As I understood, Monty didn't want to coach last season with his wife having cancer but couldn't say no to 65 million guaranteed. Good for him. Pistons make another poor decision.
I am surprised that Flipkowski was not picked first round.
https://www.espn.com/nba/story/_/id/...majority-stake
Celtics put up for sale.
Strike when the iron is hot. Looks like the main ownership got in 20 years ago when they were probably in their 40s-50s. Team values are obviously very high now. I think this is an other era where the ownership structure of the NBA is going to fundamentally change. It is still American, and individuals, for the most part and from what I can tell. But we will soon be at a level where Sovereign Wealth and Private Equity funds are going be a large portion of the available ownership capital.
Without watching the video, it seems like Seattle and Las Vegas are foregone conclusions for expansion at this point.
Just so's I could respond to you with knowledge, I listened to all 9 plus minutes. He says Seattle and Las Vegas. Seattle a certainty, and Las Vegas probably. He has zero new insights, or information. Simply regurgitating what he has read elsewhere. I do not think he has a good understanding of business. I would suggest the VAST majority of sportswriters are like him. He guesses Mexico City is the third option.
He suggests that there are both a $5 billion arena proposal, and a separate $10 billion arena/hotel/casino on the Las Vegas Strip. Both privately funded. The $5 billion arena is probably the All Net Arena pipe dream that Jackie Robinson has been pitching for the former Wet' n' Wild location just south of the Sahara. Robinson has been selling this for 15 years with no money or real movement. The $10 billion proposal is probably the Oak View Group's massive complex located down by the South Point Hotel Casino. I recall reading late last year, an attendance projection for this arena that amounted to more than 2 sold out events daily @18,000 per.
He describes Las Vegas as a "Cash Cow". I do not think Las Vegas has enough population to support teams in NHL, NBA, NFL and MLB. The assumption that visitors will the travel to see their favorite team in "Vegas" rapidly dissipates with a game frequency of more than 20 per year. He appeared to state Las Vegas was closer to Denver than California, and didn't seem to realize Las Vegas is in the Pacific Time Zone.
He repeatedly mentions another expansion team in Canada, yet never mentions Montreal. Makes me doubt his knowledge. He continually mentions "maybe Vancouver".
I however, will repeat my opinion that Seattle and Louisville Kentuckey are the two cities.
You heard it here first.
And I will promptly eat crow here if I am wrong.
Louisville IMO would definitely go ape over an NBA franchise and would be among the best small markets.
The KMC 'Yum' arena seats 22,090 for NBA basketball--they could potential be among the NBA's Top 3 attendance getters.
We don't know if the NBA would put Louisville another 'small market' over Seattle or Las Vegas. Louisville has two Fortune 500 companies, similar to OKC.
NBA has New Orleans (58), Salt Lake City (46), Memphis (45), Oklahoma City (42) and Milwaukee (40) as the smallest markets all below 2 million MSA populations. Louisville would fall one notch below OKC at (43).
This is not argumentative....but, can anyone here walk me through the numbers and make it add up? I have heard this "done deal" from Bill Simmons and others for years. I never hear any real numbers about franchise fee, start up costs, arena, local market size and sports dollar saturation, etc. Ownership structure doesn't matter for any team anymore-people with the money will go to any city that is available. LeBron might want to be an owner. But even if he came in with a genuine, real, free cash $100 million, that would give him 2% of a team with a $4 billion expansion fee and $500 million start up costs. Also, take in to account that any expansion team will have to forfeit a substantial amount of the new media rights revenue.
The richest woman in Las Vegas decided that buying the Dallas Mavericks and "betting" on Texas casino gaming would be a better use of her money than a Las Vegas expansion team.
Also, add two teams to the Pacific Time Zone and see how that affects viewing numbers and their value. The Pac-12 died because their late start times were less valuable than the Big-12 Central and Eastern Time Zone start times.
8-10 billion ... owners don't have to share that money with players ..
that is a quick cash payment of 300 mil +/- to each owner ship team ..
and the new media deal goes from 1/30 owners share to 1/32 owners share .. (expansion teams won't forfeit any media revenue )
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