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Posted on 2/25/11 at 7:17 pm to TEXASTIGER22
even though deadline over I still feel like somebody is coming on soon. All the drama at Detroit makes me think maybe the reason why Demps backed out of the deal because one of them might be bought out.
Posted on 2/25/11 at 7:50 pm to Smedium27
quote:
even though deadline over I still feel like somebody is coming on soon. All the drama at Detroit makes me think maybe the reason why Demps backed out of the deal because one of them might be bought out.
I wouldn't want Rip but would at least listen if Wilcox, Prince, or Wallace were available.
The story about Rip almost being traded to Cleveland doesn't sit well with me, as he didn't think his buyout was enough but balked at being a starter and getting his full money there.
Posted on 2/25/11 at 7:52 pm to Smedium27
quote:
Demps backed out of the deal
The deal would have put us slightly over the tax so it was rejected.
Posted on 2/26/11 at 10:52 am to eyeran
quote:
If he has a point than the Hornets should just forfeit the rest of their games and be contracted now
not taking on money isn't the same as contracting
and i was curious as to how the league could justify taking on salaries from an insolvent organizzation
Posted on 2/26/11 at 10:53 am to Colonel Flagg
quote:
The only thing to consider is if the league allowed a certain payroll and money to increase the value of the teams to a future ownership group.
"the league" is nothing more than a collection of owners. they're the ones who all collectively own the hornets, and it was their money used to buy the team
obviously, this payroll and flexibility was not run by cuban before his money was used to bail out the hornets
Posted on 2/26/11 at 10:55 am to eyeran
quote:
If we cant pick up a few million in salary while still being under the luxury tax, then we arent competing on the same playing field.
the hornets shouldn't be competing on the same field. i mean we are the only team without a fricking owners
quote:
And if thats thte case, the league made a terrible decision buying the team and we shouldnt be playing games at all.
they only bought the team to hopefully preserve the values of their franchises, not to help the hornets out
Posted on 2/26/11 at 10:56 am to Jester
quote:
You always have to spend a little if you want to make a little.
when the hornets opened up the payroll they completely arse fricked their franchise
Posted on 2/26/11 at 10:57 am to VOR
quote:
league ownership of a team would truly be a sham.
league ownership of a team IS a fricking sham
Posted on 2/26/11 at 11:02 am to gorillaballin
quote:
it takes a dollar to make a dollar
i think the last thing a potential buyer of a bankrupt asset wants to see is more liabilities added on to that asset
however, this is a short/long con kind of thing. i'm pretty sure landry is west's replacement and we're letting west walk this year. that will likely save $5-6M per year and a total liability of $25M+
Posted on 2/26/11 at 11:06 am to SlowFlowPro
quote:
and i was curious as to how the league could justify taking on salaries from an insolvent organizzation
This is just like flipping a distressed house, only the league was already a partial investor in the property so there is extra motivation to sell it for a good price. Those financials that were released show ticket sales (revenue) didn't really increase to profitable levels until after the magical playoff run of 07-08, not during that season. This team needs to make a little noise in the playoffs to sell high locally which means allowing them to improve the roster.
This post was edited on 2/26/11 at 11:09 am
Posted on 2/26/11 at 11:12 am to TigerinATL
quote:
This is just like flipping a distressed house, only the league was already a partial investor in the property so there is extra motivation to sell it for a good price
but the salary we took on was short-term, unless my theorized plan to let west walk and replace him with the cheaper landry is correct
quote:
This team needs to make a little noise in the playoffs to sell high locally which means allowing them to improve the roster.
but the hornets aren't profitable year in, year out with their current salary levels
keeping west and landry is the only way to project the value you're claiming, but unless we could guarantee a playoff run every year with them, then we wouldn't be moving towards profitability
i doubt we keep landry and west (esp west. he likely will want too much and, more importantly, too many years). so that extra salary we took on is just going to be millions guys like cuban have to pay
Posted on 2/26/11 at 11:18 am to SlowFlowPro
Aren't 4 year contracts expected to be made as the longest for new contracts.
West would be 34 when that contract is up. His game isn't based around athleticism at all. So that's no biggie IMO.
West would be 34 when that contract is up. His game isn't based around athleticism at all. So that's no biggie IMO.
