fwk00 wrote:smackeddog wrote:ekstarks94 wrote:GS is not taking 3 picks...they want a pick and a contribute now player....
They can't afford to take on salary- I only see them trading their pick to offload Wiggins, or to move down in the top ten to save the salary hit (isn't the number 2 pick something like around $7mil per, which is huge onto of their $145mil per year), so they'd need a pick back.
On the Knicks Fan TV podcast, the bulls guy and Spencer Pearlman said the two teams that loved Deni are the Bulls and the Warriors, so the way the lottery fell made things complicated for the Warriors- they can't really trade down by much to take Deni because the Bulls are at 4. Do they want to give Deni $7.5mil per and take him at 2? Not sure.
I like Ball, but he's too risky to trade up for, especially if the price was Mitch and our first or the Dallas pick.
Look, the coming season is going to be deeply compromised by the Corona effect. So a number of things have to be kept in mind.
Smart organizational planning will think about this carefully.
The idiot MSM led by loudmouths like Rachel claim that the GS pick is for sale. I think not. If Deni is their guy, they draft him and leave him play out a year in Europe - no tax hit, no loss.
For teams who plan to contend, a short season means the season is a sprint and not a long distance race. There will be no time to "develop" much of anyone. The Knicks can't play in that sandbox. The shortened, unpredictable season is an opportunity to assess current assets and make decisions for hardening the roster as it plays out.
It also means that a salary cap strapped team may want that 8th pick to stash away that other European stringbean lurking in the top ten polls.
So I wouldn't be so quick to believe what you hear.
Also, GS is a rich team. Money is rarely a stumbling block.
Don't overlook how much even usually wealthy teams are going to start struggling with zero fans or events in arenas:
https://www.sportspromedia.com/news/golden-state-warriors-loan-goldman-sachs-covid-costs-nbaReport: Golden State Warriors look to raise US$250m to cover Covid-19 costs
Other NBA team owners also considering opportunities to raise capital.
The Golden State Warriors are looking to raise ‘up to US$250 million’ to manage expenses resulting from the coronavirus pandemic, according to ESPN.
The sports media giant says the National Basketball Association (NBA) franchise’s owner Joe Lacob has told fellow owners of a deal he is considering with investment bank Goldman Sachs about a loan.
A report in the Athletic noted that the Warriors have not yet finalised a deal with Goldman Sachs, adding that alternative options, including cash calls, are also being explored.
NBA broadcasts to include immersive Microsoft fan experiences for restart
The reports come with NBA franchises set to miss out on significant ticket revenue as a result of the remainder of the 2019/20 season being played behind closed doors in Orlando, and it remains unclear if fans will be allowed to attend teams’ home venues when the 2020/21 campaign begins.
According to Forbes’ most recent list of NBA team valuations, the Warriors revenue for the 2018/19 season was US$440 million, with US$178 million coming from gate receipts.
ESPN’s report said the Warriors are particularly reliant upon their at Chase Center home, generating ‘around 80 per cent’ of their revenue from the US$1.6 billion arena, which reportedly brings in ‘more than US$5 million’ for some home games.
Speaking on a call heard by ESPN back in May, NBA commissioner Adam Silver told the league’s players that 40 per cent of the North American basketball organisation’s revenue comes from money generated on game nights in arenas.
Other NBA owners are ‘investigating opportunities to raise capital’, ESPN added, also noting that some are pursuing legal action against insurance companies that have denied claims related to the pandemic.
The NBA’s 30 franchises generated US$8.8 billion in revenue last season, according to Forbes, but ESPN previously reported that the league is projecting a total loss in excess of US$1 billion due to Covid-19.