There is some union backlash about star players like melo being "pressured" into taking cuts otherwise looking bad or not as interested to win.
This is a common theme: "Owners don't take cuts!!!!"
Well some do, when they go over the threashold and pay taxes. Some do, some don't. The repeater tax is a killer and while owners might be greedy, going there is stupid!
Senater Kohl sold the Bucks that he owned for 29 years and while its a small market team prime to be moved with an old arena he did sell it with conditions it not be moved. At some point they need a new home.
He made a huge profit but:
1 hours ago • By Gery Woelfel(1) Comments
Herb Kohl’s 29-year tenure as the Milwaukee Bucks’ owner was hardly storybook material.The Bucks never won an NBA title and only once did they even reach the Eastern Conference finals. Under Kohl, the Bucks were, for the most part, run-of-the-mill outfits.
But never, ever let it be said that Kohl didn’t care about his employees. He was always approachable and spoke to them frequently, listening to their concerns and offering them encouragement. He treated them like family.
So, it wasn’t surprising that when Kohl recently sold his NBA franchise, he didn’t forget about the people who worked under him. You may have read where Kohl gave gifts of $500 to employees at the BMO Harris Bradley Center, where the Bucks played their home games.
What you haven’t read, though, is that Kohl’s generosity extended much further. He also bestowed significant financial gifts
to others in the organization, from secretaries to sales personnel to basketball operations officials. The amount Kohl gave those employees varied and was based on different criterion, not the least of which was longevity with the organization.
Some Bucks employees received $40,000 while others received nearly $100,000. And there were even some individuals who were given checks that one person close to the situation described as “life changing.”
While we read about greedy owners and some are just bad people as well, its good to read a story where an owner shared at some level.