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re: Shooting Guard Options
Posted on 6/17/11 at 8:19 am to Fun Bunch
Posted on 6/17/11 at 8:19 am to Fun Bunch
quote:
I'm not convinced that Ziko knows a damn thing.
Chad Ford says Minnesota has interest in Gasol too.
quote:
Matt (Minneapolis)
What the hell are the T-Wolves gonna do? Any idea?
Chad Ford (1:04 PM)
Hoping a trade comes along ... they've been playing it cool. Not initiating any trade talk. Keeping up the public face that they're keeping the pick. But I think they'll move it if they get the right pieces. They have a lot of interest in the Lakers' Pau Gasol. Also might bite if Wizards offer JaVale McGee. They want long, athletic players to run the floor with Rubio.
LINK
Sounds like trade talks are heating up around the league.
quote:
vlad (pdx)
Do you see any draft night trades happening??
Chad Ford (1:16 PM)
I think there will be a bunch. Teams are telling me that trade talk really started picking up on Tuesday. Cavs are looking at potential deals using the No. 4 pick and either Baron Davis or Ramon Sessions. Jazz looking for deals. Would be open to discussing Paul Milsap or Devin Harris. Wizards looking to add talent around John Wall. Pistons are being active. Rockets have been very aggressive (as they often are). Bucks have made draft day trades past 2 years and are being aggressive again.
...I think just about everything is on the table for the Pistons. For the first time in two years, Joe Dumars no longer has his hands tied. They've going to be active. Gordon, Hamilton are their trade chips.
...From what I can gather, everyone in Houston is on the table. Everyone. It's a good strategy. I don't think the Rockets are married to moving up. Nor are they married to getting vets. They're just looking for the best possible deal. I wouldn't be shocked to see Kevin Martin or Luis Scola moved.
...I think the Lakers will be very active this summer. If they won't trade Bynum ... Gasol is their next best chip.
1
Posted on 6/17/11 at 9:35 am to TigerinATL
I don't think we would be involved in any significant trade talks. As undersized as he is, I would love to get Kevin Martin.
Posted on 6/17/11 at 1:32 pm to Hank Marducas
Someone close to the negotiations told me this. Regardless, anyone who followed the story could surmise this much:
Chouest had multiple chances to take wheel. Each time, he didn't. Stern tried to close with him last August and Chouest wouldn't pull the trigger. Ergo Gary wants no part of being majority owner.
As for "small market" hating the term doesn't change the facts. Lakers get $100 million per year on tv rights alone. Hornets get $10 million. Which team would you rather own?
Hope a new cba changes that and it turns to more of an NFL model for revenue sharing.
Chouest had multiple chances to take wheel. Each time, he didn't. Stern tried to close with him last August and Chouest wouldn't pull the trigger. Ergo Gary wants no part of being majority owner.
As for "small market" hating the term doesn't change the facts. Lakers get $100 million per year on tv rights alone. Hornets get $10 million. Which team would you rather own?
Hope a new cba changes that and it turns to more of an NFL model for revenue sharing.
Posted on 6/17/11 at 1:38 pm to TigerinATL
NBA took on the debt and only gave Shinn $170 million to get the hell out of there. Add the debt and the total deal came to $300 million or whatever the exact number was.
Almost all of the debt came from loans financed through the NBA to keep the franchise afloat.
Almost all of the debt came from loans financed through the NBA to keep the franchise afloat.
Posted on 6/17/11 at 2:04 pm to corndeaux
quote:
Hope a new cba changes that and it turns to more of an NFL model for revenue sharing.
Read my mind.
Posted on 6/17/11 at 2:13 pm to corndeaux
quote:
NBA took on the debt and only gave Shinn $170 million to get the hell out of there.
Right, so when they sell it again the team will have no debt. I think part of why the NBA stepped in is so that the franchise would sell for $300 million rather than $170 million.
quote:
Chouest had multiple chances to take wheel. Each time, he didn't. Stern tried to close with him last August and Chouest wouldn't pull the trigger. Ergo Gary wants no part of being majority owner.
