The Boston Celtics are facing financial challenges as they exceed the NBA's second apron threshold. Wyc Grousbeck, the team's governor, highlighted that while the Celtics are a costly team with multiple high-salaried players, the penalties for overspending are more nuanced than just luxury taxes. Rules implemented in the new CBA restrict how teams manage their rosters and finances, including restrictions on trades and player signings when over certain salary thresholds. With substantial extensions for star players, the Celtics may need to rethink their financial strategies.
The basketball penalties that come with being in the second apron include not using mid-level exception to sign players and restrictions on trades.
Wyc Grousbeck emphasized that the current NBA rules restrict how teams can operate financially to prevent excessive spending.
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