Monthly Archives: May 2014
Our esteemed EIC and all around good guy Andrew Hall wrote this
troll bait blog earlier questioning the wisdom and long-term ramifications of a historically moribund franchise in the Clippers being sold for a reported 2 Billion dollars. Zune Pope and all around crazy person Steve Ballmer is putting up, as Andrew noted, a reported 10% of his net worth (I bet it’s less than 10%, but whatever) to purchase a team that has historically been horrible. Aside from my normal position of not telling Billionaires what to do with their money, there are lots of reasons why this deal is so big and why 2 Billion might be a steal.
(For what it’s worth, I know Billion isn’t capitalized normally, but I feel when you drop that kind of change, the least I can do is toss in a free capitalization.)
Forbes’ annual valuation of teams put the Milwaukee Bucks at $405 million dollars this winter, and they sold a few months later for a then-record $550 million, setting a precedent that cannot be ignored. Like the Clippers, the Bucks are a historically not-so-competative franchise. Unlike the Clippers, the Bucks aren’t any good now, they don’t have a superstar player, an old arena, beaten fans, AND they aren’t in LA, a top-2 TV market. So from that starting point, we can assume an easy 35% increase from their estimated value of $575 million.
Now comes the fun part.
What Forbes didn’t account for is the recent owner-friendly CBA, and the upcoming media rights deal which will further expand NBA earning capacity overseas (which is the real reason why Goodell keeps trying – and failing – to expand the NFL internationally). And honestly, how could you account for this? There is a potential financial windfall coming that no one could have predicted as recently as 2011, when six NBA teams changed hands, and four more were openly for sale. Hell, the Philadelphia 76ers sold for a paltry $280 million right before this new CBA was signed. The NBA has turned into a multimedia powerhouse, and the new media rights deal is going to easily double the existing one. Now? Getting a shot at owning an NBA team is next to impossible, which in turn brings us to the biggest reason that this was a great deal: competition.
As owning an NBA team becomes simultaneously cooler and super-profitable, the opportunity to own one has never been more scarce. That record $550 million the Bucks sold for this spring? That’s the new FLOOR for franchise purchases going forward, because the bidding process is turning into drinking games for ultra rich people. According to this LA Times article, bidding OPENED at 1.2 Billion and jumped to 1.6 Billion (rejected offers, mind you), before the Zune Pope stepped in and crushed the buildings. Bottom line: this is the new NBA, and the next time we see a franchise change hands I bet we see some more Billions get tossed around.
INTERNET: Ballmer gif me.
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90 Days, kids. 90 days. I think.
Know why the Southeastern Conference is so daggum good at recrootin? Cuz the Southeast is so daggum good at football.
Check out this graph.
The 2014 NFL Draft was a vexing one. In a deep (though not top-heavy) quarterback class, only 2 were selected within the first 31 picks. More troubling, however, is the fact that Alabama’s two-time national championship signal caller, A.J. McCarron, was not one of those two. As a matter of fact, he was not one of the first eight drafted. It doesn’t make sense to me. Let’s review McCarron’s credentials and sit in utter shock as we try to comprehend how he lasted until the 5th round.
He’s A Great Teammate
“Through my college years I’ve never been cocky,” McCarron said. “I’ve always given respect to my teammates before myself.”
This is fact. Quotes attributed to McCarron after Alabama’s Sugar Bowl loss led one to believe that the younger players on Alabama’s roster hadn’t bought in, and felt a sense of entitlement as Alabama players.
Absolutely no disrespect.
As McCarron and his agent told every media outlet that he “had received a first-round grade from pretty much every team” and that he would be gone between picks 16 and 35, we saw the good A.J.: a skinny 6’3 pocket passer who could escape the pocket if necessary. While he doesn’t have requisite NFL arm strength, that’s okay. He’s a guy who went 36-4 during his time in college, which automatically a great NFL QB makes. Just look at
Ken Dorsey Vince Young Matt Leinart Troy Smith Tim Tebow. ALL HAVE THE MOXIE OF NCAA CHAMPIONS!
He’s A Wonderful Decision Maker
What he’s trying to say here is that he will put the Bengals on his back, because his chest is full.
Had he been given the opportunity to learn under PR master extraordinaire Lane Kiffin, as Alabama’s remaining QB’s have, his thought processes would have been so much clearer.
He Wins Despite The Talent Around Him
Where this clip from a Signing Day 2014 article buries the lede is here: ALABAMA HAS HAD CLASSES THAT ONLY FINISHED 3RD NATIONALLY SINCE 2008. Saban has clearly lost control of his recruiting.
He’s Been Raised a Winner…
…has no Oedipus Complex, and is not an attention whore and has no desire to be around attention whores.
A.J. McCarron, future Super Bowl Champion, steal of the draft.
Here’s the thing about on-campus recruiting directors: they’re logistics guys.
Their job is to do the legwork on recruit research (likes, dislikes, interests, possible majors, etc.), handle schedules, make sure everyone is picked up, make sure everyone’s in the right place at the right time,etc. That’s an important—and difficult—job. Hell, I couldn’t do it.
But somebody else can.
I think Jones did a fine job (outside of the time he sent some mail a day early), but I don’t think Georgia’s going to notice he’s gone—at least not outside of the typical hassle that accompanies replacing an employee. I doubt he has an overwhelmingly close relationship with any 2015 targets, because that’s not his job. I doubt any current players are second-guessing their stay in Athens, because it’s not his job to be that close to them.
Read more thoughts here.
That’s all I got/