Considering he has chosen a partner who is an experienced owner, I would assume so. His family also has incentive to keep the team in Portland. And if Phil Knight is the owner Vulcan will no longer be involved. All good things.
Alan Smolinisky. He is a minority owner with the Dodgers. And I've read that Phil Knight would have a plan to keep the Blazers in Portland and competitive after he dies. https://www.blazersedge.com/2023/6/...ian-lillard-nba-news-alan-smolinisky-seahawks
Unknown. I just know that Phil does well with sports and I don't want Vulcan or Kolde anywhere near the team moving forward. I've just heard too many things. Without Paul around it feels like we're one bad expense report from Cronin being fired and having somebody from Bain Capital take over to liquidate the team.
More games on national TV Jersey patch, more sponsors Nike is sportsy people, not Vulcans, the team will improve Hotter Blazer dancers Greasy food instead of this healthy crap Most importantly... get rid of ROOT Sports
Because it makes sense. You think she's doing it for free? $100 million per year is around the going rate for managing a $2-4B asset in a trust. *Edited for math*
I'm also not an expert in such things, however, from looking online it appears that between .5% and 2% is typical. My initial math was off, so I had a crazy low percentage. I would expect Paul to pay his sister on the high end to manage his trust. And they obviously value the team at far above $2 billion since they didn't give Phil Knight the time of day over a year ago... Washington State Legislature RCW 68.44.140 *Edit* Does it change things if she's only making $80 million per year to keep the Blazers off the market? Plus, she'd be making an additional $96 million for keeping the Seahawks. Roughly $175 million is a pretty decent annual salary...
I don't think that she's managing the trust for free, but the amount and basis of the compensation is that which is speculated. I don't think it necessarily "makes sense" that her compensation is based upon the value of the team. I also don't think the trust's overall asset value would be reduced by the sale of the team; the proceeds from the sale would remain a part of the trust.
But wouldn't being paid based on the overall value be paying her via the trusts principal? If so, that would be against the law in Washington. If she is running the Blazers (and Seahawks) she can be paid out of the team's profits, which would not be the principal. That's why she wouldn't make any more money on the teams if they sold. At least that's how I understand it. Is that incorrect?
Being paid "out of" and "based on" the principal are two different things. You were suggesting that her compensation was "based on" the value of the trust (ie, 2% of the trust value). That wouldn't change after the sale. That line about not being paid "out of" principal was interesting to me, which made me wonder (as you did) from what source her compensation comes. If she is, in fact, being paid with profits from the trust's business operations, that wouldn't necessarily cease upon sale of the team. For instance, the trust still owns the Seahawks as well; those profits would still exist to generate a source of income to the trustee. I'm sure the trust still owns other businesses as well. The sale funds could also be invested and she could be compensated from the rate of return on said investment. There are many possibilities. Again, all I'm saying is that the claim that she benefits financially by not selling the team is all speculation, and I thinks it's irresponsible to state it as fact.
Jody is financially independent. She is not getting any younger. Her decisions should be based on happiness and fulfillment, not more financial gain. Maybe she truly enjoys owning? That could explain why she isn't selling.
Could well be. If so, I don't like it. I want Kolde and Vulcan out of the picture and the team to remain in Portland.
My understanding is that the reason Vulcan isn't selling to Knight is basically an old political squabble between Paul and Phil. Phil donates massive amounts of money to the GOP and Paul supported the Dems ...Phil basically funds GOP candidates who run for office in Oregon wanting to turn it into a red state. When I heard that I lost all interest in Phil Knight owning the team. My own bias as I want Oregon to remain a blue state. I don't think it has anything to do with money when it comes to Vulcan vs Knight. At this point it will be a while before the Blazers are a contender so I don't feel like there's any pressure to sell the team
