Re: Thoughts in General, Random Rumors and Musings, Blah Blah 14.0 Eddie Najera Edicion
Posted: Thu Mar 28, 2024 3:31 pm
Does this affect the wolves' willingness/ability to pay tax to keep their core next year?
Sports is our Business
https://forums.realgm.com/boards/
https://forums.realgm.com/boards/viewtopic.php?f=2&t=2353927
Godaddycurse wrote:Does this affect the wolves' willingness/ability to pay tax to keep their core next year?
mademan wrote:Texas Chuck wrote:mademan wrote:Turning down Green+some of their 1sts for Bridges is gonna end up getting Marks fired.
I know Green is the flavor of the month right now, but I'm not yet sold he's all that.
That said it never made sense not to sell high on Bridges knowing you couldn't put a contender around him and you were just wasting these cheap years. Utah made the same mistake with Lauri. Ainge is ruthless enough I thought he might, but the governor may be overruling him.
If a guy can't ever realistically be the best player on a contender, you aren't very good, and teams want to badly overpay, you should generally let them.
Ya wild to me. The value in Bridges was the length and cheapness of his contract. He becomes worth considerably less the longer BRK waits and the closer he gets to his next contract which will likely be an overpay (max). For a team with a dearth of assets and no real direction atm, not selling high makes zero sense.
I must have missed that I thought they had just gotten the money recently from a new source?Texas Chuck wrote:K_chile22 wrote:So if I'm following this correctly, Lore and A-Rod already bought shares of the team, got the rest locked in at an sweet outdated evaluation that they could pay later (but before March 27th), acquired funding, then just... Let the clock run out????? Wtf
They don't have the money and couldn't get it right? Didn't we just see something last week about a lender dropping out? Whalers will have more details because he's been suggesting this result almost from the beginning.
Colbinii wrote:I think it is important for everyone not to take sides as there is still so much we don't know, and both sides making statements as they express their frustration and to control the narrative of what is taking place.
Texas Chuck wrote:K_chile22 wrote:So if I'm following this correctly, Lore and A-Rod already bought shares of the team, got the rest locked in at an sweet outdated evaluation that they could pay later (but before March 27th), acquired funding, then just... Let the clock run out????? Wtf
They don't have the money and couldn't get it right? Didn't we just see something last week about a lender dropping out? Whalers will have more details because he's been suggesting this result almost from the beginning.
wolves_89 wrote:Texas Chuck wrote:K_chile22 wrote:So if I'm following this correctly, Lore and A-Rod already bought shares of the team, got the rest locked in at an sweet outdated evaluation that they could pay later (but before March 27th), acquired funding, then just... Let the clock run out????? Wtf
They don't have the money and couldn't get it right? Didn't we just see something last week about a lender dropping out? Whalers will have more details because he's been suggesting this result almost from the beginning.
My understanding is that Lore and A-Rod currently have the financing in place and were waiting for the NBA board of governors to approve the deal (the board doesn't meet again until sometime in April). The issue seems to be that Glen Taylor is claiming that the NBA had to approve the deal by March 27, while Lore and A-Rod believe that submitting the paperwork and financial documentation to the league was what was required by the deadline.
Colbinii wrote:wolves_89 wrote:Texas Chuck wrote:
They don't have the money and couldn't get it right? Didn't we just see something last week about a lender dropping out? Whalers will have more details because he's been suggesting this result almost from the beginning.
My understanding is that Lore and A-Rod currently have the financing in place and were waiting for the NBA board of governors to approve the deal (the board doesn't meet again until sometime in April). The issue seems to be that Glen Taylor is claiming that the NBA had to approve the deal by March 27, while Lore and A-Rod believe that submitting the paperwork and financial documentation to the league was what was required by the deadline.
If this is all it is, litigations should be on the shorter side.
One of those moments were "Winning cures everything" isn't actually going to remedy the situation
wolves_89 wrote:Colbinii wrote:wolves_89 wrote:
My understanding is that Lore and A-Rod currently have the financing in place and were waiting for the NBA board of governors to approve the deal (the board doesn't meet again until sometime in April). The issue seems to be that Glen Taylor is claiming that the NBA had to approve the deal by March 27, while Lore and A-Rod believe that submitting the paperwork and financial documentation to the league was what was required by the deadline.
If this is all it is, litigations should be on the shorter side.
One of those moments were "Winning cures everything" isn't actually going to remedy the situation
I'm skeptical that the arbitration and/or litigation of the issue is going to be a quick process. This really sucks since there are critical decisions that need to be made over the next 3-4 months in terms of payroll, and having ownership status in limbo could have a major negative impact on the offseason.
?s=46&t=agH1niztkujZdnBjj-2YZg
Update
“ Over the last three years, Rodriguez and Lore purchased 40 percent of the team in two 20 percent installments. They were supposed to acquire the final 40 percent in early 2024 and Taylor was to keep 20 percent.”
However Taylor says they missed the deadline yesterday and has canceled the sale and voided their agreement this morning.
Taylor says he’s gonna run the team as majority owner and that they can keep their 37% they paid for so far.
Arod and Lore are going to file an appeal to the NBA and their legal representation.
Arod and Lore gonna sue Glen Taylor and fight for ownership of the team now.
Mamba4Goat wrote:Being a Wolves fan is hilarious. Everyone should try it.
Texas Chuck wrote:Mamba4Goat wrote:Being a Wolves fan is hilarious. Everyone should try it.
I did. It was called 90's Mavs. Except as bad as things have been for the Wolves, it cannot remotely approach that level of incompetence. Ross Perot Jr bought the team just to build the new arena and surrounding development. An actual competent roster was not the point. And when they hit on 3 straight picks after missing over and over they traded all 3 of Jackson, Mashburn, and Kidd in a 6 day span for a grand total of Michael Finley, Shawn Bradley, 6 games of Kurt Thomas and the AC Green consecutive games banner.
Sorry for incompetence nothing beats the Mavs the decade prior to Dirk and Cuban showing up.
And if you want to know just how bad the rosters got, Mike Iuzzolino was on the Mavs NBA Jam roster. And for you kids this was an arcade 2 on 2 NBA basketball game. This guy was seen as the Mavs 2nd best player. And any of you who aren't Mavs fans who have heard of him are either basketball sickos or are lying lol.
Mamba4Goat wrote:Being a Wolves fan is hilarious. Everyone should try it.
Texas Chuck wrote:Mamba4Goat wrote:Being a Wolves fan is hilarious. Everyone should try it.
I did. It was called 90's Mavs. Except as bad as things have been for the Wolves, it cannot remotely approach that level of incompetence. Ross Perot Jr bought the team just to build the new arena and surrounding development. An actual competent roster was not the point. And when they hit on 3 straight picks after missing over and over they traded all 3 of Jackson, Mashburn, and Kidd in a 6 day span for a grand total of Michael Finley, Shawn Bradley, 6 games of Kurt Thomas and the AC Green consecutive games banner.
Sorry for incompetence nothing beats the Mavs the decade prior to Dirk and Cuban showing up.
And if you want to know just how bad the rosters got, Mike Iuzzolino was on the Mavs NBA Jam roster. And for you kids this was an arcade 2 on 2 NBA basketball game. This guy was seen as the Mavs 2nd best player. And any of you who aren't Mavs fans who have heard of him are either basketball sickos or are lying lol.
HornetJail wrote:The 1992-93 Mavs have an argument for worst team of all time... 11-71 and their -15.2 NET Rating (that ties the 2011-12 Bobcats for the worst ever and they are two full points worse than anyone else in league history). And yes, staring down that roster, I recognize at most 5 names.