One thing I have never understood about Paul's money

[UncleCliffy'sDaddy]

My Sly Stone lyric memory has failed me...you're right!

I’m coming off a recent Sly and The Family Stone mega binge so the words are still fresh in my head.....

 

[riverman]

I’m coming off a recent Sly and The Family Stone mega binge so the words are still fresh in my head.....

Great frickin' band....If you want me to stay is a favorite of mine

 

[ripcityboy]

Great frickin' band....If you want me to stay is a favorite of mine

Love his cover of Que Sera Sera.... just perfect. Too bad he discovered PCP and ripped his own band apart. He was a genius.

 

[UncleCliffy'sDaddy]

Great frickin' band....If you want me to stay is a favorite of mine

Mine is (no surprise) “Higher”. Great song......and where Wheels appropriated “boomshakalaka” from I assume.....

 

[riverman]

Mine is (no surprise) “Higher”. Great song......and where Wheels appropriated “boomshakalaka” from I assume.....

whenever I hear Hot Fun in the Summertime I can smell chlorine and suntan lotion

 

[hoopsjock]

In the summer of 2016, he signed the following contracts.

CJ- 106 mil
AC- 75 mil
ET- 70 mil
MH- 42 mil
ML- 41 mil

And he paid Varejao nearly 14 mil just for a single draft pick that became Swanigan.

That's a commitment to pay nearly 350 mil in just contracts alone that he made in a period of months. This is a year after committing to 130 mil for Dame.

Our revenues are consistently among the bottom of the league. If he is running this like a business, it's not really a good one.

Most of the Varejao money would have had to be paid anyway since the Blazers were under the cap floor. You do have a point with the contracts though. I really think he got pretty excited that summer and reacted emotionally as just a year prior was a pretty big low with Aldridge leaving.

 

[SlyPokerDog]

That's one thing I've never understood about Paul either. It wouldn't take a ton of money to have hired somebody like Jerry West as an advisor. Hes the brightest mind in the business. But it's a mute point now.

Maybe he has tried.

 

[riverman]

Fact is Olshey and the front office banked on some of our young talent making the leap and they underwhelmed....Mo, Meyers ....Mo may still do it...Meyers will probably just be a backup until we let him walk ....is what it is

 

[ripcityboy]

Maybe he has tried.

Hmmm..... is that an inside take.

 

[UncleCliffy'sDaddy]

whenever I hear Hot Fun in the Summertime I can smell chlorine and suntan lotion

Family Affair was always the most fun to sing along to, especially when hangin’ out with the guys. One guy would take the lead part, another would handle the falsetto while another would take it low for the “mother bear” part. Good clean drunken teenage fun.......

 

[Denny Crane]

Billionaires need losses for tax write offs is my understanding...Paul Allen makes interest on his investments that probably in a couple of weeks cover his Blazers investment..he doesn't give a shit about the luxury tax if it's worth it to win...and he's said that many times..cracks me up how fans worry about the Blazer's budget

You have to spend money to get a write off. The write off might be 50% of what was spent. I don't think rich people stay rich by losing money in their ventures. If someone owns assets that increase in value and are worth $billions, there's only tax paid if the gains are captured (by selling them).

Given how much money most billionaire make in other ventures.... are sports teams really that profitable? Even though they are license to print money they have massive overhead. I always figured owners bought teams because they can be passionate about it and support their local franchises. Also, sports helps passify the masses and stops us from chopping their heads off due to civil unrest. So that may be the biggest reason.

A lot of teams are businesses, the sole business of the owner(s). So they do try to make money.

The $billionaire who owned the Nets a few years ago paid massive luxury tax. It stung him so bad he cut the payroll and ended up selling 49% of the team.

While it's one thing to pay a few $million extra on the team, it's another to lose a 1/4 $billion in luxury tax alone, to defeat the CBA.

To get that $.25B, the guy had to sell $.5B worth of assets, and had to pay cap gains/income tax on that.

 

[handiman]

In the summer of 2016, he signed the following contracts.

CJ- 106 mil
AC- 75 mil
ET- 70 mil
MH- 42 mil
ML- 41 mil

And he paid Varejao nearly 14 mil just for a single draft pick that became Swanigan.

That's a commitment to pay nearly 350 mil in just contracts alone that he made in a period of months. This is a year after committing to 130 mil for Dame.

