2017 NBA OFFSEASON

i agree there's a big difference; what i'm saying is that the ownership groups that bought in at 500 mil likely have different profiles than the ownership groups that are buying in at $1-2B. again, someone needs to share a good reason why this ownership is higher risk other than "oh that's a big number."

the cavs losing $40M is not shocking at all; gilbert is nuts and a lousy manager but i've never heard a suggestion that he cared about the bottom line if they were winning.

you're paying a lot more interest on $2B than $500M!

not me i pay the same

wow no wonder you have 2 billion dollars

and it's a lot more likely that this deal was financed with debt than straight cash homie like ballmer given the net worth of this guy. i imagine with an ownership group there's probably more cash up front since each owner is not investing 70% of their net worth

why are we not sitting in a circle praying for the downfall of the wealth class yet

― Rob Lowe fresco bar (m bison), Tuesday, September 5, 2017 10:11 PM (nine minutes ago) Bookmark Flag Post Permalink

force the super wealthy to buy all the NBA teams, but without any operational input whatsoever. they have ceremonial duties like the queen of england. the teams are publicly run, tickets are steeply discounted, and owners have to buy their own stadiums

oh and players take a huge pay cut too but cry me a river

and it's a lot more likely that this deal was financed with debt than straight cash homie like ballmer given the net worth of this guy. i imagine with an ownership group there's probably more cash up front since each owner is not investing 70% of their net worth

― 龜, Tuesday, September 5, 2017 10:24 PM (five minutes ago) Bookmark Flag Post Permalink

yes, absolutely! you keep saying things that are true without explaining why this is a high-risk transaction. vivek bought the kings for $500M+ against his net worth of $700M b/c his slew of minority owners stabilized the finances while making the team extremely hard to govern. is that preferable?

actually a real lol is that fertitta tried to buy the rockets for $81M 25 years ago and lost to les alexander by $4M.

it's high risk because outside of the ballmer sale there hasn't been any other billion plus, let alone $2 billion plus, valuation of a NBA team. prior to that you had the kings record setting sale that valued them at ~$550 million (ps vivek's group only bought a $350 majority stake so they would have had to share in the ownership no matter what). after the ballmer sale you have the hawks selling for $900m and i think that's it?

if the rockets buyer was a guy who paid straight cash like ballmer then we wouldn't be having this conversation. but since he's not, and if it's v likely that he's financed this with a lot of debt given his personal net worth, then you gotta ask can the rockets as a business pull in enough revenue to service the interest on $1B or $2B or w/e he borrowed to buy this franchise, when it seems like most other owners have not, before and after ballmer, valued franchises at levels anywhere near $2.2B

yes, agree w/all that, part of it is thinking that fertitta's finances were reviewed and there was agreement that this would be workable, part of it is that if this is how nba franchises are valued now you can't really wait around for the next ballmer b/c there are only like 10-20 of those guys in existence (in the usa) and how many of them want to own nba teams? also obv the local connection is treasured both by alexander and by the league who gave the SAC group and the NOLA ownership a leg up b/c they were not going to move those franchises.

it would be a *disaster* for the nba if this ownership became insolvent anytime soon so i'm going to think they know what they're doing until there's evidence otherwise.

a more likely outcome than this ownership outright failing is the carte blanche and open wallet that morey's had for years suddenly disappearing due to cost pressures; i would understand that but it would be sad b/c alexander's tenure was possibly one of the best ownership runs i've ever seen.

from a strict outsider standpoint the rockets have been an aspirational franchise and i hope that continues.

ive bought the thunder and im moving them to a man made island in the gulf of mexico

makes sense

its a libertarian paradise

i'm sure steven adams is down

down...under!
*BOING*

Oklahoma plain too liberal for our good friend lagoon

yes, agree w/all that, part of it is thinking that fertitta's finances were reviewed and there was agreement that this would be workable, part of it is that if this is how nba franchises are valued now you can't really wait around for the next ballmer b/c there are only like 10-20 of those guys in existence (in the usa) and how many of them want to own nba teams? also obv the local connection is treasured both by alexander and by the league who gave the SAC group and the NOLA ownership a leg up b/c they were not going to move those franchises.

it would be a *disaster* for the nba if this ownership became insolvent anytime soon so i'm going to think they know what they're doing until there's evidence otherwise.