Maybe not, but at the very least things will have improved enough that it should be easier to find him some other partners. From those financial documents that were released interest on Shinn's debt load were a pretty significant expense. No interest, better lease, and more owner friendly CBA will hopefully be enough to keep the team in town.
Posted on 6/17/11 at 2:57 pm to corndeaux
quote:
Someone close to the negotiations told me this. Regardless, anyone who followed the story could surmise this much:
Chouest had multiple chances to take wheel. Each time, he didn't. Stern tried to close with him last August and Chouest wouldn't pull the trigger. Ergo Gary wants no part of being majority owner.
That's just one assumption. Another is that he doesn't want to inherit a franchise that's hemorrhaging money.
quote:
As for "small market" hating the term doesn't change the facts. Lakers get $100 million per year on tv rights alone. Hornets get $10 million. Which team would you rather own?
Last time I checked, Chouest wasn't about to buy the Lakers. And ain't friggin' way you're about to tell me that someone would balk at owning the Spurs or Thunder. Small market =/= non-profitable.
Besides. You want an owner that's about forging the best franchise in the league and committed to that. That often means not putting so much emphasis on the bottom line. Earning money should just be a means to an end, not THE end.
quote:
Hope a new cba changes that and it turns to more of an NFL model for revenue sharing.
That much we can agree on.
This post was edited on 6/17/11 at 2:58 pm
Posted on 6/17/11 at 9:15 pm to TigerinATL
quote:
I thought they made Shinn eat the debt so when they resell it they'll get all the money
i'm not sure how it was paid for (nba or shinn eating it), but i'm pretty sure the debt is gone
Posted on 6/17/11 at 9:17 pm to corndeaux
quote:
Hope a new cba changes that and it turns to more of an NFL model for revenue sharing.
this is doubtful
the lakers sell natoinally. the knicks (when good) sell nationally. the heat sell nationally. the bulls sell nationally
this is how the NBA makes its money
spurs-pistons was bad. really bad. the NBA can't afford 4-5 years in a row of similar finals
Posted on 6/17/11 at 9:18 pm to TigerinATL
quote:
Right, so when they sell it again the team will have no debt. I think part of why the NBA stepped in is so that the franchise would sell for $300 million rather than $170 million.
yeah
the only reason the NBA stepped in was so that the team didn't go through bankruptcy and the hornets sell for $50M + assuming debt. imagine the toll this would have across the small markets of the NBA (the market realizing the values of the franchises is low)
Posted on 6/17/11 at 10:18 pm to TigerinATL
quote:
But I know VERY well that not only Brown, but Sasha Vujacic is also VERY interested in joining the Hornets this summer.
Championship. Hawnits here dey come.
Posted on 6/18/11 at 2:07 am to Eman5805
Small market teams that aren't winners are not profitable. Spurs are winners. Thunder are brand new with arguably the best young core in the league. How are the bucks doing? Or the kings? Wolves? shite just look at the Hornets.
Which is it for Chouest? You want him not to hemorrhage money or do you want him to do what's best for the franchise and eat money?
Dude is a legit billionaire (unlike many other owners who leverage themselves into debt hell, see NFL lockout). He can afford the Hornets. He chose not to buy in.
Which is it for Chouest? You want him not to hemorrhage money or do you want him to do what's best for the franchise and eat money?
Dude is a legit billionaire (unlike many other owners who leverage themselves into debt hell, see NFL lockout). He can afford the Hornets. He chose not to buy in.
Posted on 6/18/11 at 8:29 am to corndeaux
quote:
unlike many other owners who leverage themselves into debt hell, see NFL lockout
you mean the dodgers and mets?
