Boston Celtics' owner Wyc Grousbeck Stepping Down from Lead Governor Role

Boston Celtics' owner Wyc Grousbeck Stepping Down from Lead Governor Role

The Boston Celtics are set for a significant change in leadership, as Wyc Grousbeck sells his majority stake in the team to Bill Chisholm. Despite the shift, Grousbeck will retain his title as CEO and become an alternate governor when the sale is complete, ensuring his continued involvement in the day-to-day operations of the team[1][3][4].

This move mirrors the role of Mark Cuban, owner of the Dallas Mavericks, who also holds the title of alternate governor after selling his majority share in the franchise. Cuban, like Grousbeck, stepped back from day-to-day ownership control following the sale[2][4].

The sale, expected to be finalized within the next week, will see Chisholm acquiring at least 51% of the team upon approval by the NBA's board of governors, marking a new era for the Celtics[5]. Notably, the Boston Celtics have agreed to a two-part sale, with Chisholm buying out Grousbeck's shares in stages[6].

In the wake of the sale, the Celtics have made some notable moves to reposition themselves as title contenders. The team has traded Georges Niang and two future second-round picks to the Utah Jazz for rookie RJ Luis Jr., reducing their payroll by $50 million[7]. As a result of the trade, the Celtics dropped $1.7 million above the first apron and $10.2 million below the second apron[8].

The Celtics have also bolstered their roster with the signing of Chris Boucher, who agreed to a one-year, $3.3 million contract after the Toronto Raptors decided to let him walk this summer[9]. With their core of Jaylen Brown, Derrick White, Payton Pritchard, and the anticipated return of Jayson Tatum, the Celtics hope to challenge for the title in the upcoming season[10].

The Celtics, under the leadership of Grousbeck for the past two decades, have been a dominant force in the Eastern Conference. They have made six of the last nine Eastern Conference finals and won two championships during the 2002-2025 period, one in 2008 and one in 2024[11].

Grousbeck and Chisholm have reportedly had discussions about aligning their goals and extending the window of the team[4]. With Chisholm's plans with Wyc and Brad Stevens making perfect sense to him, the Celtics are poised for continued success in the future[12].

References: 1. ESPN 2. HoopsHype 3. NBC Sports Boston 4. The Athletic 5. Boston Globe 6. Forbes 7. ESPN 8. Boston Celtics 9. ESPN 10. NBC Sports Boston 11. Boston Celtics 12. The Athletic

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