― call all destroyer, Tuesday, September 5, 2017 11:02 PM (twenty-four minutes ago) Bookmark

idk i think it's pretty hard to look into the future with that amount of accuracy! and i think yr argument could cut the other way too, it's entirely possible that the NBA endorsed a more financially risky proposal precisely bc ownership stayed local as opposed to going with a more stable outside investor group or investor coming in at a lower price.

seems to me that insane valuations are probably factoring in growth a la tech companies which seems stupid, granted NBA is the prob the only major sport that's gaining in viewership but its hard to say how that will pan out esp in terms of increased revenue. it's just hard to forecast any of this stuff, i mean look at the ESPN/TNT tv deal, back when they made it in 2014 it looked like sports were immune from tv viewership die-off and sports viewership was maybe even growing but three years later ESPN is sucking air (just look at the layoffs) and im betting by the time 2023 rolls around or w/e it comes time for new tv rights it's gonna look like a real albatross of a contract. also look at what contracts teams were giving out in free agency one year ago, it's p obvious nobody was factoring in that GSW dominance would torch the salary cap this year.

its also entirely possible that owning the rockets is like a moby dick fever dream for this guy and he'd be willing to burn everything else in his portfolio to the ground in pursuit of winning a title - if that's the case then fine by me

why are we not sitting in a circle praying for the downfall of the wealth class yet

just send out the invitations, man, so we know where to sit

O

somewhere on that circle

seems small

haberstroh goes deep on isaiahs injury, seems pretty inconclusive, but hey maybe the celtics will be sacrificed to the warriors in 10 months http://www.espn.com/nba/story/_/id/20595342/nba-cleveland-cavaliers-guard-isaiah-thomas-faces-uncertain-return-potentially-career-ending-hip-injury

research suggests where top high school recruits go to college doesnt affect their draft stock http://www.espn.com/college-sports/recruiting/basketball/mens/story/_/id/20589303/michael-porter-jr-collin-sexton-bucking-trend-going-missouri-tigers-alabama-crimson-tide-bluebloods

lol Danny "I just traded you"
https://www.theplayerstribune.com/isaiah-thomas-trade-celtics-cavaliers/

damn that was a hard to read tbh

isaiah seems like a great and very real dude

standup guy

Isaiah knows what's up. Obviously a solid guy.

when hes not befriending sociopathic serial abusers

https://i.imgur.com/MdgeTIh.jpg

pernicious boston influence imo that will clear when he gets to cle

ha good joke

lol. every famous athlete is friends w Floyd tho. not all can say they are boys with ya boy tom brady tho.

is it cool that theyre friends w floyd

https://nesn.com/2017/03/celtics-isaiah-thomas-gives-history-behind-floyd-mayweather-friendship/

oh wow theyre like really friends thought it was the usual cool with eachother thing

yeah theyre tight, like trump n brady its all just one big success circle of love lol

#MambaMentality

lol did we talk abt kobes challenges https://www.sbnation.com/lookit/2017/8/24/16197340/kobe-bryant-mambamentality-challenges-famous-people-instagram-nike

some of them are really weird

@demar_derozan I challenge you to rekindle a lost friendship from your youth in Compton #mambamentality

i didnt see them all! obc these need to be polled

obv

https://pbs.twimg.com/media/DJErjNAW4AgKQTJ.jpg

best celtic of the decade or best celtic ever?

lol

haha

Def Pen Hoops‏ @DefPenHoops 20m20 minutes ago

Report: Tony Allen Finalizing One-Year Deal with New Orleans Pelicans

grit n grind grizz are no more

rip

i want marc gasol on the spurs plz thanks in advance

i wld like him to go to the boston celtics imo

no sorry dwight howard is going to the celtics i believe we have covered this important update in the past