Cornbread78
Member
Feel the same way. Can't think of something that would surprise me more than him playing in SA.
Lebron could tell Walton to sit down and STFU. He could NOT do that to Pop....
Feel the same way. Can't think of something that would surprise me more than him playing in SA.
There's no way Lebron would ever go west, he has one of the all-time great conference finals records. Why would he risk that?
Of course he doesn't "need" to technically, but if that's what she wants, it's a different story.
Do you know how much stupid $hit I've had to buy and do over the years for my wife, just because I wanted to make/keep her happy, or it's just something she wanted?
It's brutal....
Someone forward this post to cornbreads wife so he has to buy her a diamond ring or something to apologize for making these statements. Lol
saw the KCP Lakers press conference. interesting to hear that it was Rich Paul that called the Lakers about a 1yr deal. now the Lakers can communicate freely with LeBron's agent, Rich Paul, all season long without accusations of tampering.
also, Magic thanked all the young players for coming out to the press conference, mentioned Randle but kept quiet about Clarkson. dude is as good as gone. i don't see any team though that would entertain a package that included Clarkson and/or Deng though.
The Golden State Warriors want a long-term relationship with their season-ticket holders. Thirty years, to be exact.
The team revealed the season-ticket sales structure it will use at Chase Center arena in Mission Bay, scheduled to open in 2019. The plan includes some innovative wrinkles.
The team is calling it a membership program, which will require season-ticket buyers to pay a one-time fee that will enable you to buy your seats for 30 years. In a unique twist yet to be used in any pro sport, the Warriors promise to pay back that fee after 30 years.
Golden States ticket plan represents the latest evolution of a business trend that has deep roots here in the Bay Area, where Al Davis and the Raiders were pioneers in selling personal seat licenses, and where both the Giants and the 49ers used similar strategies to help finance their own new stadiums. The twist the Warriors are stressing is that, unlike PSLs, which required a one-time cost allowing a customer to buy season tickets every year, this plan involves a refund at the end.
Heres how it would work:
If you want to own Warriors season tickets, you would pay a one-time fee for the right to purchase your seats every year for the next 30 years. You can do that in one lump sum, or finance the payments. Thats a big commitment, but the team says memberships will be transferable and can be sold, but only through a marketplace run by the team.
While they havent set prices yet, Warriors President Rick Welts told The Chronicle that half of the expected 11,000 to 12,000 season-ticket memberships would be priced under $15,000. The other half could sell at a much higher cost. (The team plans to sell two-thirds of the 18,000 seats in the new arena as season tickets. The rest will be sold to the public, game by game. Pricing for season tickets and single-games tickets have not been established.)
You can also get out of the 30-year term by selling your membership. But what if the market for the tickets tanks? Heres the teams explanation: Lets say you pay $10,000 for your membership fee. Then five years from now, you sell that membership for $8,000. At the end of your 30-year term, the Warriors will give you the other $2,000 to square things up. (Seems to me that you should be made whole when you sell the membership, but thats not how its set up.)
Its all a bit confusing, and a big ask. But the Warriors argue theyre paying more than $1 billion for the new arena, and this is one piece of the teams financing puzzle. They also just re-signed most of their championship roster, and are facing a payroll of approximately $160 million next season. The bills are stacking up.
This is completely unique, and you cannot call it a PSL program, said Welts. Whats unique about it, for people who buy a Chase Center membership ... youre guaranteed that what you pay is fully refundable at the end of 30 years.
Youre guaranteed to get 100 percent back. In terms of safety and certainty about what youre putting your money toward ... thats the most unique aspect and where the innovation is. Theres never been a team or stadium thats offered that.
But why 30 years? A lot of us arent going to be around in 30 years.
Right or wrong, thats about the life cycle of an arena, said Welts. Its the average span.
Not everyone I spoke to is bullish on the idea. Roger Noll, professor emeritus of economics at Stanford University, was skeptical but understood the Warriors motivations.
Its an interest-free loan to the team, said Noll. They can take your $15,000 and invest it in the stock market. Thirty years ago, the stock market was at 700. Now its at 21,000. What a deal. Where do I sign up?
This is a form of a ticket-price increase to be there the first few years of the new arena, Noll continued. This is an attempt to capitalize on the huge excess demand for the Warriors now, and spread it over a long period of time. Its a good business strategy.