Our revenues are consistently among the bottom of the league. If he is running this like a business, it's not really a good one.

In other words, he's running it like all of his businesses. Dude lost $30B in net worth in a fairly short period of time.

 

[Cippy91]

Problem isn’t stotts, it’s olshey

 

[Orion Bailey]

Problem isn’t stotts, it’s olshey

Or peoples lack of patience FOR Olshey....

 

[ripcityboy]

You have to spend money to get a write off. The write off might be 50% of what was spent. I don't think rich people stay rich by losing money in their ventures. If someone owns assets that increase in value and are worth $billions, there's only tax paid if the gains are captured (by selling them).



A lot of teams are businesses, the sole business of the owner(s). So they do try to make money.

The $billionaire who owned the Nets a few years ago paid massive luxury tax. It stung him so bad he cut the payroll and ended up selling 49% of the team.

While it's one thing to pay a few $million extra on the team, it's another to lose a 1/4 $billion in luxury tax alone, to defeat the CBA.

To get that $.25B, the guy had to sell $.5B worth of assets, and had to pay cap gains/income tax on that.

Didn't another reason that Prokhorov had to sell off tons of his assets was because he ran afoul of Putin? Something related to the Panama Papers.

 

[Cippy91]

Or peoples lack of patience FOR Olshey....

My patience ran out the summer he threw out ridiculous contracts. Talk about a panic move, Evan turner was the ultimate panic signing. Oh and we are paying a guy 10 mil a year to sit on the bench. Not to mention giving up crabbe for nothing. Him recently saying he doesn’t wanna split up the back court. We have zero assets. At least ones we need or should give up. Aminu, Davis, Napier are all pieces we kinda need. Those are your most valuable assets. If you don’t trade cj, youre stuck in mediocrity with this team. Simple as that

 

[Chris Craig]

Forget Brad Stevens. There are other guys in the NBA who is vastly underrated like Snyder from last night, or Eric Spoelstra.

Terri still isn't the problem, though. It's this damn roster. Getting blue in the face bitching about Neil.

We don't have the best roster, no. But, neither is Terry utilizing what he has. He is stuffing all of the players into his 3 point heavy style of play. A good coach builds the system around the players. There is no inside presence. He is ignoring his big men not running offense through the paint. Nurk could become a beomoth inside. Collins and Swanigan could do damage in there too. But, its mostly threes and most of portlands points in the paint come from the guards. Stotts doesn't seem to have a great understanding of fundamental defense. Though the Blazers have gotten better in that area. He is an offense guy through amd through.

Also a good coach can anaylze an opponents tendencies and patterns and figure out how to exploit them to win games. Stotts struggles here, especially in adapting to other teams playing styles and making in game changes. He often waits to long to take timeouts and bring starters back in the game.

A good coach understands and know how to motivate players, knows how to drive their potential. A good coach understands his players strengths and weaknesses and learns how to balamce them to get the best production for the individual plauer and team.

 

[SlyPokerDog]

Not to mention giving up crabbe for nothing.

What did you want him to do with Crabbe? That option was to let him walk for nothing or match the Nets stupid contract offer. We matched it. You really think he didn't want to get something for Crabbe?

 

[Denny Crane]

Didn't another reason that Prokhorov had to sell off tons of his assets was because he ran afoul of Putin? Something related to the Panama Papers.

$250m is a LOT of money, even to a $billionaire.

 

[Chris Craig]

What did you want him to do with Crabbe? That option was to let him walk for nothing or match the Nets stupid contract offer. We matched it. You really think he didn't want to get something for Crabbe?

In hindsight should have let him walk...but at the time Crabbe looked like he was going to become something good.

 

[Denny Crane]

In hindsight should have let him walk...but at the time Crabbe looked like he was going to become something good.

In hindsight, people would have blown a gasket over letting him walk for nothing in return.

 

[Chris Craig]

In hindsight, people would have blown a gasket over letting him walk for nothing in return.

Some would have yes...but after seeing how he has performed in Brooklyn...people would have relaxed on that.

 

[riverman]

You have to spend money to get a write off. The write off might be 50% of what was spent. I don't think rich people stay rich by losing money in their ventures. If someone owns assets that increase in value and are worth $billions, there's only tax paid if the gains are captured (by selling them).



