The short answer is $600 million “plus.” The $600 million represents economic value of the team based on fundamentals, while the “plus” represents intangible value that is specific to the buyer’s view of the Hawks opportunity. What is the “plus” worth? Keep reading. Pro sports franchises are one of a kind, extremely desirable and rarely available. While that accounts for some of the eye-popping NBA team sales prices lately, it doesn’t make pricing the next one much easier. Each team has its
Free agent Shawn Marion is reportedly set to sign with the Cleveland Cavaliers. Reports have been coming in for days that Marion was leaning towards Cleveland. The four time all-star has been linked to other teams that have been attempting to acquire his services, including the Indiana Pacers. As an NBA veteran it makes sense that Marion was only interested in a contender, and signing with Cleveland will be an ideal situation for someone attempting to win another championship. The 36 year old
Hey! No grown-ups! The kids are in charge! Ice cream for dinner! We don’t have to brush our teeth! We get to fall asleep on the couch with the TV on! Go Bucks! What’s happening in Milwaukee these days is a movie script too bizarre to get greenlighted, even by Disney. After years of being stuck in the NBA’s no-man’s land of barely making or just missing the playoffs, the Bucks basically tanked by accident last season. Now, with a new owner with deep
PHILADELPHIA – Let’s begin with a question. In the three-plus decades since David Stern took the reins as NBA commissioner from Larry O’Brien and handed them to Adam Silver, what do these franchises – the Atlanta Hawks, Minnesota Timberwolves, Golden State Warriors, Memphis Grizzlies, Toronto Raptors, Sacramento Kings, Washington Wizards, New Orleans Pelicans, Charlotte Hornets, Milwaukee Bucks and Los Angeles Clippers – have in common? Answer: None has gone to the NBA Finals. Furthermore, among that group only Denver, Minnesota, Milwaukee, Sacramento and
The owner of the Chicago Bulls Jerry Reinsdorf, released a surprise statement in response to reports that there was growing tension within the organization. The response comes after local Chicago media released a story that there was a growing rift between the Bulls front office, and former MVP Derrick Rose.
Kobe Bryant is set to be featured in a Showtime documentary airing in November. Titled, “Kobe Bryant’s Muse,” the documentary will cover much of the past season that saw Bryant forced to sit out all but six games. The injury was the first in Bryant’s career to keep him sidelined for a significant portion of a season, but wasn’t enough to keep the Lakers from signing Bryant to a two-year, $48 million contract extension. He will be turning 36 next month, and will be
LAS VEGAS- Here at the Hard Rock Hotel, the Milwaukee Bucks are 250-1 to win next year’s NBA title, the longest odds in the league. They even surpass the tank-to-the-bank Philadelphia 76ers, whose top draft pick may sit out the entire regular season for the second consecutive year. But for people not named Jason Kidd, the Bucks aren’t playing for next season. With a pair of 19-year-old kids oozing with potential, showing their natural abilities on the UNLV campus, it’s easy to
Milwaukee isn’t exactly seen as a prime sports market. The Milwaukee Bucks are considered one of the least desirable teams in the NBA, and the Brewers are far from royalty in the MLB. They resemble what you’d expect of a passionate hockey fan base, but don’t have an NHL team. Only the Green Bay Packers hold a big stake in sports fan’s minds. One of the original and most successful NFL franchises has defied the odds as one of the