Didn’t pay much attention to the NBA free agency bonanza over the three day weekend (or sports for that matter), but caught up the last couple days on the rumor mill, and it sounds like all the rumors that were swirling on Friday, sound just about the same as they do today. Maybe there’s a little more of the I think so and so is leaning towards staying/going here, but nobody’s opinion is truly relevant, since nobody knows what factors are in play for these guys in making their final decisions so rumors will continue. There was one big commitment over the weekend with Amare Stoudemire agreeing to a five year $100M contract with the Knicks. I think it’s good for the guy, he wasn’t going to get a max deal in Phoenix, so why not go where someone that is willing to dish out the cash! He might not be exactly what they were hoping for, and as MCeezy said, they still aren’t relevant without another big player, but he is as worthy as anyone for a max offer. He’ll probably hold his fantasy value rejoining the anti-defensive D’antoni coached team. They might actually come out of this free agency period a winner depending on what else they get. I’m not going to say I think this was the greatest signing, but it’s far from a bad one as some would have you believe. If he somehow recruits another superstar, then he would be an all-time Knicks without even stepping on the court. It was much better than signing Joe Johnson or Rudy Gay to the “max” deals. I’m starting to wonder where Boozer will land since there are really no rumors about him. I do like the ring of Boozer’s Vodka if he ends up on the Nets. D-Wade and Chris Bosh are going to team up in Miami, just as I predicted. It’s tough to tell how much of a supporting cast they can have with only four players (Chalmers and Beasley) on the roster, but if they really don’t care about the money that much, maybe they’ll be able to bring in another big name.
I found the rumor of Carmelo waiting it out until next year’s free agency to go join Amare in New York as a laughable scenario. Does Melo even really have a choice on waiting it out with the lockout scheduled for next year? He could’ve been part of this free agent frenzy, but chose to take the extra year and some extra cash instead of opening up his 2010 summer. The Baltimore native has lived the rough life, so I don’t see him passing up any guaranteed money. Could he really pass on an extension that would guarantee him close to $20M per year for the next three? I’ll say no. The way money is flying around this summer is going to get even crazier after Lebron makes his choice tomorrow. You may think it already has with contracts like Amir Johnson (5 years $34M), Darko Milicic (4 years $20M), Drew Gooden (4 years $39M), but this summer there will be even more of those unfathomable numbers for guys that are at best bench players, especially if all these big free agents end up staying put. There’s a lot of teams waaay under the cap that were hoping to lure a Lebron or Wade to their city, but all these potential suitors forgot one thing, what if they don’t want to leave and want the extra $20-30M guaranteed that these guys can have tacked onto the last year of their contract in their current cities. So in essence, some teams will be overpaying for guys this summer that aren’t going to change a franchise into an instant contender. I’m thinking Richard Jefferson, Luis Scola, Raymond Felton, and Ray Allen will all eventually get some ridiculous money thrown their way from teams that are desperate to make a splash. They are good, but should only be additions to an already good team not THE addition that makes them a team. Continue reading
I’ve had numerous friends over the past month or so ask me about the Warriors sale, and what I thought their plans were going to be for the upcoming free agent bonanza that started today. The answer keeps being “not a whole lot” for both questions. I wanted to get up a post on something related to the sale for awhile now, and haven’t had anything really worthy of reporting to our awesome readers. Unfortunately, the sale process has been about as fast moving as the whole Cohan era, and nothing is going to happen sooner than expected. We originally thought there was a chance that we’d have a new owner in place by July, but now it sounds like we are going to have to wait at least until mid to late August to find out who will try to bring us out of our 15 year misery. As far as the free agency thing goes, we are pretty much going to avoid any possible moves that would make the team better in an effort to end the Cohan era in rightfully disappointing fashion. I guess I didn’t really expect them to do much since most of their money is tied up, but they do have a nice bargaining chip in Monta Ellis to obtain a player that wants to play alongside Curry. I actually don’t care what they do until they have a new owner that WILL clean house. I prey that new owner doesn’t trade away my mancrush, Curry. My dream scenario that I doubt would ever happen, but may as well throw it out there is; Ellis, Biendris (throw in a first round pick) for Gasol and Gay (if Gay goes for the sign and trade since he’s a restricted free agent). This will never happen, and at this point the fans are the only true asset to this franchise, and if possible, Cohan would’ve traded us for cash to the Lakers long ago.
