Chapter 264 When Money Stands Up(1/2)
In today's NBA, LeBron James is unique in terms of transaction value.
After half a gear, there is Fan Xi.
Then there are superstars like Kevin Durant, Derrick Rose, Dwight Howard, Chris Paul, and Dwyane Wade.
When Fan Xi publicly applied for the transaction, it was like throwing a torpedo into a calm lake, and the entire pond exploded in an instant.
Except for Jenny Buss, everyone in the league may be indifferent, but everyone else is flocking to it, waving their checks and shouting: Give me Jack Fan, and anyone else on our team can be added to the roster.
The Bulls, Thunder, and Heat may be a little more reserved. But except for Durant, James, and Rose, their other players can also be traded.
Based on the personality of Miami president Pat Riley, if he could really trade Wade, the stock-hungry leader, for Fancy, he would not hesitate. He has always been an inhumane person.
Suddenly, Old Dunleavy's cell phone and mailbox were filled with offers from other teams. At the same time, Lu Yuan's cell phone number and mailbox were almost full.
Including Fan Xi's own mobile phone, countless calls poured in. Everyone was very surprised by this result. What is this? Did Captain Jack jump directly from the ship?
Fanci turned off his cell phone and did not log on to the court in Indiana. He sat on the bench with a serious expression.
Missing Fanshi, Griffin.
The Clippers won.
This sounds a little ridiculous.
But, I really won.
Jimmy Barrett and Leonard, two rookies, played like superstars. They asked for everything on the court, and the Pacers' star Danny Granger was blown away by them in turn.
Pacers club president Larry Bird was shocked watching this game. The Pacers have been in bad shape for many years since Miller retired. This year they finally entered the top four in the Eastern Conference.
Larry Bird believes the team will become bigger and stronger under the leadership of Danny Granger.
Danny Granger is a sincere and down-to-earth player with both good character and academic skills. He plays the standard style of a classical small forward. Although he has good physical fitness, he relies more on physical confrontation and opportunity judgment to score points on the court.
Danny Granger became an All-Star in 2008 and got superstar statistics the next season.
But some of his injuries have been bothering him.
This made his performance less stable.
Tonight, Danny Granger met Leonard and Jimmy Butler.
Leonard and Butler are both strong small forwards. Their playing styles are somewhere between classical forwards and new-style small forwards, but they have the same advantage, that is, they have good styles and dare to fight.
And it starts with defense.
When Granger faced them, he had no physical advantage, and his skills could not be used effectively. He wasted no time in the opening game.
On the other hand, Leonard and Butler, with the support of Nash and Billups, took turns attacking the paint area.
Hibbert and David West were a little tired of fighting. After all, Kwame Brown and DeAndre Jordan were still standing in the paint.
On the whole, the Pacers are now playing in an iron-blooded style. Their other outside newcomer Paul George also started as a defensive 3D... Paul George has not yet taken over Danny Granger's class. He has to wait until Granger
Jay only rose to prominence after James injured his knee during the playoffs.
The Clippers also had this style without Fan Xi, and the two styles collided.
The Pacers somewhat underestimated the enemy.
They thought that Fan Xi and Griffin, the two trump cards, were gone, so they must be bad, so their minds were paralyzed. Who would have thought that when they bumped into two stupid young men, they all exploded.
The Pacers lost their home court like this.
However, this victory did not bring any excitement to the Los Angeles Clippers.
When Fanci announced that he was leaving, the Clippers' market prospects were declining rapidly.
In the United States, there are four dimensions to judge the market value of a team.
"sport", "market", "arena", "brand".
Among them, "sport" (sports) refers to the value that can be shared by all teams in the league. "market" (market) is based on the city and market size of the team. "arena" (venue) refers to the team's main venue.
The value brought by the venue. "Brand" is the brand value of the team.
Before Fan Xi came, the sports value of the Clippers was very low. Similarly, although the Clippers are in a big city like Los Angeles, they did not eat a big piece of cake. They could only eat the leftovers from the Lakers. This is because Fan Xi
With Xi's arrival, they have the strength to sit on the table and cut the cake. This is why the Clippers' market value has skyrocketed this year.
Before this, the Clippers' market value was only slightly better than that of mid-sized city teams. If the Hornets' market value was US$400 million, the Clippers' market value would be about US$600 million.
Ballmer immediately stopped negotiations with Sterling's team and flew to Chicago overnight, where he hoped to meet with Fanci.