A lot of teams are businesses, the sole business of the owner(s). So they do try to make money.

The $billionaire who owned the Nets a few years ago paid massive luxury tax. It stung him so bad he cut the payroll and ended up selling 49% of the team.

While it's one thing to pay a few $million extra on the team, it's another to lose a 1/4 $billion in luxury tax alone, to defeat the CBA.

To get that $.25B, the guy had to sell $.5B worth of assets, and had to pay cap gains/income tax on that.

My point is Paul isn't sweating losses.....

 

[Denny Crane]

Some would have yes...but after seeing how he has performed in Brooklyn...people would have relaxed on that.

Crabbe has started 46 of 53 games for them, upped his scoring from 10.7 with us to 12.3 for them. Only his shooting has suffered.

He is playing on an awful team.

 

[MARIS61]

What part of billionaire don’t you understand?

He can offer WHATEVER IT TAKES TO SIGN THE TOP 15 PLAYERS IN THE LEAGUE and pay the so-called luxury tax without even noticing the cost.

For whatever reason, winning an NBA Championship has never been that important to him.

 

[Denny Crane]

My point is Paul isn't sweating losses.....

Right, he's not. He's not losing money hand over fist on the team, yet.

I think he will pay what it takes when it's needed. As it is, he's been more than generous.

 

[Chris Craig]

Crabbe has started 46 of 53 games for them, upped his scoring from 10.7 with us to 12.3 for them. Only his shooting has suffered.

He is playing on an awful team.

Excuses excuses, he is no where near worth the kind of money he was paid. He could get traded to a contender and hed play the same

 

[Orion Bailey]

My patience ran out the summer he threw out ridiculous contracts. Talk about a panic move, Evan turner was the ultimate panic signing. Oh and we are paying a guy 10 mil a year to sit on the bench. Not to mention giving up crabbe for nothing. Him recently saying he doesn’t wanna split up the back court. We have zero assets. At least ones we need or should give up. Aminu, Davis, Napier are all pieces we kinda need. Those are your most valuable assets. If you don’t trade cj, youre stuck in mediocrity with this team. Simple as that

This has been debated to death. Not gonna argue with you on it. I believe your opinion of history is inaccurate.

But you can keep saying the same thing over and over and over beating a dead horse like a few others on here....But its a waste of your time and energy at this point. You arent convincing anyone of your opinion that hasnt already been convinced.

 

[Cippy91]

What did you want him to do with Crabbe? That option was to let him walk for nothing or match the Nets stupid contract offer. We matched it. You really think he didn't want to get something for Crabbe?

We still let him go for nothing so in the end it didn’t matter.

 

[illmatic99]

This thread has some gems.

We have to match. Can't keep losing assets for free.

Hate that I voted YES.

Crabbe right now is pretty equivalent to Demarre Caroll before his big contract (4/60), or Wesley Matthews in UTA (similar massive jump at the time). How much do ATL and UTA regret letting these guys go? If AC can produce 12-15 ppg for us on good efficiency and above average defense in about 30 mpg, then this contract is fine. Kent Bazemore just got the same kind of contract. Matthews with his ACL got a 4yr/ 70 mil deal last season from Dallas. This is the new reality.

The trade kicker and player option sucks, but $ wise, it's not too bad. The biggest concern here is opportunity cost. Luxury tax implications, especially if we're in it in consecutive years, is going to suck, but it should not be too hard to shed contracts. Saving Paul Allen money should not bother any of us in the least bit.

For a team like ours that is just now building, and accumulating assets, we can't be giving up legit home grown talent right when we're on the cusp of breaking out. It's a bad practice for moving from a middling playoff team to a contender.

ugh ugh ugh. So much regret.

If we let him walk away for nothing, we will regret it.

Once again, here are Crabbe's numbers as a starter when Dame was out:
15.9 ppg, 43.6% from the field, 39% from three, 3.3 rebounds, and 1.5 assists in 32 minutes per game

16 ppg would put him at 10th in the league last season among shooting guards, tied with Oladipo. People were lauding OKC getting Oladipo in the trade for Ibaka.

Oladipo's stats last year:

16 ppg, 43.8% FG, 34.8% 3P, 4.8 rebounds, 3.9 assists, 1.6 steals

Both players are 24.

This is 1.5 yrs ago. OUCH