Nextiva’s Post

Ownership needs to make some decisions

Celtics are on the block after taking NBA title. The team’s ownership group, Boston Basketball Partners LLC, has decided to sell the franchise for estate and family planning considerations, according to a Celtics statement. The owners expect to sell a majority interest this year or early 2025, with the remainder closing in 2028. The Celtics are going on sale at a time of surging valuations for pro sports teams. That’s prompted more franchises to sell minority stakes or offer up control. In the past year, the NBA alone has seen three franchises change hands, with the Phoenix Suns, Charlotte Hornets and Dallas Mavericks all going for $3 billion or more. Sportico values the Celtics at $5.1 billion, the fourth-highest in the league. The current ownership group, led by Wyc Grousbeck and including Stephen Pagliuca, bought the team for $360 million in 2002. #estateplanning #premiumfunding #lifeinsurance #premiumfinance #taxstrategies #estatetax #PPLI

I like this video. The Bulls were one of the most dominating franchises in sports history for a period of time. I particularly like Dennis Rodman and the role he played on the team. There are three great lessons here: 1. To win you need a combination of the right talent. 2. Every player does not need to be the best in everything, but star players and coaches do need to bring in the right teammates to get the job done. 3. Know what your strengths are and be the best at what you do. This will cement your place on a winning team as long as there is a need.

The Ultimate NFL Draft Strategy: Avoiding Disappointments and Finding Franchise Stalwarts! Discover the key to building a successful NFL team through the draft. We analyze the track records of past picks and uncover the ratio of stars to busts. Join us as we explore the impact of drafting decisions on team success. #NFLDraftStrategy #BuildingAWinningTeam #FranchisePlayers #NFLDraftAnalysis #TeamSuccess #DraftPicks #FutureStars #BustOrBoom #NFLDraftHistory #BuildingAGreatTeam

It's not surprising that the NFL--BY FAR the most competitively balanced league in professional sports--is the most valuable on a per-team basis. But to also have 30 of the top 50 most valuable franchises worldwide? Wild. Whether we like it or not, the parity trend we're seeing (F1 car redesigns, CFB realignment, push for European Super League, etc.) is only just beginning. Too much value on left on the table otherwise. https://lnkd.in/gZsxMirQ

My 2 cents as a lifelong Basketball fan. You guys need to examine your player development program, as well as your player acquisition strategy. Drafting a bunch of top picks ain’t going to cut it. Not in today’s NBA. Some of these top egos don’t care anything about Pistons, its history or culture. Think of the “Steel Curtain” with the Pittsburgh Steelers “Heat Culture” with the Miami Heat Those players ascribe to a certain professionalism that comes along with playing for those teams. Heck, look no further than under your own roof with the “Bad Boy” Pistons 💯 If that’s not the attitude around your team or in that building, then you need to reevaluate the people around the organization. Period. No more collecting top picks and catering to top egos. That’s a recipe for prolonged disaster. 💯 #nba #basketball #detroit #pistons #teambuilding #culture

Check out my latest article for BVM Sports!

As NBA teams appreciate in value, they also become harder to hand down to future generations due to tax purposes and league-level ownership rules. Sportico wrote about this topic in depth two years ago in a series about NFL owners and their estate planning. https://lnkd.in/eA7iqgEK #estateplanning #assetprotection #westernmass #northshore

Selfless leadership and full team commitment yield great results.

Dolphins leaning towards letting Christian Wilkins hit free agency rather than applying franchise tag? Check out the latest regarding Wilkins & multiple takeaways from the 2024 NFL Scouting Combine! #FinsUp #MiamiDolphins