NFL teams aren't leveraged, and they all make money
the only NFL owner who may be in serious debt is jerry jones, but he does have an asset to justify it (jerry world)
Posted on 6/18/11 at 8:53 am to corndeaux
quote:
Chouest will not ever be the majority owner. He very well could buy a chunk of the team if another player comes along, but he will not move into majority ownership. This is a franchise in a small market with 100 million in debt. Someone has to really want to keep the team in NOLA to buy in now.
The team will be sold to the new owner free of debt (except for ordinary recurring costs/expenses), liens or encumbrances.
Chouest is still a possibility, although not the only one.
Posted on 6/18/11 at 11:25 am to SlowFlowPro
I agree that NFL owners turn a big profit. Why then are the owners locking out if they all make excessive amounts of money? They need more. Why?
When I say leverage that means they have hardly any other assets outside their teams. They are wealthy, but their fortune depends on their teams covering their debt. Most of these guys aren't Scrooge McDuck doing the backstroke through money all day long. Benson has hardly any assets outside of the saints. He also has one of the best deals you can imagine with the state.
VOR- Benson is more likely to own the Hornets than Chouest and Benson doesn't have the money. Gary would be a minority owner again, just not the controlling interest. Maybe a new CBA changes things.
When I say leverage that means they have hardly any other assets outside their teams. They are wealthy, but their fortune depends on their teams covering their debt. Most of these guys aren't Scrooge McDuck doing the backstroke through money all day long. Benson has hardly any assets outside of the saints. He also has one of the best deals you can imagine with the state.
VOR- Benson is more likely to own the Hornets than Chouest and Benson doesn't have the money. Gary would be a minority owner again, just not the controlling interest. Maybe a new CBA changes things.
Posted on 6/18/11 at 11:40 am to corndeaux
quote:
Gary would be a minority owner again, just not the controlling interest
Posted on 6/18/11 at 11:43 am to corndeaux
quote:
Gary would be a minority owner again, just not the controlling interest
Has he changed his position? I know, pretty much from the horse's mouth, that he professed to be willing to take a bare majority share, e.g., 50.1%. But he wanted solid investors for the remainder and didn't want day to day responsibility for the team. Perhaps he was just posturing all along. I really can't say I know the man well. And I haven't heard much at all in the last few months. I do agree that the CBA is the key to everything in the NBA and not just in New Orleans.
ETA: Oh, by the way, we all know that if MT5 were to sign to a long term contract, the franchise's value would be enhanced by at least 25%.
This post was edited on 6/18/11 at 12:23 pm
Posted on 6/18/11 at 1:18 pm to VOR
Lol on MT5. Truth. Bring back peja and its dynasty.
You may be right on Gary for 50.1. The key is who is going to assume the other 49.9? Not a ton of local options. Based on what I know, Gary just didn't want the responsibility of such a huge investment, which is perfectly fine and understandable.
You may be right on Gary for 50.1. The key is who is going to assume the other 49.9? Not a ton of local options. Based on what I know, Gary just didn't want the responsibility of such a huge investment, which is perfectly fine and understandable.
Posted on 6/18/11 at 2:29 pm to VOR
Lol on MT5. Truth. Bring back peja and its dynasty.
You may be right on Gary for 50.1. The key is who is going to assume the other 49.9? Not a ton of local options. Based on what I know, Gary just didn't want the responsibility of such a huge investment, which is perfectly fine and understandable.
You may be right on Gary for 50.1. The key is who is going to assume the other 49.9? Not a ton of local options. Based on what I know, Gary just didn't want the responsibility of such a huge investment, which is perfectly fine and understandable.
Posted on 6/18/11 at 5:26 pm to corndeaux
quote:
Why then are the owners locking out if they all make excessive amounts of money?
they want more money
quote:
Why?
they're greedy and they know they can break the players' backs
but really the lockout is owner vs. owner, and they're just using the players as scapegoats
quote:
They are wealthy, but their fortune depends on their teams covering their debt.
which they do. it's hard to lose money with an NFL franchise and a publicly-funded stadium
and they make a shite ton when they sell the franchise
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