$75 Million Dollars

[Spencer Hawes]

The real winner here is the government. They get to rape the players and agent for 50% of their earnings.

 

[MikeOC33]

Well, the NBA as a whole will be better for it, from a corporate stance. The rest of the teams get to revenue share that, which really does help the smaller market teams.

That said:

On the whole I believe this to be a really really bad thing for the sport. The higher luxury taxes were a move to mitigate over spending and Miami style collusion...I mean team building. Circumventing this with Brute force can create a monster. It could create another Heat team, or in this case, it can create an also ran which will ultimately have no draft picks for the next half decade and an aging/ancient roster.

If that is the future then IMHO its a grim one.

Welcome to the MLB model... which as a fan of a small market team.... I really, really hate. (Yes, I know their revenue sharing model is different than the NBA)

baseball’s 2013 season.

1.New York Yankees — $228,995,945
2.Los Angeles Dodgers — $216,302,909
3.Philadelphia — $159,578,214
4.Boston — $158,967,286
5.Detroit — $149,046,844
6.San Francisco — $142,180,333
7.Los Angeles Angels — $142,165,250
8.Texas — $127,197,575
9.Chicago White Sox — $124,065,277
10.Toronto — $118,244,039
11.St. Louis — $116,702,085
12.Washington — $112,431,770
13.Cincinnati — $110,565,728
14.Chicago Cubs — $104,150,726
15.Baltimore — $91,793,333
16.Milwaukee — $91,003,366
17.Arizona — $90,158,500
18.Atlanta — $89,288,193
19.New York Mets — $88,877,033
20.Seattle — $84,295,952
21.Cleveland — $82,517,300
22.Kansas City — $80,491,725
23.Minnesota — $75,562,500
24.Colorado — $75,449,071
25.San Diego — $71,689,900
26.Oakland — $68,577,000
27.Pittsburgh — $66,289,524
28.Tampa Bay — $57,030,272
29.Miami — $39,621,900
30.Houston — $24,328,538

 

[MikeOC33]

sorry you are right. He has you killed.

Not that the dead guy cares who pulled the trigger or swung the fire extinguisher....

http://www.youtube.com/watch?v=hqPl-QAOLLQ

(from the movie Irreversible)

 

[Cavalierfan]

I don't see this as a bad thing. In order to acquire these ancient, overpaid, declining players, it's going to cost him tens of millions of dollars and draft picks for the rest of the decade. We said these same things last summer when the Lakers had Kobe, Nash, Howard, and Pau. They finished 7th in the West.

In baseball the luxury tax isn't nearly punitive enough. It's only dollar for dollar. In the NBA when they start having to pay 4x for each dollar over the luxury tax and the tax figures start to reach 9 figures for a team that isn't even a realistic title contender and the shine of a team in Brooklyn wears off - this isn't going to end well for NJ. With a cut of the money coming to Cleveland to help fund our rise, I'm all for it.

 

[secund2nun]

He makes 21 million dollars a week, so he probably brushes it aside.

 

[Fuggles]

oh good

Only Biw seems to agree with the orginial post. It makes me feel better about this place.

 

[Biw]

if dan gilbert was dropping $200 million to be a perpetual 4 seed and 2nd round playoff exit as a best case scenario there would be far more people questioning his abilities and intelligence as owner than applauding his deep pockets.

I understand that, but I'm talking about spending a lot money, not necessarily where all that money takes you. Of course if Gilbert was spending 200 million a year for a team to be a 2nd round exit every year, he would have a lot of people questioning him. If we were winning championships every year, I still don't think too many Clevelanders make this same argument. The new look Nets haven't even played a game yet so the jury is still out on whether or not Prok made the right choice.

I guess I just don't have an issue with an owner spending whatever money at his disposal to try to improve the team. Whether or not the moves actually improve the team is another story.

 

[tsteele316]

I understand that, but I'm talking about spending a lot money, not necessarily where all that money takes you. Of course if Gilbert was spending 200 million a year for a team to be a 2nd round exit every year, he would have a lot of people questioning him. If we were winning championships every year, I still don't think too many Clevelanders make this same argument. The new look Nets haven't even played a game yet so the jury is still out on whether or not Prok made the right choice.

