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Indisputable Evidence That "It Ain't Your Money"
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djsunyc
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1/17/2007  12:36 PM
Posted by kam77:

ONLY 2 teams are under the cap. All the successful teams are over it.
Therefore, YES, you win in the NBA by being over the cap.

BUT did the teams go over the cap AFTER they got their franchise player or were they always over and still found their franchise guy?

i bet in most cases (if not all), they were under the cap when they got their stud but then added pieces (regardless of cost) to help him.

AUTOADVERT
nyk4ever
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1/17/2007  12:37 PM
Posted by kam77:

ONLY 2 teams are under the cap. All the successful teams are over it.
Therefore, YES, you win in the NBA by being over the cap.

BUT obviously, you want to be over the cap because you have a couple really talented guys who you think can win it all or at least contend.

Nobody likes the high salaries we are paying to guys like Marbury and Francis, and even still Allan Houston this year. These are salaries from an old day and age. Marbury and Francis and Houston still makin 60 million combined is what kills us.

You don't build a team by being over the cap, you build a team by being under the cap. You draft good players, you sign FA's which leads you to being over the cap. Not the other way around.
"OMG - did we just go on a two-trade-wining-streak?" -SupremeCommander
holfresh
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1/17/2007  12:39 PM
Posted by Andrew:

If the Dolans have more money and a couple of contract buyouts really don't hurt them....why are they so afraid of rebuilding?

The Knicks are owned by a corporation which has to show an increased profit quarterly for their shareholders...The Garden generates a huge amount of revenue which helps the bottom line of the stock..Rebuilding will leave the Garden empty and therefore hurt revenues...Dolan owns mucho shares of cablevision, a dip in share price is a dip in his wealth...If you own a stock, wouldn't you do all you can to keep the price at the highest level possible?...The garden is a small part of what's happening at Cablevision but it still adds up...



[Edited by - holfresh on 01-17-2007 12:41 PM]
islesfan
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1/17/2007  12:44 PM
Posted by holfresh:
Posted by Andrew:

If the Dolans have more money and a couple of contract buyouts really don't hurt them....why are they so afraid of rebuilding?

The Knicks are owned by a corporation which has to show an increased profit quarterly for their shareholders...The Garden generates a huge amount of revenue which helps the bottom line of the stock..Rebuilding will leave the Garden empty and therefore hurt revenues...Dolan owns mucho shares of cablevision, a dip in share price is a dip in his wealth...If you own a stock, wouldn't you do all you can to keep the price at the highest level possible?...The garden is a small part of what's happening at Cablevision but it still adds up...



[Edited by - holfresh on 01-17-2007 12:41 PM]

Dolan himself said that in terms of Cablevision as a whole, the Knicks and the revenues that they produce are miniscule when compared to their other assets and revenue streams.
If it didn’t work in Phoenix with Nash and Stoutamire... it’s just not a winning formula. It’s an entertaining formula, but not a winning one. - Derek Harper talking about D'Antoni's System
Nalod
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1/17/2007  12:45 PM
its one thing to go over the cap.

Its another to LAP it!

After taxes, knicks are THREE TIMES over the cap!

THe knicks payroll is about $120 million MORE than any team at the Cap!

Thats just not "going over" thats freaking crazy!
kam77
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1/17/2007  12:54 PM
Posted by nyk4ever:
Posted by kam77:

ONLY 2 teams are under the cap. All the successful teams are over it.
Therefore, YES, you win in the NBA by being over the cap.

BUT obviously, you want to be over the cap because you have a couple really talented guys who you think can win it all or at least contend.

Nobody likes the high salaries we are paying to guys like Marbury and Francis, and even still Allan Houston this year. These are salaries from an old day and age. Marbury and Francis and Houston still makin 60 million combined is what kills us.

You don't build a team by being over the cap, you build a team by being under the cap. You draft good players, you sign FA's which leads you to being over the cap. Not the other way around.

You speak like you've never had to finish someone elses crappy job. When was the last time the Knicks were under the cap?
lol @ being BANNED by Martin since 11/07/10 (for asking if Mr. Earl had a point). Really, Martin? C'mon. This is the internet. I've seen much worse on this site. By Earl himself. Drop the hypocrisy.
kam77
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1/17/2007  12:59 PM
We would still be over the cap today if all Isiah did was draft. No trades, no Free agent signings. Allan Houston and Shandon Andersons contracts are still going. Them two alone represent 50% of the cap.

Add in 13 others and lets say they average 2 million each, well hello, we're over the cap by a couple dollars and can't do anything.

