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SBD/Issue 135/Franchises
NBA Team Notes: T’Wolves Expect To Lose $8M This Season
Published April 7, 2005
In St. Paul, Charley Walters reported the T’Wolves, “who say they lost $17[M] last year by having to pay a luxury tax for exceeding the NBA’s salary cap, hope they won’t have to pay the tax this year but still expect to lose about” $8M (ST. PAUL PIONEER PRESS, 4/5).
CAVALIERS: As new Cavaliers Owner Dan Gilbert fired coach Paul Silas last month and reportedly will also fire GM Jim Paxson, the AKRON BEACON JOURNAL’s Terry Pluto writes in an open letter to Gilbert, “You needed to listen to former owner Gordon Gund, who gave one piece of advice — patience.” Referring to Gilbert’s role as Founder of mortgage company Rock Financial, Pluto adds, “You are not dealing with underachieving salesmen who need to be motivated. Most coaches and GMs work too hard, worry too much. They are evaluated every day by radio, TV, newspapers and fans. They don’t need any more feedback from people who might have played a little basketball in junior high” (AKRON BEACON JOURNAL, 4/7).
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CAVALIERS: As new Cavaliers Owner Dan Gilbert fired coach Paul Silas last month and reportedly will also fire GM Jim Paxson, the AKRON BEACON JOURNAL’s Terry Pluto writes in an open letter to Gilbert, “You needed to listen to former owner Gordon Gund, who gave one piece of advice — patience.” Referring to Gilbert’s role as Founder of mortgage company Rock Financial, Pluto adds, “You are not dealing with underachieving salesmen who need to be motivated. Most coaches and GMs work too hard, worry too much. They are evaluated every day by radio, TV, newspapers and fans. They don’t need any more feedback from people who might have played a little basketball in junior high” (AKRON BEACON JOURNAL, 4/7).
