Blazers lease expires in what 8 years? I expect the team to move at that point. Bay area only has one team. Seattle doesn't have a team. Vegas has more disposable income. The Portland TV market can't compare to those deals. Comcast only pays the Blazers $10million a year! The Lakers TV deal is worth $3billion. I'm actually surprised clippers didnt sell for more to a TV network. They could buy the whole team which includes all broadcast rights plus have all the other benefits of ownership.
Well put. Yet once the Sterling's receive the check, they're out of the communist bloc, back on the safe side of the Berlin wall, and no longer subject to Comrade Silver's oppressive regime. Hence, there's no reason why their assets should be divided amongst the proletariat.
Again I understand that it isn't. And will never be. But they can easily put it in terms of any sale. You're required to give X percentage on profit made from sale minus taxes and whatever. Sales require an approval process and vote by the league so it's not like anyone is making a quick silent transaction and then goes haha I made a billion and you can't touch me.
Again I understand they do not currently. But by those same agreements of the association, they COULD. And is my opinion they should in some fashion
The reason they can't do it is it isn't a predictable recurring funds and technically it is usually considered a debt not an asset. Also where do you draw the line? All active NBA players, players only on that team, players that were on the team during the selling owners involvement?
I'm not saying you give them each a cut of it, like anyone on the team gets 5%. But that a percentage is included in basketball related income for that year, to adjust what the cap is and all that. So if normally they split up 5 billion, and x percentage goes to players, now the percentage increases with the sale.
Lawyer: Donald Sterling to sue NBA for $1 billion http://sports.yahoo.com/news/lawyer--donald-sterling-to-sue-nba-for--1-billion-212907563.html
Even if this were possible, and I'm not sure legally it is, why would the other owners agree to such a precedent?
I don't see what would make it illegal. And owners wouldn't. Players mentioned it and I agree with the players. It's not going to happen. I've stated that. Thinking it should and thinking it could or will are two different things.
Donald Sterling has Alzheimer's and that's why doctors declared he is incompetent to have a voice in the sale of the L.A. Clippers ... TMZ Sports has learned. Sources connected with the Sterling family tell TMZ ... the trust agreement that governs the family's ownership of the team provides if 2 qualified doctors determine either Donald or Shelly shows "an inability to conduct business affairs in a reasonable and normal manner" ... they will then be stripped of control over the team. We're told earlier this month Donald agreed to an examination by 2 prominent neurologists. He underwent extensive tests, including a CT and PET scan. We're told both doctors diagnosed Donald with Alzheimer's and concluded he may have had the disease for as long as 5 years. The doctors both concluded he did not have the ability to conduct the business of the team. Under the trust agreement ... the doctors' conclusions were enough to strip Donald of control. Our sources say Donald can appeal the doctors' conclusions to the California Probate Court. One interesting thing ... TMZ Sports broke the story ... on May 22 Donald signed a letter written to NBA Commissioner Adam Silver relinquishing control of the team to his wife Shelly. It's unclear if Donald's lawyer will now argue the letter is invalid because of Donald's mental incapacity. The problem for Donald -- if his lawyer argues mental incapacity, under the trust agreement he automatically loses control over the team. So it's a Catch-22 for Donald. Read more: http://www.tmz.com#ixzz33FDaiwx5
Adrian Wojnarowski @WojYahooNBA Asked source involved w/ Clippers sale process if Sterling has any legal avenue to stop Ballmer ownership, "No. He is totally boxed in." Scott Cacciola @ScottCacciola NBA announces agreement with Sterling trust, calls off hearing. Rochelle Sterling agrees to indemnify league from lawsuit by husband.
Bill Simmons brings up a point about the CBA that I've brought up before. The gigantic sale price for the Clippers totally changes the landscape for the 2017 CBA renegotiation option. I fully expect the players to opt out, and for the 2017 to be lengthy. It's hard for owners to say with a straight face that the owners are struggling while the value of an NBA franchise has literally quadrupled since the previous CBA was signed. All of this LMA contract stuff will be moot, because the salary cap will be dramatically escalated, and the owners will have no choice but to allow that part of any new CBA to be a large increase in payroll. The NBA just fucked themselves a bit by forcing this sale, and players are already Tweeting about how they were lied to during the 2010 lockout.
The players folded last during the last contract negotiations. They will fold during the next one. Players are players because of talent. The owners are owners because of brains. The owners can survive a year lookout, the majority of players can't. In the end, the owners will always win.