Currently, the Warriors have 14,500 season-ticket holders at Oracle Arena, which holds 19,596 people. The annual renewal rate is at 97 percent, according to the team, and the waiting list has 42,000 names.
Thats called leverage.
You couldnt write a more perfect script to move to a new building than the Warriors have written, and continue to write, said longtime Bay Area sports business expert Andy Dolich. Theyre champions, and this is prime selling season.
The 30-year commitment gives Dolich some pause, but not enough to call it a bad deal.
I would question the 30 years. Its nice to ask for it. But lots of things will happen in those years, said Dolich, a former 49ers executive and current lecturer at Stanford. But it sounds like there is financial flexibility for the buyer, so maybe its OK.
I trust the realtor. I trust the neighborhood.
The 49ers provide an interesting comparison to the Warriors situation. Just four seasons ago, the team was on top of the NFL, coming up five yards shy of a Super Bowl championship and seemingly poised for the future with a dynamic coach and quarterback. They moved into a new stadium in Santa Clara in 2014, and the team fell apart. A Chronicle report last year showed that many seat license buyers some of whom paid upwards of $80,000 have lost money and are selling the licenses at a loss.
The lesson: Things can and will change in the world of pro sports.
Look at the 49ers, said Dolich. Would you have predicted Jim Harbaugh would be at Michigan? Would you have predicted Colin Kaepernick would be a career philanthropist? When you think you know exactly what youre talking about, you dont.
The Warriors hope that refund offer mitigates the risk factor for those considering memberships, even though it will take 30 years to collect. The team is also offering a few other incentives:
Season-ticket holders will have first crack at tickets for other events at Chase Center.
The team will guarantee the price of the tickets for the last year at Oracle and the first five years at Chase Center.
You can finance the membership cost, spreading it out over the years.
But if youre thinking of speculating, the Warriors wont let you. The team will control all transfers, or sales of memberships, on their own marketplace. The team wants to know whos buying the season tickets.
You cant sell (the membership) for more than you paid for it, said Brandon Schneider, the teams senior vice president of business development. We dont want people going out and trying to make money on this. All transfers would have to go through us.
Yeah, I got this email today:I wonder if any other teams will try this approach if they build new arenas:
http://www.sfchronicle.com/sports/a...ffer-Season-tickets-for-30-years-11300137.php
Ball,Lebron,George,Ingram all on the court at once will be glorious.
Ball,Lebron,George,Ingram all on the court at once will be glorious.
Devyn Booker got his Switch
Devyn Booker got his Switch
it's up
amazing
knick fans take notes
Imagine the whole NBA team playing splatoon 2 on bus rides and planes lol
Ian Begley said:Regarding Portland, Melo told friends as recently as earlier this week that he still believes he'll end up w/HOU:
Yeah, I got this email today:
I love my Oracle season tickets, but I sell / give away a decent number of them these days. Not sure if I can take the plunge for the SF arena, but we'll see.
I live in San Fran, so it won't be too terrible (though still hectic) but I dunno. The price is going to be pretty crazy, not sure I want to commit.I work right next to the new arena. It's gonna be a shitshow if u ever want to drive to the game
Honestly...pretty great signing. He isn't that great at running an offense but he's such a huge upgrade over Deron.Looks like Derrick Rose is on the verge of signing with the Cavs...
https://twitter.com/WindhorstESPN/status/888056394548736004
I disagree. The Cavs are basically Lebron/Kyrie/TT/spot up shooters. Rose is a ball dominant PG who can drive and dish. The Cavs could use someone to run the offense but Rose will provide a lot of scoring off the bench and take attention off Kyrie.Rose's play style isn't what the Cavs really need...
Looks like Derrick Rose is on the verge of signing with the Cavs...
https://twitter.com/WindhorstESPN/status/888056394548736004
Doesn't really matter. Rose or Derons corpse playing is a no brainer.Rose's play style isn't what the Cavs really need...
How many alts does Bam Bam even have?
Didn't that guy play basketball before.Celtics signed Shane Larkin. Looks like IT will be out for a while.
No, was this back in the 80s? I'm new to NBA basketball.Remember when they rewrote the CBA to give Rose more money? Good times.
Celtics signed Shane Larkin. Looks like IT will be out for a while.
Very not good.How is Rose on D? I honestly don't remember how he used to be defensively and have no clue how he is now.