Colangelo's contract with the Raptors expires on June 30, 2011 and the media and the team's fans have been waiting anxiously for any indication about which way the team may decide to go with their leader. It has been widely reported that MLSE board member Glen Silvestri, who represents OTPP, has been actively resisting any extension for Colangelo. It is speculated that Silvestri is unhappy with the results of Colangelo's efforts as the Raptors President and General Manager but it is far more likely this board member is merely looking out for OTPP's best financial interests in the pending sale of the team. A new deal for Colangelo will likely entail a $25 million commitment that could adversely affect the purchase price of MLSE in the event a new owner wants a different general manager. Read more NBA news and insight: http://www.hoopsworld.com/Story.asp?story_id=19714#ixzz1LhZbgZ8p
I'm in favour of keeping Colangelo. Admittedly he has made mistakes, but he has also been quick to fix them. His first few years centered around keeping Bosh happy. His moves since Bosh left have been pretty good on the whole (drafting Ed Davis, Jerryd Bayless, James Johnson). Let's give him some more time without any handcuffs. At least keep him for the rebuild. For his faults, he is a great trader and drafter.
So ridiculous that they let it go this late, yet so typical. We should not be keeping him in limbo heading into an important draft and off-season.
Shaw, Bell, and Rogers have reportedly all passed on purchasing MLSE, likely because the teachers pension fund has asked for too much. Don't know if there is another corporation out there that would be interested. Seems the teachers will have that big stake for a while yet.
