New Bucks Owners Open To Local Investors Sources: Islanders Draw New Suitors Barclays Center, MSG Rivalry Heating Up Colts To Remain With Irsays Long Term Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes
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SBD/July 6, 2012/Franchises
Knicks Must Weigh Marketing Vs. Contract In Whether To Bring Lin Back
Published July 6, 2012
WILLING TO GO THE EXTRA MILE: In N.Y., Stefan Bondy notes unlike the "vast number of NBA owners," Nets Owner Mikhail Prokhorov has "pooh-poohed the idea of a revamped luxury tax, bankrolling the Nets' unihibited spending and star chasing this offseason." Even if the club does not land C Dwight Howard in a trade with the Magic, it will "most certainly be paying the luxury tax until 2016" with around $230M owed to G Deron Williams and Fs Joe Johnson and Gerald Wallace. Nets coach Avery Johnson said, "When he first bought the team, he said he would do whatever it took to build a championship team. He has a chance to step up and be a really dynamic owner, because as time goes on we're going to be spending a lot of money" (N.Y. DAILY NEWS, 7/6).
THIS IS GOING TO HURT: The GLOBE & MAIL's Jeff Blair writes G Steve Nash in agreeing to a sign-and-trade deal to join the Lakers "dealt Canada’s only NBA franchise something deeper than a flesh wound." The Raptors reportedly had offered Nash a three-year deal for $36M, and Raptors President & GM Bryan Colangelo’s backup plan -- "swapping a lottery-protected first-rounder and forward Gary Forbes to the Houston Rockets for point guard Kyle Lowry -- won’t sell jerseys or drive up television ratings or bring people back to the Air Canada Centre." Blair: "The diehards will buy in, but for the majority of fans in Toronto and across the country, the Raptors will remain something that Maple Leaf Sports and Entertainment uses to pay the bills between Maple Leafs games" (GLOBE & MAIL, 7/6).