Considering he has chosen a partner who is an experienced owner, I would assume so.
To an owner like Phil Knight? I think you'd see incredibly positive change.
Alan Smolinisky. He is a minority owner with the Dodgers.
Unknown. I just know that Phil does well with sports and I don't want Vulcan or Kolde anywhere near the team moving forward.
Canzano's speculation is the only source for this claim--why perpetuate it?
More games on national TV
Because it makes sense. You think she's doing it for free? $100 million per year is around the going rate for managing a $2-4B asset in a trust.
I'm also not an expert in such things, however, from looking online it appears that between .5% and 2% is typical. My initial math was off, so I had a crazy low percentage. I would expect Paul to pay his sister on the high end to manage his trust. And they obviously value the team at far above $2 billion since they didn't give Phil Knight the time of day over a year ago...
You forgot Bronny to Portland!
I don't think that she's managing the trust for free, but the amount and basis of the compensation is that which is speculated. I don't think it necessarily "makes sense" that her compensation is based upon the value of the team. I also don't think the trust's overall asset value would be reduced by the sale of the team; the proceeds from the sale would remain a part of the trust.
But wouldn't being paid based on the overall value be paying her via the trusts principal? If so, that would be against the law in Washington.
Being paid "out of" and "based on" the principal are two different things. You were suggesting that her compensation was "based on" the value of the trust (ie, 2% of the trust value). That wouldn't change after the sale. That line about not being paid "out of" principal was interesting to me, which made me wonder (as you did) from what source her compensation comes.
Jody is financially independent. She is not getting any younger. Her decisions should be based on happiness and fulfillment, not more financial gain. Maybe she truly enjoys owning? That could explain why she isn't selling.
Makes sense. I appreciate the call out.
Could well be. If so, I don't like it.
Getting to centender status is what you need good ownership for in a market like Portland. Getting there with an absentee owner or an owner with other motives is going to take much longer, IMO.
Also Phil Knight puts most of his money into non profits that would be considered liberal by most. Backing that up is all of the money he donates to a public education institution that very much has liberal leanings in the University of Oregon... and then there's this:
It could be as my understanding is based on an editorial I read after Jody turned his offer down. Last election I read about his campaign donations and statewide he was supporting candidates that I didn't want near political office which triggered me again about who Phil is. I don't know the man but he made his career in Eugene but Eugene was liberal long before Phil was coaching there. I hope I'm wrong about him. I've sure bought his shoes over the decades. He makes kick ass sports arenas as well. In the world of sports Phil is a force, no doubt. I'm happy with Jody owning the team. Owners usually empower their GMs and enjoy the perks of being owners more than actually crunching numbers and sweating the trade market. Usually owners who are too hands on aren't actually basketball minds. They are usually just wealthy fans. Bill Maher bought a part of the Mets just for the parking spot and box seat....after a few board meetings he sold his stock as it started becoming work. I don't blame him.
He didn't approve of the bill that legalized hard drugs in certain amounts. Cant say I blame him.
Jody just built a G league team and renovated the Moda Center and the Practice Facility..I don't see that as "absentee" in my view she's shown a lot of initiative since Paul passed
Get back to me when she pays ONE year of luxury tax.
If Cronin turns this roster into a playoff team do you want an owner that has never paid luxury tax, avoided it like the plague, and thrown away assets to duck it?
