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OT: Bobcats sold to MJ for $175M.
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K22
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3/4/2010  12:51 PM
So Jordan buys the Cats for a little over 58 cents on the dollar. Ouchie.

LINK

Charlotte Bobcats Sale Embarrassing For NBA

If NBA owners approve, Michael Jordan is going to buy controlling interest in the Charlotte Bobcats for a price that values the franchise at about $175 million. This is a big blow to the NBA because current owner Robert L. Johnson paid an expansion fee of $300 million seven years ago and the league has several teams hunting for investors. Other than right here, I doubt you will see a price for a long, long time in the media. Usually, when a team is sold related stories include estimated prices, frequently leaked by the NBA or someone involved with the transaction. I searched Google but could not find one story that mentioned the price. The NBA is embarrassed about the $175 million valuation. And rightfully so.

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crzymdups
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3/4/2010  12:56 PM
yeah, that's really bad news on the lockout front.

owners are NOT going to want to be on the books for some of these long-term deals when their franchise values are so low. geez.

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Andrew
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3/4/2010  1:01 PM
I wonder how much debt the Bobcats have.
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crzymdups
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3/4/2010  1:01 PM
if the knicks can't get bosh, tyrus thomas should be a MAIN target.
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Nalod
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3/4/2010  1:13 PM

Jordan will get some (if not more) partners but he is the lead dog and im sure had to borrow some good money on it.

He will have to step it up on the visable side. Charlotte is a bank city and they are a bit ill right now.

If they had a brain they can call it the "Charlotte Nike" after the Nike Missle and use that as the logo. Nothing sells more than a phallic symbol anyway! North Carolina loves baskeball and they can keep bringing in those ACC talent. I stopped going to games but a few a year. Im hoping they make the playoffs and create a buzz. I hate Jordan but root for them to succeed.

He better watch his weight. He does not look healthy.

Ira
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3/4/2010  1:49 PM
According to this article, that figure isn't correct.
http://articles.latimes.com/2010/feb/28/sports/la-sp-heisler28-2010feb28
TheGame
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3/4/2010  1:53 PM
$175 mill!!! Man, Jordan could have bought the team by himself. He probably still makes $10-$20 million a year in endorsements. That is cheap for an NBA team.
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kam77
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3/4/2010  2:22 PM
Isn't $175M how much more LeBron would make if he stayed with the CAVS? I'm pretty sure it is.
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.
DurzoBlint
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3/4/2010  2:27 PM
He better put Brown in charge of drafting. Jordan has proven not to have an eye for talent. Moving Rip for Stack. Picking Kwame #1. He even is credited with some poor move chicago made following his suggestion
the fact that you can't even have an unrelated thread without some tool here bringing him up make me think that rational minds are few and far between. Bunch of emotionally weak, angst riddled people. I mean, how many times can you argue the same shyt
Moonangie
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3/4/2010  3:35 PM
DurzoBlint wrote:He better put Brown in charge of drafting. Jordan has proven not to have an eye for talent. Moving Rip for Stack. Picking Kwame #1. He even is credited with some poor move chicago made following his suggestion

Word. MJ would F that team up if he does the drafting.

fishmike
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3/4/2010  4:59 PM
crzymdups wrote:if the knicks can't get bosh, tyrus thomas should be a MAIN target.

I think he should be anyway. In fact I would take Tyrus over Bosh because of the money. Bosh = $17mm. Tyrus = $9.5mm (5 years $55mm). Lee = $9mm (6 years $70mm).

So for the same price for Bosh + some veteran min (Mikki Moore?) scrub you can have Lee and Tyrus Thomas. Is this even a debate? THEN you have $17mm left to offer a max FA. Obviously I am shooting for Lebron. But say Lebron scorns us and it turns out that Tracy McGrady is pretty damn good the rest of the year.

Say we do:
Joe Johnson 5 years $59mm (starting at $10mm)
TMac 5 years $41mm (starting at $7mm)

I think with Horford's max contract looming and playing for MDA again that Atl would let JJ walk for that. The xfactor is McGrady and if he's healthy and feeling healthy would he accept that? I would certainly hope so. Its a wild card but assuming he shows he has some legs left next 6 weeks your line up next year would look like this:
PG Joe Johnson 6'7
SG McGrady 6'8
SF Gallo 6'10
PF Lee 6'9
C TThomas 6'10
bench: Douglas, Chandler, Giddens, Walker

Boy thats a lot of size and skill to deal with. I like the bench also.

If the McGrady wildcard comes though thats a good and plausable team.

"winning is more fun... then fun is fun" -Thibs
jimimou
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3/4/2010  5:13 PM
have you guys watched tyrus play extensively? i agree he has a ton of talent but there's a reason that chicago gave him away. he is just not all there w his focus and he does some pretty bonehead things when he's frustrated. as an example, they were playing the celtics last night - cats were down a bunch but still within stricking distance (11 point deficit) in the 4th. thomas doesnt get a call on the offensive end, so as he's running back to get on d, he just stops right after halfcourt while rondo is bringing the ball up. as rondo is about to pass him, thomas steps right in fron of him and just mauls him. ref's call the foul and technical on thomas, pierce hits the tech then the celts drop a 3 on them after the inbounds pass off the foul. 4 point swing in 15 seconds and now the cats are down 15. they lose focus and before you know it, they're down 20 and the game is beyond reach.

for that reason alone, i wouldnt recommend the knicks do not give him a shot coming here. the guy is a negative guy and a lockeroom cancer. the knicks are no longer about that stuff. getting him would be a step backwards in terms of the type of players that should be brought to ny from here on out.

lastly, i think larry brown will grow tired of thomas' act real quick and he'll be traded out of there soon.

franco12
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3/4/2010  5:40 PM
kam77 wrote:Isn't $175M how much more LeBron would make if he stayed with the CAVS? I'm pretty sure it is.

