Celtics in Financial Trouble?
NBA.com's David Aldridge published an interesting piece on the trade deadline and had this to say about the C's:
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.
9 months ago
cordobes
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Here’s another paragraph from the same article:
(An aside to various coaches, GMs, team presidents, etc.: If I’ve called you in the last couple of weeks, looking for info and the truth about your teams, and you blew me off and didn’t return my call(s), don’t make the face-saving call Friday morning like it’s all good. I always remember who came through and who left me hanging. I’ve been around 20 years and I’m going to be around a long time. Just food for thought.)
Am I the only one who thinks it’s kind of weird to see things like these published in the NBA official website?
by cordobes on Feb 20, 2009 1:50 PM EST reply actions 0 recs
Yeah that is a little weird and quite snarky.
When Perk was asked what he thought of Howard winning the gold medal this summer, he responded: "What’s his impression of me after I won a ring?"
by Green17 on Feb 20, 2009 3:14 PM EST up reply actions 0 recs
the word “unprofessional” comes to mind as well.
by Berkcelt on Feb 20, 2009 3:57 PM EST up reply actions 0 recs
Why can't this
happen to the Yankees?
by The Real Large James 2 on Feb 20, 2009 3:24 PM EST reply actions 0 recs
Not just the C's but NBA in general
Think that some of the players and execs could get by on a little less, and just forego the bailout? Oh, right, the league won’t let them . . .
by Thruthelookingglass on Feb 20, 2009 5:34 PM EST reply actions 0 recs
i don't think. . .
it’s that big a deal. if the interest rate on that line of credit is low enough, even a team operating at a huge profit would be wise to use the loan money. it’s a smart move for tax purposes. not luxury tax of course, but actual IRS taxes.
by MetroGlobe on Feb 20, 2009 6:51 PM EST reply actions 0 recs
really interesting stuff.
Perhaps this is the reason Ainge had such a horrid summer.
by CoachBo on Feb 20, 2009 7:20 PM EST reply actions 0 recs
there’s no question in my mind that finances are driving ainge’s decisions these days. wyc talks a lot about doing whatever it takes but starting with posey last summer it’s pretty clear that you have to add " as long as it make sense financially" to “whatever it takes.”
by Red2 on Feb 21, 2009 8:51 AM EST reply actions 0 recs
“As long as it makes sense financially” must be Latin for “Danny, take the cheapest route.”
I wonder if Grousbeck still thinks O’Blount and Turnover Tony still make sense financially.
by CoachBo on Feb 21, 2009 6:23 PM EST reply actions 0 recs
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