Posted on 2/26/11 at 11:23 am to SlowFlowPro
quote:
keeping west and landry is the only way to project the value you're claiming, but unless we could guarantee a playoff run every year with them, then we wouldn't be moving towards profitability
I think if you can keep this core together and improve it with FAs, injury is the only thing that keeps them from being a regular playoff team. The 07-08 team falling apart due to injury is what derailed the team's ticket sales last year and owner/CP3 uncertainty is what killed them this year. If the Hornets make noise in the playoffs and CP3 keeps saying he loves his coach and they are the best in the league I see no reason to think ticket sales won't be strong going forward.
quote:
so that extra salary we took on is just going to be millions guys like cuban have to pay
First, someone threw out some quick prorated math in an article I saw saying the prorated amount would be less than $30k per team, so "guys like Cuban" aren't losing millions over Carl Landry. Second, Stern has planned to sell this team for a profit from the beginning and I believe he'll get it. He'd prefer to get it from local owners but worse comes to worse Larry Ellison will always be there. The owners will get their money back and then some so Cuban has no leg to stand on. I understand why he went into whiny bitch mode, it actually helps his team so he was being a good owner, he just had to look like a whiny bitch with a stupid argument to do it.
Posted on 2/26/11 at 11:45 am to SlowFlowPro
quote:
but the hornets aren't profitable year in, year out with their current salary levels
They'll be much less profitable if they go cheap and CP decides to walk in a year and a half. I know it's definitely possible he does that anyway, but letting West walk to save money will guarantee it.
And I think with the shakeup in the West over the last year or so, the Hornets CAN be in the playoffs year in, year out with this squad. This year's playoffs for the Hornets will be amongst the most important for any NBA team ever. Winning a series and being competitive in the 2nd round will go a long way in keeping the team together and keeping them in New Orleans. I know that selling out a Wednesday game against the Clippers (even with Griffin/post AS break) is a really good sign.
Posted on 2/26/11 at 12:03 pm to TigerinATL
quote:
I think if you can keep this core together and improve it with FAs, injury is the only thing that keeps them from being a regular playoff team.
how can they improve this team through FA?
no cap room, no money to spend also
quote:
The 07-08 team falling apart due to injury is what derailed the team's ticket sales last year
that year is the outlier
peja, chandler, west, and cp3 were relatively injury-free (shocker for 3 of those 4) and played at elite levels
quote:
Second, Stern has planned to sell this team for a profit from the beginning and I believe he'll get it.
i don't
it's not about selling for profit. it's about making sure somebody didn't buy this team for $75-100M (with some debt assumption) and frick the values of all other teams
THAT'S IT
it's not about the league. it's not about the hornets. it's not about nola. it's to ensure that there wasn't a domino effect in miluake, sacremento, cleveland, charlotte, minnesota, etc which would deflate all NBA franchise values by 30-50%
Posted on 2/26/11 at 12:06 pm to THRILLHO
quote:
They'll be much less profitable if they go cheap and CP decides to walk in a year and a half.
possibly, but i don't see the hornets being that profitable in the long term anyway
if winning alone won't cure the popularity problem, and it's all cp3, then the hornets will be gone in 3 years
Posted on 2/26/11 at 12:27 pm to SlowFlowPro
quote:
THAT'S IT
That may have been why they got in, but the question now is where do you go from here. The answer appears to be
1) Let the team improve within reason, thus the approval of the Landry trade but disapproval of taking on Rush's salary which would have put them slightly over the tax threshold.
2) Bully the local/state government into more concessions for the team.
3) Threaten to contract the team to get a better CBA.
4) Sell the team back to Chouest and an investor group with a more favorable CBA, better lease, and improved corporate sponsorship and season ticket base.
5) Get back all the money Shinn owed you plus a $10 - $15 million premium over the $300 million Chouest previously agreed to for the franchise before it was flipped for the better.
Posted on 2/26/11 at 12:32 pm to SlowFlowPro
quote:
how can they improve this team through FA?
no cap room, no money to spend also
Because what needs to be upgraded is Green/Belinelli. A quasi star would be nice but really a consistent starter is all that's needed.
quote:
peja, chandler, west, and cp3 were relatively injury-free (shocker for 3 of those 4) and played at elite levels
CP3/West/Okafor seem up to the challenge. They do need another consistent starter but the top tier defense makes them dangerous even without a legit starting SG.
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