In this league, unless you are under the cap by MORE THAN THE MLE, it is meaningless, actually, worse than meaningless.
lol @ being BANNED by Martin since 11/07/10 (for asking if Mr. Earl had a point). Really, Martin? C'mon. This is the internet. I've seen much worse on this site. By Earl himself. Drop the hypocrisy.
nyk4ever
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1/17/2007  1:09 PM
Posted by kam77:
Posted by nyk4ever:
Posted by kam77:

ONLY 2 teams are under the cap. All the successful teams are over it.
Therefore, YES, you win in the NBA by being over the cap.

BUT obviously, you want to be over the cap because you have a couple really talented guys who you think can win it all or at least contend.

Nobody likes the high salaries we are paying to guys like Marbury and Francis, and even still Allan Houston this year. These are salaries from an old day and age. Marbury and Francis and Houston still makin 60 million combined is what kills us.

You don't build a team by being over the cap, you build a team by being under the cap. You draft good players, you sign FA's which leads you to being over the cap. Not the other way around.

You speak like you've never had to finish someone elses crappy job. When was the last time the Knicks were under the cap?

That doesn't absolve Isiah just because his predecessors weren't under the cap.
"OMG - did we just go on a two-trade-wining-streak?" -SupremeCommander
holfresh
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1/17/2007  1:18 PM
Posted by misterearl:

holfresh - great minds think alike

>>"The board of the Cablevision Systems Corporation rejected an $8.9 billion offer yesterday to sell the company to the Dolans, its founding family."

>>Rather than withdraw its offer when told it would be rejected, the family increased its bid last Friday by about $1 billion and tried to put pressure on the board by setting a deadline tomorrow, declaring that the proposal was its “best and final” offer.

Translation:

The next time you are feeling sympathy for the Dolan's checkbook balance in relation to how much the Knicks are paying a player.... or the next time a contract is bought out to upgrade the roster or create a slot.... or the next time the "get under the salary cap" discussion rears its pretty face... just remember one thing....

the Dolan's pockets are deeper than the Atlantic and Pacific Oceans combined and for the ownership family the Knicks are simply an occassionally entertaining diversion to drop spare change...

and...


It ain't your money.

Earl I do have to admit I was thinking of you reading this article in The Times...Didn't know what angle to take starting this thread...Glad to see you followed up the other option...

misterearl
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1/17/2007  4:27 PM
>>We would still be over the cap today if all Isiah did was draft. No trades, no Free agent signings. Allan Houston and Shandon Andersons contracts are still going. Them two alone represent 50% of the cap.

>>Add in 13 others and lets say they average 2 million each, well hello, we're over the cap by a couple dollars and can't do anything.


holfresh - I glanced your thread starter just as I was posting this morning...

kam77 makes an outstanding point about the Houston and Shandon Anderson contracts, that few are willing to accept.

A few years back I had the opportinity to meet one of the financial suits with the Atlanta Hawks. His comments regarding the fiscal management practices around the entire league were eye-opening.

Form that moment on I decided not to sweat it, hence...

"It Ain't My Money"

once a knick always a knick
Bonn1997
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1/17/2007  5:28 PM
I think Briggs is right about a few posters here being MSG employees...
Solace
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1/17/2007  5:55 PM
Posted by Bonn1997:

I think Briggs is right about a few posters here being MSG employees...

Or being Isiah Thomas.
Wishing everyone well. I enjoyed posting here for a while, but as I matured I realized this forum isn't for me. We all evolve. Thanks for the memories everyone.
freeskier
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1/17/2007  11:19 PM
Posted by Nalod:
Posted by misterearl:

holfresh - great minds think alike

>>"The board of the Cablevision Systems Corporation rejected an $8.9 billion offer yesterday to sell the company to the Dolans, its founding family."

>>Rather than withdraw its offer when told it would be rejected, the family increased its bid last Friday by about $1 billion and tried to put pressure on the board by setting a deadline tomorrow, declaring that the proposal was its “best and final” offer.

Translation:

The next time you are feeling sympathy for the Dolan's checkbook balance in relation to how much the Knicks are paying a player.... or the next time a contract is bought out to upgrade the roster or create a slot.... or the next time the "get under the salary cap" discussion rears its pretty face... just remember one thing....

the Dolan's pockets are deeper than the Atlantic and Pacific Oceans combined and for the ownership family the Knicks are simply an occassionally entertaining diversion to drop spare change...

and...


It ain't your money.

Dolans have a bit of stock in the company, so its not like they are using cash.

Plus,

Its a leveraged buyout, meaning they would borrow the money.

Beholden to stockholders or issuing debt is not all that dissimmilar.

ANd its just plain stupid for the knicks to piss money away on buy outs and compound it with paying the tax.

Imagine a situation where your spending big money but instead of doing it in a methodical moronic fashion your actually doing to to perpetuate winning? The Yankees spend a bloody forturne but for the most part its money well spent. THey are a financial and commercial success!

Wouldn't it be nice to not only root for your favorite team but actually respect them?

wouldn't it be nice to be respected as a fan
Indisputable Evidence That "It Ain't Your Money"

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