Information request-owner info

by Gelvalst on Dec 7, 2008 5:45 PM PST Comment 14 comments

The other day I read a brief blurb about how attractive RLEC is because of his large expiring contract, and the 5.1 mil covered by insurance. While there have been numerous posts describing possible trading partners who might be dropping salary for 2010 or blowing up their rosters, I haven't seen an analysis of the different owners who might be looking to save money.

Specifically, I'm hoping that someone in the community who has better research skills than myself, might look into the financial situations of NBA owners, especially in light of the general economic troubles in the country. Additionally an analysis of how likely they are to make a trade to cut salary in light of their financialy situation would be very cool.

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i think the usual suspects list of cheap teams looks something like…

atlanta, oklahoma city, memphis, phoenix, charlotte, milwaukee, clippers

some of those make more sense than others for RLEC.

before the season started at a meet and greet, KP mentioned atlanta as a hypothetical team that might have interest in RLEC. with their solid start that might be less likely now.

hope that helps. maybe others will add on.

Draft Kyle Singler.

by Ben. on Dec 7, 2008 6:29 PM PST reply actions 0 recs

Definitely gotta' throw in Nawlins

They pretty much sold us Nic Batum.

Everything in moderation, including moderation

by prezofdeath on Dec 7, 2008 6:52 PM PST up reply actions 0 recs

talking with some guys at the Orlando blog

It sounds like their owner will do anything to stay under the luxury tax level, and they currently have some huge contracts on the books. So they’ve backed themselves against the wall and might be interested in RLEC.

by Bust a Bucket on Dec 7, 2008 7:46 PM PST up reply actions 0 recs

Cap Space

The teams that currently have a combination of low cap space & a losing team wanting to make a move towards a high ticket 09 free agent. Those are the teams looking for RLEC.

I want Rajon Rondo

by TheGreatDane17 on Dec 7, 2008 6:57 PM PST reply actions 0 recs

What is the issue with the insurance?

Insurance is usually for injuries and is predicated on how many games the player plays. What are the circumstances surrounding this 5.1 million in insurance.

Life is exhausting when you are this stupid.

by jonestr on Dec 7, 2008 6:59 PM PST reply actions 0 recs

once raef misses 41 games the insurance kicks in and assuming he misses the rest of the season is $5 million

honor rasheed wallace

by Zaron5551 on Dec 7, 2008 7:01 PM PST up reply actions 0 recs

This site has all the owners, their net worths and the team's value

http://hoopshype.com/owners.htm

by Salem Stephen on Dec 7, 2008 7:04 PM PST reply actions 0 recs

That information is a little dated

but a good starting point. However it only lists the principal owners, and not minority owners (if any). At least in the case of the Lakers, their minority owner (Philip Anschutz through his company Anschutz Entertainment Group) has a far higher net worth than Jerry Buss and has a net worth that begins to rival Paul Allens (well it is about 1/2)

by tingeyga on Dec 8, 2008 3:29 AM PST up reply actions 0 recs

All teams named by Ben would make sense. I think under financial aspects Charlotte Bobcats would be a good call

Second largest banking hub in the US, hit heavily be the financial crisis → Less sponsoring money, less ticket sales
Owner already downsized his organization before the season, e.g. releasing most people in marketing/event management
Forbes ranking: Only 29th most valuable NBA team.
Operating income: -$4.9 mil
Owner bought them for ca. $300 mil, now worth ca. $284.
Owner made his money with: Founder of BET. Net worth in excess of $1 billion. (Minority owners incl. MJ and Nelly)
Season goal: Reaching the playoffs if anyhow possible (also to generate income).
Roster: Too expensive. $45 mil. locked up among Okafor, Richardson, Wallace, Mohammed (!), Caroll (!!) until 2011
Team needs: A center, to move Emeka Okafor back to his natural PF position.
Why potentially attractive for us: SF Gerald Wallace, PG Raymond Felton

Another team that might be added to the list would be New Jersey (although they might already have made their move by sending Jefferson out). 26th in value, worst debt/value ration in the league. And big investments coming up to get ready for 2010 (move to Brooklyn, get LeBron).

In general, besides looking at the owners it could be interesting to look which teams have (long-term) contracts of overpaid “stars” that they might want to get rid of at a discount in terms of player value coming back. But the list could be fairly long :)

B-Rex bandwagon begins

by Norsktroll on Dec 7, 2008 7:04 PM PST reply actions 6 recs

Very nice work - rec'ed

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by LaMarvelous on Dec 7, 2008 7:35 PM PST up reply actions 0 recs