I guess I just don't have an issue with an owner spending whatever money at his disposal to try to improve the team. Whether or not the moves actually improve the team is another story.

the new look nets still aren't going to beat miami or indy in the east and wouldn't beat most of the top 4 in the west. so, no, it's not a good investment of money and if dan gilbert did it he would be getting raked over the coals on here.

 

[Biw]

the new look nets still aren't going to beat miami or indy in the east and wouldn't beat most of the top 4 in the west. so, no, it's not a good investment of money and if dan gilbert did it he would be getting raked over the coals on here.

Again I'm not arguing about what the money is spent on, I'm saying I have no problem with an owner spending as much money as he did. I don't think the Nets have enough to beat Miami either.

Hypothetically speaking if Wade and Bosh were willing to come here back in 2010 and Gilbert decided to pay out the ass in luxury tax to bring them here, no one here would be pissed off that Gilbert was trying to "buy a championship".

 

[CornerThree]

Each time one of these sports teams sells for something outrageous, the value of other franchises theoretically increases throughout the league. Wouldn't shock me if the Nets increased in value by 75m a season at this point. Forbes only has them worth 530m on paper, and that seems really low.

 

[Mazer]

Welcome to the MLB model... which as a fan of a small market team.... I really, really hate. (Yes, I know their revenue sharing model is different than the NBA)

baseball’s 2013 season.

1.New York Yankees — $228,995,945
2.Los Angeles Dodgers — $216,302,909
3.Philadelphia — $159,578,214
4.Boston — $158,967,286
5.Detroit — $149,046,844
6.San Francisco — $142,180,333
7.Los Angeles Angels — $142,165,250
8.Texas — $127,197,575
9.Chicago White Sox — $124,065,277
10.Toronto — $118,244,039
11.St. Louis — $116,702,085
12.Washington — $112,431,770
13.Cincinnati — $110,565,728
14.Chicago Cubs — $104,150,726
15.Baltimore — $91,793,333
16.Milwaukee — $91,003,366
17.Arizona — $90,158,500
18.Atlanta — $89,288,193
19.New York Mets — $88,877,033
20.Seattle — $84,295,952
21.Cleveland — $82,517,300
22.Kansas City — $80,491,725
23.Minnesota — $75,562,500
24.Colorado — $75,449,071
25.San Diego — $71,689,900
26.Oakland — $68,577,000
27.Pittsburgh — $66,289,524
28.Tampa Bay — $57,030,272
29.Miami — $39,621,900
30.Houston — $24,328,538

My 8-yr old is a star for his age at baseball. I love going to his games, and we also hit a lot of the local high school games.

But for the above reason, I can't get into MLB. What fun is it to be a fan when you go into the season knowing the Yankees/Dodgers/Red Sox have spent 3 times the money that your small market team has on their roster? The odds are stacked against you before you even go to spring training.

 

[Damage]

Yea, I don't think people realize how much he's worth. Precious Metals industry is ridiculous, and he essentially owns the Eastern Euro/World market

 

[The Voice]

Paul Allen is estimated to be worth more then him and he isn't stupid enough to spend that in the luxury tax.

 

[KB]

Yea, I don't think people realize how much he's worth. Precious Metals industry is ridiculous, and he essentially owns the Eastern Euro/World market

Most of his money is cash/liquid assets because he was forced to sell stake in the Precious Metals company you're talking about, Norilsk Nickel.

When I say forced to sell his stake they made him give up 100% of his Norilsk Nickel ownership, not that he wasn't compensated for it (7 billion cash, 3 billion in stock of a mining company the ONEXIM Group which he no longer has holdings with)

He also sold his interest in Polyus Gold back in Feb of this year So as far as I can tell he is no longer in the Precious Metals industry. He also had to resign any paid positions in the companies in 2011 when he ran for politcal office in Russia, paying for a large amount of his campaign out of pocket iirc.

http://www.bloomberg.com/news/2013-...es-as-prokhorov-sells-stake-moscow-mover.html

He spent a 700+million on to buy Nets and if he drops 200-300$mil on payroll which comes out around billion every 3 years. If the spending keeps at this pace he might be able to keep up at that pace for about decade if he has no other investments maybe two if he has other investments bringing in money (which I would imagine he would have other investments, not that those can't go belly under though)