TigerinATL New Orleans Pelicans Fan Member since Feb 2005 35187 posts
re: Someone just paid $550m for the Milwaukee Bucks (Posted on 4/16/14 at 3:02 pm to RedRifle)
Benson bought low. Between the new CBA being favorable to owners and the league seeing a resurgence in popularity, team values have risen. On the plus side, if the money is flowing freely the owners are a lot more willing to throw the players a bone in 2017 when they can renegotiate the new CBA. So hopefully we won't see a work stoppage.
LSUneaux New Orleans Pelicans Fan NOLA Member since Mar 2014 963 posts
re: Someone just paid $550m for the Milwaukee Bucks (Posted on 4/16/14 at 3:40 pm to TigerinATL)
This kinda shite with MIL (the least valuable team according to Forbes) fetching $550mm makes expansion more palatable. Imagine what the expansion fee the owners could charge to get into SEA. $650? $700 million?
That's a one time dividend of a cool $23.33 million per owner.