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.

doesn't matter man.

isiah's being played. bringing chumps like mo t, jalen, stevie in here at HUGE dollars, then sending them home to collect their money (it'll happen soon enough with stevie). has nothing to do witih dolan. it's isiah's mismanagment.

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?

If we are trying to get under the cap, we gotta manage the salary but if we aren't playing the cap game, It Aint My Money!

I was talking to djsu about something just like that. I brought up a scenario to him where 50% of the Knick fans stop going to games. djsu's opinion is that Dolan's wallet will barely feel a thing. IMO, if we are playing the cap, we should start cutting salary. If we are buying players out that we will not or cannot trade, who cares.

I don't feel strongly about this though.

i'm a big stickler for cap...but only b/c we don't have a franchise stud. if you have one, then you do whatever you can to surround him with the best players money can buy b/c opportunities to win titles don't come around too often. that's where we have a head and shoulders advantage over everybody else.

BUT since we don't have a franchise stud, it's not in the best interests of the team b/c since the NBA does have a cap, it effects opportunities down the road to acquiring one.

but that's just one man's opinion.

This thread is absurd. The point is that Dolan spends his money stupidly.

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?

Good point!

I recall a critic of the 1990's teams saying they were built to go to the conf. finals and not much more. That was the sweet spot of profitability and exposure. That could be done the way we did it. TO actually win titles we needed to cultivate that 2nd star player to compliment Ewing.

Ewings threats to leave were usually placated by getting him some help, but never enough. Thats an old story, but economically, we made money.

Dolan has a channel that has to have some decent viewership to maintain revenues.

We all agree its run like "Brewsters Millions!"

Posted by misterearl:

Marv - dude, you gotta break some eggs to make an omelette

Everyone in the NBA makes huge dollars. What do you really care what Steve Francis, Mo Taylor, Jalen Rose, Penny Hardaway or anyone else takes home?

Mis-management? Nah.

It's the cost of doing business in professional sports

if that's what it costs to run a sports team, then why are we paying so much more than everyone else? and winning less than 2/3 of the teams out there?

i would describe my feelings toward dolan's checkbook are more resentment and envy than sympathy. i don't care what he spends on cars, food, rent, his band, whatever. i do care about what he spends on my team's players because it influences the team's options- a basketball issue, not a strictly financial one.

no other organization is run like this. none. no matter how rich the owner is. a little bit of financial sanity would go a long way in this organization.

Posted by Rich:

This thread is absurd. The point is that Dolan spends his money stupidly.

Thankyou Rich.

No one cares how much money Dolan spends, what people care about is that he spends stupidly and kills our favorite teams cap and keeps putting us in a bigger hole. The fact that we are arguing this point, baffles me. It's not tough to see.

Posted by islesfan:

This thread is indisputable evidence that "It Ain't Your Money" is just a stupid catchall that people use to ignore that NBA team's have to work within the framework of a salary cap.

Why they have to...?
NBA needs a lockout to clean up the ridicules contract practices for players and coaches
They just getting the long one with big price tag and then go sucking. And then we are talking about work ethics and development of young players… Bullsheet..

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.