That is how much he is leaving on the table if he opts not to stay with the cavs!

TheGame
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3/4/2010  5:44 PM
Brown has been making most of the decisions. Brown has a shaky track record himself but I agree he probably better than Jordan. Jordan needs to involved in the marketing aspect to get attendance up.
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Uptown
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3/4/2010  5:44 PM    LAST EDITED: 3/4/2010  5:47 PM
fishmike wrote:
crzymdups wrote:if the knicks can't get bosh, tyrus thomas should be a MAIN target.

I think he should be anyway. In fact I would take Tyrus over Bosh because of the money. Bosh = $17mm. Tyrus = $9.5mm (5 years $55mm). Lee = $9mm (6 years $70mm).

So for the same price for Bosh + some veteran min (Mikki Moore?) scrub you can have Lee and Tyrus Thomas. Is this even a debate? THEN you have $17mm left to offer a max FA. Obviously I am shooting for Lebron. But say Lebron scorns us and it turns out that Tracy McGrady is pretty damn good the rest of the year.

Say we do:
Joe Johnson 5 years $59mm (starting at $10mm)
TMac 5 years $41mm (starting at $7mm)

I think with Horford's max contract looming and playing for MDA again that Atl would let JJ walk for that. The xfactor is McGrady and if he's healthy and feeling healthy would he accept that? I would certainly hope so. Its a wild card but assuming he shows he has some legs left next 6 weeks your line up next year would look like this:
PG Joe Johnson 6'7
SG McGrady 6'8
SF Gallo 6'10
PF Lee 6'9
C TThomas 6'10
bench: Douglas, Chandler, Giddens, Walker

Boy thats a lot of size and skill to deal with. I like the bench also.

If the McGrady wildcard comes though thats a good and plausable team.

If we can't land Lebron, I'd much rather this alternaitve as opposed to bust, or dismantle or whatever that he!! thats supposed to mean.

fishmike
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3/4/2010  9:56 PM
jimimou wrote:have you guys watched tyrus play extensively? i agree he has a ton of talent but there's a reason that chicago gave him away. he is just not all there w his focus and he does some pretty bonehead things when he's frustrated. as an example, they were playing the celtics last night - cats were down a bunch but still within stricking distance (11 point deficit) in the 4th. thomas doesnt get a call on the offensive end, so as he's running back to get on d, he just stops right after halfcourt while rondo is bringing the ball up. as rondo is about to pass him, thomas steps right in fron of him and just mauls him. ref's call the foul and technical on thomas, pierce hits the tech then the celts drop a 3 on them after the inbounds pass off the foul. 4 point swing in 15 seconds and now the cats are down 15. they lose focus and before you know it, they're down 20 and the game is beyond reach.

for that reason alone, i wouldnt recommend the knicks do not give him a shot coming here. the guy is a negative guy and a lockeroom cancer. the knicks are no longer about that stuff. getting him would be a step backwards in terms of the type of players that should be brought to ny from here on out.

lastly, i think larry brown will grow tired of thomas' act real quick and he'll be traded out of there soon.

oh... he's got some issues. You have to fear the Stromile Swift syndrome sinking in. Dont know what that is, but it takes talented explosive players and turns them into pussies.

At least on an MDA team he would be able to score some. Tyrus is definatly a guy that can rip down boards and start to push it up the other end. Its a gamble.. definatly a gamble. But at least its on an elite athlete w/ a crazy long wingspan

"winning is more fun... then fun is fun" -Thibs
MS
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3/5/2010  1:41 PM
We could have had Tyrus for his 6 Million dollar option next season. However Donnie didn't want to give up Al Harrington when we were playing good basketball. Which is just plain stupid because he was going to trade our lottery pick and best defender. Just wow.
Andrew
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3/5/2010  1:56 PM
MS wrote:We could have had Tyrus for his 6 Million dollar option next season. However Donnie didn't want to give up Al Harrington when we were playing good basketball. Which is just plain stupid because he was going to trade our lottery pick and best defender. Just wow.

Tyrus was traded for Flip Murray, Acie Law and a protected, future first-round draft choice. Are you saying that the Bulls preferred Al over the Bobcats package?

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TheGame
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3/5/2010  4:07 PM
Andrew wrote:
MS wrote:We could have had Tyrus for his 6 Million dollar option next season. However Donnie didn't want to give up Al Harrington when we were playing good basketball. Which is just plain stupid because he was going to trade our lottery pick and best defender. Just wow.

Tyrus was traded for Flip Murray, Acie Law and a protected, future first-round draft choice. Are you saying that the Bulls preferred Al over the Bobcats package?

Yeah, I think the Bulls just preferred the Bobcats offer more than ours. I cannot imagine Walsh was hanging on to Al Harrington. We needed a Thomas-type player more than Harrington.

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SupremeCommander
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3/5/2010  4:12 PM    LAST EDITED: 3/5/2010  4:15 PM
I think $175 million is steep for most franchises. It simply is not a good investment. $300 million to buy a business in a small market? I'm sorry, but I'd rather buy an awesome TV, get the NBA season pass, and buy a kegartaor than throw down for Bobcats season tickets. I don't see how this business model and absolutely insane contracts (dude, you dribble a basketball to market $19 hotdogs and $7 Coca Colas) would appeal to the business savvy... I think it appeals to guys that dream of owning their own team
DLeethal wrote: Lol Rick needs a safe space
OT: Bobcats sold to MJ for $175M.

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