Now, to the sale of the team. From what I’ve read, the nonbinding bid round is over. I wasn’t a fan of this non-binding bid thing, I mean, if I wanted to write $400M on a piece of paper with my name on it, and had sent it to them, that would’ve counted as a bid, which is why I think they had twenty or so bids during that first round. Now that we’ve passed the opening stages, the Warriors have opened up their books for the top four potential owners to look at, and evaluate. I believe all the groups have actually visited Roaracle and taken a tour the facilities. Now that the bidders have seen the books and facilities, they are now submitting binding bids. If there are two close to eachother, I’m sure Cohan will allow those two to punch it out, so he can get his top $ for the team. Here are the top four bidders in the mix, and I have to say I’m heavily rooting for the first two over the last two. Continue reading
It’s been reported once again by ESPN that the free agent summit was in full effect. This time it reportedly has taken place over the past weekend with Lebron, D-Wade, and Bosh all connecting in Miami (to read the whole groundbreaking article click here). I guess this is news. I’m sure they got a lot accomplished. I mean, do these guys really even know what teams will offer them? They probably generally know about what each team can offer them, but won’t know officially until they go and visit the teams on or after July 1st. I find it funny that this whole meeting is being covered so heavily, it must be really slow in the sports world. I like what Chris Broussard and Marc Stein came up with as their conclusions in this article. They reported that Lebron is interested in joining Miami, and so is Chris Bosh, shocking I know. They also reported that Bosh and Lebron could go to Chicago… you don’t say, I haven’t even heard that scenario! Oh wait a minute, they also said that Lebron could stay in Cleveland. Wholly crap this is groundbreaking stuff guys! They also said that Wade has meeting scheduled with the Nets and Knicks, wholly crap, I think all the top free agents have meeting with those two teams! It sounds like they accomplished a lot over the weekend having this trio of stars meet up in Miami. I mean seriously, what could they have talked about. Hey guys, who wants to take less money so all three of us can play together? Nobody, okay, so which two of us get to play together? Oh, I guess we can’t really make that decision either without knowing what contracts these teams want to give us… Good talk guys hopefully one of you picks the same team as me! Honestly, why did they even need to meet up? Why not just jump on a conference call or skype it? This whole summit idea grinds my gears! Maybe not so much that the players met, but the fact that it has to dominate the newswires today.
The Sacramento Kings have a pretty strong reputation when it comes to drafting. They’ve certainly had more Stojakovics, JWills, Tyrekes, and KMarts than they have Pervises, Abdul-Wahads, and Doubys. Either way, I don’t think I’ve ever seen the entire city, from management to the media to the fans, collectively on the same page. This is the same fan base that booed the selection of Peja Stojakovic in 1996. But this year, at every level, the sentiment was the same: get Cousins. The Kings did that, which wasn’t too much of a surprise due to the predictability of the first five picks, but it was the second round selection that really had fans buzzing. Hassan Whiteside was a lottery pick in many mock drafts, and a first rounder in the rest of them. Somehow, though, he slid all the way to number 33, and suddenly, a risky first round pick turned into a steal in the second round. The Kings have been trying to get bigger for years now, and in a matter of a week, they can boast a frontline of Samuel Dalembert, Carl Landry, Jason Thompson, and DeMarcus Cousins. By the end of the night, they have another 7-footer, Whiteside, to add to their depth. Now set at the 4 and 5, there are two glaring holes on the roster: Point Guard and Small Forward. Now, I’m not convinced that Tyreke Evans can’t be a point guard in this league, and you can do worse than Beno Udrih, but the Kings desperately need a true point guard to run the offense. Out on the wing, a trio of Francisco Garcia, Donte Greene, and Omri Casspi is a pretty solid unit, but they need a guy who can consistently put up 15-20 points, rather than having to roll the dice each game trying to figure out which one of these three guys is going to show up that night. But this is all okay with me. Now that the frontcourt is set, the needs are clearer than ever for the franchise. The best part is, there’s plenty of assets, both financially and personnel-wise, for the front office to acquire some quality players to fill those holes. With the much anticipated draft in the books, let’s turn our attention to offseason frenzy that’s about to ensue – one that the Kings aren’t projected to be major players in, but can easily make some significant moves.
So I was thinking about this a little bit more and thought it makes a whole lot of sense. Sure, there are about a half-dozen teams that will offer James the max salary, probably something close to 30M/yr for 6 years. But is that enough to get Lebron? I don’t think it is, because he can get a team to the Eastern Conference Finals 5 years in a row whether you have a supporting cast in place already or if you build one around him progressively. He proved that in Cleveland, and he’ll do it anywhere in the East. I think ownership will have to be included to really lure Lebron, and of course it will be another first in the NBA (if it’s legal in the NBA… is it?).
Anyways, here’s my theory: Let’s say the Bulls and Jerry Reinsdorf are desperate to get back to where they were in the 90’s with Jordan. And let’s say that the Bulls are worth, oh, about $600M estimated (quick search found this value as of 2008). And let’s say the value of ANY franchise, even the Bulls, will grow at least 50% over his 6 year contract. That’s a net worth of $900M after 6 years. And let’s say the Bulls gave Lebron a 10% stake in the team to lure him in, just enough to get his attention but not too much to where you as the owner still have total control. With the proper valuation figures in place for the negotiation(not just my mba-quality guestimation), Lebron’s net worth can possibly grow an extra $60M in year 1 to $90M in year 6. So, along with the contract value approaching $180-200M over 6 years, he would in fact be netting closer to $275-300M over that time frame, or an average net-worth of $45-50M a year on the higher end of my valuation theory.
Same should be said about the Knicks, whose value was actually a little bit more in 2008. They would easily grow 50% over 6 years in their market after a string of playoff appearances, and you could argue they might actually grow way more than 50%. Those higher end figures could be more on the lower end at that point.
Anyways, again I don’t think it’s legal for a player to own a team while he’s playing, but if it is, and you want the greatest player of his generation for his entire prime and possibly more, this is what I would do if I was an owner.