00:00that private equity stuff is bs like i mean we'll get into it later yeah but private equity
00:08ownership in uh in sports teams could end up ruining the sport because there's so much
00:14there's not incentive to win it's it's all about your investment i mean there's less patience
00:19so if you don't really know i guess we'll get into it for a minute here is that bill chisholm
00:24he is the face of ownership there you go and but in reality there is a group called the sixth
00:31street
00:31private equity group that helped him buy the boston celtics but the kind of deal that they
00:36ended up having to put together ended up giving a ton of power to this group of investors so like
00:42they have a huge say into what kind of moves are being made now what does it mean if a
00:47private
00:47equity group ends up running a sports team well it obviously means that it's more of an asset than it
00:52is like a love of the game this isn't a mark cuban i love this team i got billions of
00:57dollars
00:57i'm gonna invest whatever it is into because i'm an actual fan no it's about the bottom line and
01:01with the private equity group when it owns a team there's less patience which usually means that it
01:06encourages flipping veterans uh avoiding any kind of long-term contracts which of course we knew that
01:13jalen brown had on the horizon same thing that if you were to get yannis here it would have meant
01:18you
01:18have had to extend him as well go to baseball roppy devers see ya too much money you know that
01:23kind
01:23of thing absolutely baseball um also um team evaluations mean more than banners so like if
01:31you take a look at it the celtics are worth six billion dollars okay that you know when they just
01:35made that sale was six billion dollars well the phoenix suns went for four billion dollars and right
01:39now expansion fees the the value continues to go up even if you don't win the value of all of
01:45these
01:45teams is going up so if your investment doubles in five years regardless of championships winning
01:51isn't the only way to create value the ticket prices are going to tend to go up so it doesn't
01:54matter as much as it does to somebody who truly is invested in wanting a team to win and also
02:01cut
02:01cost cutting that is the number one thing in the private equity handbook and what did we just see
02:08right here for the past two years what did the celtics do they certainly did last year when they got
02:12vuce vucevic in and traded off simons got below aprons however in this trade it wasn't that obvious
02:17because you're getting a guy who has almost equal money to jaylen but they're not going to extend
02:22them that's why it's because they did not want to extend jaylen brown right and and if janice was going
02:26to be here they would have had to have given him an extension too but it's probably a two-year
02:30deal
02:30right okay two years is there any chance he opts out i mean i hope so but i yeah i
02:34doubt it
02:35but it but it but next year it makes his because an expiring contract more tradable so it's so yes
02:42he could but i think it's just it's a more enticing article uh contract to be traded after next year
02:48um and so i think that's why it was an attractive uh contract to get paul george here but for
02:53bill
02:53simmons to break this on his podcast that yannis was ready to sign off on a trade to boston but
03:00the
03:00celtics refused to give him the three-year max extension that he wanted and were only willing
03:04to offer two years that goes in line with their two-year threshold whatever it is is just stunning
03:10because that's the piece of missing information we had here it was like do jaylen and jason hate each
03:14other this much or what's going on behind the scenes well maybe it is sixth street and financial
03:19driven like they have a two-year model we don't go to three years we can only go to two
03:23years and it
03:24cost them yannis it cost the banner 19 and now they have to deal with the fallout that we're facing
03:29and the problem with private equity is we don't know who to blame now i mean the face of of
03:34the
03:34private equity is is chisholm but he really you know from what we're learning doesn't have
03:41ultimate power you you should be really scared as a celtics fan that it seems like this team
03:48is no longer run by a guy like wick who in that year they won the championship what did he
03:53do
03:53that mother effer went all and no it wasn't his money he might be the last we found out
03:58but still he might be the last great owner this town will ever see you might be right it's true
04:03because i mean henry has completely changed his philosophy but in this case you had wick grouse
04:08back and his dad and his dad's money just all the chips on the table and they won a championship
04:13and ever since this private equity has taken over the celtics look what we're getting cut cut cut cut cut
04:20no investment no investment in the future give me paul george because we know we're not going to
04:25extend him and a bunch of crap picks that aren't going to be worth anything because the sixers are
04:28going to be good for a long time let's go to uh cam on line one cam what's up buddy
04:32how you doing
04:33hey guys how you doing today i'm not doing well with hearing about this trade um just um i understand
04:40that jalen brown's contract is hard and he's not a top five to eight player and his money that he's
04:45getting somewhat indicating that but what i want to say is like why didn't they trade jalen brown
04:51in august and really wait this out why did they trade him so much right now for really in my
04:55opinion
04:56one pick because paul george's contract is terrible one of the worst in the league and you have to give
05:01away a pick just for that contract i just want to know your thoughts on why we had to trade
05:04jb
05:05so early it's a great question cam because you could have traded for paul george at the deadline he's
05:10not going anywhere they can't get rid of him these picks are three years away this trade could have
05:14happened any time in the next six seven eight nine months when you say it's right trade that i just
05:18know people are saying like you're talking early february's when the trade deadline yeah so you play
05:21half a season the only thing i only thing i could come up with when uh when i've been asked
05:26that my
05:27question to myself is just this story it just was gonna get bigger yeah bigger and bigger and i just
05:34think it was just such a big story already yep to wait another six weeks or to the trade deadline
05:40it would have made kind of i think this untenable uh just it would have been a tough tough kind
05:45of
05:45thing to navigate this story for that long well my hope is there's another shoe to drop that they're
05:50going to move some of these assets for another piece i hope i maybe manix has some info on this
05:55i'd be curious i feel like we would have heard that because it's such bad press right now i think
06:00to
06:00kind of lighten some of it we would have heard if they are going to use this to do something
06:04else
06:04but they haven't heard any but they can't but none of this can be official until monday at 12
06:08which sucks because brad stevens can't talk and all we can do is cross our fingers that paul george
06:13doesn't pass that physical which is a possibility that would be nice
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