Historically, Ballmer acquired the Clippers in 2014. Thanks to the signing of a new broadcast agreement, the market value of the NBA team skyrocketed that year, so he spent US$2 billion to acquire the Clippers, and here
After that, the Rockets even sold 2.2 billion.
But it's 2011 and Christmas hasn't come yet.
As Fanshey seeks a deal, the Clippers' market value will visibly decline. Many Wall Street experts estimate that the Clippers' market value will fall to about $800 million. This is still the most expensive club sale in NBA history, and it belongs to the Bobcats.
More than three times.
It can be seen from this that Fanxi has played an important role in improving the Clippers brand.
…
Donald Sterling finally gets it.
He realized that something ridiculous was happening. The agreement he had previously fooled Fan Xi was still hidden in his safe. At that time, he never dreamed that this agreement would take effect.
In that agreement, the valuation he gave was 750 million U.S. dollars. At that time, Fanxi hoped to spend about 100 million U.S. dollars to purchase more than 10% of the Clippers' shares. Sterling thought that it would not be possible anyway.
It will be fulfilled, so why not just appear more generous.
Anyway, it’s just lip service but no real results.
But now, this contract is choking him.
He is now under force majeure and has to sell the team.
Fan Xi has priority.
Oh my God.
What does it mean to shoot yourself in the foot?
That's it.
Sterling had to hurry up and find the terms, trying to find favorable conditions to abrogate the contract.
He really found two things that were beneficial to him.
First: This may be judged as an under-the-table agreement by the NBA. When NBA contracts were not standardized in the early days, many such under-the-table agreements occurred. New York, Miami, and the Lakers were all managed by Pat Riley.
The team is the hardest hit area. Magic signed a 10-year contract with the Lakers during his rookie season, but with the development of the NBA, his contract immediately changed from sky-high price to cabbage price. What should I do? The Lakers signed a table-top contract with Magic and signed a contract with Fan.
I hope this contract is similar, which means that after Magic retires, the Lakers will sell him some shares.
In New York, in addition to that bastard Patrick Ewing mandating that "the annual salary cannot be lower than the top three in the league" in the contract, they also made a fuss in the contracts of Oakley, Starks and others, and the superficial salaries are not high.
, but privately gave other endorsement contracts. When the Knicks poached Jordan in 1996, they offered an unprecedented contract. Part of it was the NBA's maximum salary, and the other part was to let other properties under the Knicks' parent company give Jordan a contract.
Super endorsement contract.
However, Jordan later did not choose New York and stayed with the Bulls to complete the next three consecutive championships...The Bulls broke the rules that year and used the annual salary of 30 million US dollars that was not included in the salary cap to retain Jordan. At that time, all other teams in the league were concerned about this player who broke NBA rules.
They turned a blind eye to the matter, because every team knew that if Jordan did not play basketball, they would suffer even greater losses.
In Miami, after Pat Riley gave Mourning a billion-dollar contract, he tried to recruit Howard with a billion-dollar contract. Although it failed, it offended another superstar, Tim Hardaway. Therefore, the Heat are giving Tim
Along with Hardaway's annual salary of millions, he was also given a bonus of close to tens of millions...a bonus that he could easily receive.
Of course, the most famous under-the-table agreement is that of the Timberwolves. When the Timberwolves signed a contract with Joe Smith, they adopted a method to circumvent the salary cap.
However, just in time to hit the target, the NBA severely fined the Timberwolves five first-round draft picks, which resulted in the Timberwolves being inactive during Garnett's peak period.
So, if Sterling treats this as an under-the-table agreement, it is indeed actionable.
But is the success rate high?
He doesn't know it himself.
Fanci's contract was signed by the Lakers, he was traded, and he did not sign a second agreement with the Clippers.
He's still on his rookie contract.
Moreover, the agreement he signed with the Clippers complied with all legal procedures and was endorsed by the best law firm in Los Angeles.
It is certainly legally binding.
So, to a certain extent, Sterling can only hope in the second clause.
NBA does not allow active players to hold shares. After Jordan retired for the second time that year, he owned shares of the Wizards. In 2001, Jordan came back for the second time. In order to successfully get on the court, he could only continue to play after trading out his shares.
Jordan was unable to break the precedent, and Fanci certainly cannot be broken.
However.
This still cannot constrain Fan Xi's priority.
NBA regulations cannot be greater than the law.
To be continued...