
http://www.nba.com/2009/news/features/02/19/aldridge.roundup/index.html
This doesn’t surprise me. I was told that the Celtics didn’t turn out a positive net profit last season and the franchise was highly leveraged.
I just hope you got the winning it all is inevitable this year prediction right for a change…
by cordobes on Feb 20, 2009 1:28 PM EST reply actions 0 recs
right for a changeā¦
What ther hell is that supposed to mean?
by nickagneta on Feb 21, 2009 5:03 PM EST up reply actions 0 recs
You predicted an inevitable win over the Lakers in our last game as well, haven’t you?
by cordobes on Feb 22, 2009 7:31 AM EST up reply actions 0 recs
The phrase "right for a change"...
denotes that the user believes that the person he or she is using the phrase about is wrong most of the time. Hence, the change being that instead of being wrong that he or she is right this time.
I’m a lot of things but when it comes to basketball, my predictions are far from wrong most of the time. I predicted a Celtics win against the Lakers and was wrong that time but I have predicted many things over the last two years on this blog and been 100% accurate a very large amount of the time.
I find your use of that phrase as being insulting.
by nickagneta on Feb 22, 2009 9:43 AM EST up reply actions 0 recs
As someone said, no expiring contracts…besides Ray. Which is why it’s likely he gets moved to a smaller market that has some longer contracts they are worried about paying.
by Fan from VT on Feb 20, 2009 9:48 PM EST reply actions 0 recs
Championship Inevitable????
Was this written before we lost to San Antonio and LA Lakers on our homecourt?
KG is injured and judging by reading the news, he could be less than 100% at playoff time. Rondo has turned into a top notch player. Perkins is solid. Ray and Paul will get theirs. Off the bench is Powe, BBD, Gabe Pruitt, Eddie House, and Scalabrine. The bench is average at best. I think we will add people since we cleared two roster spots for (Cassell’s and POB). I believe we will receive Joe Smith and either Jason Williams or Stephon Marbury (I pray to God he has reformed). If this happens we have a chance (to repeat).
2009-2010 will shape up as one of the most interesting in the history of the NBA. The recession will be felt in full force as advertising revenue and luxery suite revenue from corporate America dries up. Plus I expect a reduction in season ticket renewals to plummet as some fans will lose their jobs [This happened to me back in 1982 when I got laid off from Stone and Webster in Boston and consequently relocated out of state and I have still not returned home. So my road trip is 27 years, 4 cities, 2 marriages, and 3 children and counting.] .
I see this year being not unlike 1987 where injuries and attrition stopped us that year and unfortunately we never got it back. I also see it being like 1982 where Cleveland stops us in seven games.
Boston Celtics - 2008 World Champions
by QuinielaBox on Feb 21, 2009 11:51 PM EST reply actions 0 recs
Thinking this over a bit, there is one area where the combination of economic and NBA markey forces could really work to out benefit.
Think about the guys who are going to be unrestricted free agents THIS summer. Talented players, but not guys that you necessarily would make the face of your franchise. Guys that typically might command $8M – $10M per.
How many teams are going to be willing to spend that much money in the face of a terrible recession AND with a premier free agent crop coming up in 2010? You know that teams like the Knicks won’t be spending a dime next summer. Everyone’s geared up for 2010, so there could well be some very talented players available at MLE-level contracts. Guys who might command the full MLE typically might only get part. Players might settle for short-term contracts to get back on the market when things might be better.
Skimming the list real quick, I’m thinkig guys like:
‘Sheed, to play alongside his buddy KG and Perk
McDyess (at less than the MLE)
Mike Bibby (probably not; he’ll be looking to start)
Andre Miller (same deal; probably looking to start)
Ben Gordon (wants to get paid, but he won’t; sign him and MAYBE trade Ray Allen, or have an exceptional 6th man)
Iverson (he might get paid since he should be able to sell tickets; Danny did look to trade for him before; would also likely precipiate a Ray Allen trade)
Varejao; energy guy in the frontcourt
Odom
Trevor Ariza (I doubt LA lets him go, but he’d be great as a defensive-minded 6th man
I’m sure one or two of these guys will get a decent contract offer, but I bet there are very, very few players who get deals much above the MLE next season. That should put us on a fairly level playing field, and if ownership IS willing and able to spend some money, the guys on this list would help fill particular roles on our roster.
A guy like Ben Gordon’s got to be kicking himself more and more each day – turning down so much money (more than he was worth at the time) to become a free agent at a time when the economy is in shambles and nobody wants to blow their chance of getting a superstar in ‘10. And, maybe Danny wagers that brining in someone like Gordon or Iverson (if they’re available at the MLE) lets him do something interesting with Ray Allen’s contract, which I think could be one of the most valuable trade assets of next season (expiring AND he helps you win today).
by theBird on Feb 22, 2009 2:30 PM EST reply actions 0 recs

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