Rastapopoulos
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According to David Aldridge:
Is Raef now more valuable than ever?
Almost no one has picked up on the real story behind the shopping of Amar'e Stoudemire in Phoenix, and Tyson Chandler in New Orleans, and the impetus of many teams to be active before the Feb. 19 deadline. It has nothing to do with basketball, no matter what you hear about Amar'e's lack of defense and Chandler's history of injuries.
This year, the trade deadline is being influenced like never before because owners who've lost millions in the plunging U.S./global economy are determined not only not to be luxury tax payers, but to cut costs as much as possible as quickly as possible, with no intention of allowing their team's salaries to ever rise near the tax threshold in the foreseeable future.
In the last week, I've heard of a half-dozen owners whose personal fortunes have been slashed significantly by the recession.
In one case, one employee of a team told me his boss has lost nine figures--more than $100 million--in personal wealth. In another, someone who's never been wrong in 10 years swears that another owner has lost $1 billion since the recession began.
Is Raef now more valuable than ever?


