CJ's wine-ing

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This explains everything. He is no Lillard. Except in his pay. Which he needs to spend. Which explains this. And how he plays. A circle of reasoning.
 
That's awesome. CJ is diversifying . He is a shoo-in to succeed after basketball. I could see CJ ending up on World News Tonight. He's a natural. That being said, he burns inside to be the best he can on the court. I'm sure he hears the noise. But he's able to deal with it better than most. Perfect to be a future correspondent , or news host.
 
jlprk said:
This explains everything. He is no Lillard. Except in his pay. Which he needs to spend. Which explains this. And how he plays. A circle of reasoning.
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Nobody else is Dame either. CJ is trying to be the Best CJ. Looks to me like he has a plan, and is using his money to make more money. And I LOVE, how he's investing in Oregon. That's a lot like Dame.
 
WesleyMatthews said:
Really cool. Looks like it goes on sale 9/27. I'll try to by some bottles.
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The article says they already have wine being produced. This new property won't produce useful fruit until ~2025
 
Eastoff said:
The article says they already have wine being produced. This new property won't produce useful fruit until ~2025
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yup. Cj already been slanging wine. Him buying property, if there’s no producing vines at this time, he won’t be producing estate-based wines for minimum 3 years, but most likely a few years beyond.
 
riverman said:
A lot of wineries buy grapes from vineyards where wine isn't made....the bigger wineries can't grow enough grapes to produce the stock they need themselves...other than a few like Gallo who own a zillion vineyards
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this never happens

:smiley-195517897341
 
BLAZINGGIANTS said:
this never happens
WS
:smiley-195517897341
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I just read up on it and you're wrong....it happens all the time. The New York Times just ran an editorial about the relationship between grape farmers and wineries and why they are necessary to fill the demands...there are many articles about it...as I said two of the wineries I've lived around farmed out grape production....
 
BLAZINGGIANTS said:
Wait…. Right?
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I have no idea what your question is...but grape farmers subcontract to wineries...google is your friend if my own 2 experiences about it don't float your boat...here Lavelle and King buy grapes ...in Nevada City the winery does as well....what's your point?
 
riverman said:
I just read up on it and you're wrong....it happens all the time. The New York Times just ran an editorial about the relationship between grape farmers and wineries and why they are necessary to fill the demands...there are many articles about it...as I said two of the wineries I've lived around farmed out grape production....
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dude, it was a joke…. I’ve been in the wine industry for two decades…. heck, I run a winery.
 
not many details about what the McCollum's purchased other than 318 acres

they purchased an existing retail nursery that CJ's wife want to keep going. Most of the acreage is undeveloped. There is a 5 acre lake and a gravel quarry on the property; strange combo

plant-able vineyard acreage in the Willamette valley sells in the $15,000-50,000/acre range. The nursery, which is reportedly a thriving one favored by CJ's wife will add value. So will a 5 acre lake. So then, the sale price could have been in the 10 million range, perhaps more. Expensive hobby
 
At any rate real estate is a sellers market right now...Odd time to make such a big purchase but money isn't a problem for CJ at all these days and the wine industry is more than a "hobby" in his life. CJ is a doer. Now with a child coming he's building his foundation....I'm glad he's doing it here.
 
wizenheimer said:
not many details about what the McCollum's purchased other than 318 acres

they purchased an existing retail nursery that CJ's wife want to keep going. Most of the acreage is undeveloped. There is a 5 acre lake and a gravel quarry on the property; strange combo

plant-able vineyard acreage in the Willamette valley sells in the $15,000-50,000/acre range. The nursery, which is reportedly a thriving one favored by CJ's wife will add value. So will a 5 acre lake. So then, the sale price could have been in the 10 million range, perhaps more. Expensive hobby
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A lot better then buying a bunch of cars or other purchases that are not an appreciating asset. Heck he might make a ton of money off it. His wines have all sold out at $50 a bottle in hours. Maybe he will be the Paul Newman salad dressings of wine some day.

Even if he loses some I'm sure having signed over $200 million in NBA contracts with the chance to sign more plus his endorsements, he will be fine.
 
WesleyMatthews said:
A lot better then buying a bunch of cars or other purchases that are not an appreciating asset. Heck he might make a ton of money off it. His wines have all sold out at $50 a bottle in hours. Maybe he will be the Paul Newman salad dressings of wine some day.

Even if he loses some I'm sure having signed over $200 million in NBA contracts with the chance to sign more plus his endorsements, he will be fine.
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It's also likely a tax shelter because I believe if he's qualifying it as a business purchase the land tax is lower than residential and obviously much lower than his income tax bracket. So he gets time to grow his grapes and new business and have a hobby and get out of some income tax. That CJ is always thinking, he might annoy the shit out of me on the court sometimes, especially when paired with Dame but he is seemingly a really good guy and brilliant off of the court.
 
It's not a tax shelter, though there are some various tax advantages related to the property. CJ bought a nice property in an up-and-coming AVA, with one-third to one-half of it being plantable (at most) for vineyard at this time (but the land needs a bit of work to plant that much as vineyard). The property is not something one should expect to be fully developed to vineyard, but there are multiple business opportunities for the particular property.
 
tykendo said:
That's awesome. CJ is diversifying . He is a shoo-in to succeed after basketball. I could see CJ ending up on World News Tonight. He's a natural. That being said, he burns inside to be the best he can on the court. I'm sure he hears the noise. But he's able to deal with it better than most. Perfect to be a future correspondent , or news host.
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Burns inside? Perhaps effort on defense and avoiding tunnel vision when he has the ball in his hands could be points of emphasis? I don’t know how many possessions he had shooters like Simons WIDE open and he dribbled into a contested shot of some kind. He needs to stop working on dribbling and shooting where he is elite and work on legitimately every other aspect of the game.
 
BLAZINGGIANTS said:
It's not a tax shelter, though there are some various tax advantages related to the property. CJ bought a nice property in an up-and-coming AVA, with one-third to one-half of it being plantable (at most) for vineyard at this time (but the land needs a bit of work to plant that much as vineyard). The property is not something one should expect to be fully developed to vineyard, but there are multiple business opportunities for the particular property.
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His wife already said she wanted to keep the nursery on the property operational.
 
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