Own a Team - Financial Transactions and News

[-Kees-]

The Utah Jazz are no more, instead we are...



The Utah Rocky Mountains!

It's a little repetitive from the Colorado Rockies, but we felt it was appropriate. The Jazz name was more suited to like 4-6 other cities (lol), so now they can have it if they want, and Utah gets a more appropriate name. Team officials say that the owner had a large part in designing the logo...

The Utah Rocky Mountains are charged 10M for the name change.

[roc]

welcome to the newly named rocky mountains!

[roc]

Kebs receive $500,000 fine for posting 2 dif trades without waiting to update roster from the 1st one.

[Klomp]

The Timberwolves have been associated with mediocrity for the majority of their time in Minnesota. New owner Klomp has decided to do something about that. The Timberwolves are no more. Instead, the franchise will pay homage to a former ABA franchise by changing the name of the Timberwolves to the Minnesota Muskies.

New logo:




New Uniforms:



(Yes, even the short shorts!)

Cost: $10,000,000

[roc]

oh damn!

[RiotPunch]

New ownership in Milwaukee is sick and tired of the "Bucks" being the punch line of many a joke around the league over the past couple of decades. This franchise has not seen greatness since the days of Lew Alcindor and only has 1 title to show for it. This current run of teams with mediocre talent being forced together to battle for the 8th seed in the East are OVER. To show this transition back into title contention, we have decided to start the change of identity with a team name and logo change.

Years ago, in the 1950's and early 1960's, the baseball team in Milwaukee was known as the Braves. That team was eventually lost to Atlanta where they remain today. We decided, with the consulting of the local Potowatomi Group, that we would like to bring the old logo back to the MKE. We took the logo from back then and altered it to fit our new look team. I present to you, the Milwaukee Tribe!



$10,000,000 for the name change. $1,000,000 to r0cd0gg for fine-tuning the logo!!

(Rumor has it that jersey designs and arena plans are being discussed between ownership and the Potowatomi Group and will be unveiled by the weekend, pending league approval)

[RoyalWun]

The Los Angeles Clippers are tired of sharing everything (except the success) with the Los Angeles Lakers. We don't like LA anyway. With a new team and a new attitude we are finally relocating and going back to our roots. No longer the Los Angeles Clippers, but now back to the Buffalo Braves! We will be sharing the First Niagara Center stadium with the NHL's Buffalo Sabres.




We thank you Mr. Brand for sporting our jerseys and taking so much of our money in the past.

The relocation will cost us a whopping $60M, but it's worth it.

So long LA! Hello Buffalo!

[Koponen]

Jay-Z, Mikhail Prokhorov, and the Nets organization have an announcement to make:



WE'RE MOVING TO BROOKLYN, BITCHES!



The Brooklyn Nets promise to have MORE SWAGGER than any team in league history. Get off us, Knicks!

Home Uniforms: http://i.imgur.com/CWgjN.png

Away Uniforms: http://i.imgur.com/yOHXX.png

Home Floor: http://i.imgur.com/uru1H.png

[roc]

Congrats on the move to Brooklyn!

[roc]

EVERYONE PLEASE READ!

Now that the 2011/12 season is closing up you will need to post your total salary for the season under Finances on your roster page.

Once the playoffs have concluded I will be posting earnings/losses for each team from fines sharing, lux tax sharing, arena income, TV playoff earnings, etc.

These will go in the 2011/12 subsection of your Finance section of you roster page.

Once the draft rankings are posted we will be switching over to 2012/13 salaries which will start the new subsection of your finance section. DO NOT change over to 2012/13 yet as I am going through team by team to make sure numbers are correct.

thanks, roc

[roc]

READ THIS 1st

IF you have used 7b mini amnesty or even regular amnesty that has more than one season... post only that season's amount of amnesty under the appropriate Finances subsection. Subsections will be like so... 2011/12, 2012/13, 2013/14, etc.

This way we can see what is spent each season.

Team salaries will now be sitching over to 2012/13 so make sure to list your total team salary for 2011/12 under the corresponding finances subsection as detailed above.

now that this is out of the way...

INCOMING and/or OUTGOING money for 2011/12 (fines, TV money, Arenas earnings)

FINES

IND - $1,125,000
PDX - $500,000
SEA - $1,000,000
MIA - $500,000
QUE - $500,000
HOU - $500,000
TOR - $500,000
PHX - $500,000

Total - $5,125,000 / 16 = $320,312

Every team that has not been fined will receive $190,790 thanks to Indiana, Portland, Seattle, Miami, Quebec

Please list this under 2011/12 sub section of Finances.

Fines will now reset for the 2012/13 season with everyone getting a fresh slate for this new season.

Under Cap

HOU + $16,840,558 (owe $9,857,380 + $500k for being under 85%) + $30,000,000 TV (10% = $3,000,000 goes to players)
TOR + $16,840,558 (owe $5,867,636 + $500k for being under 85%) + $45,000,000 TV (10% = $4,500,000 goes to players)
MIN + $16,840,558 (owe $987,304 + $500k for being under 85%) + $45,000,000 TV (10% = $4,500,000 goes to players)
PHX + $16,840,558 (owe $109,373 + $500k for being under 85%) + $30,000,000 TV (10% = $3,000,000 goes to players)
MIA + $16,840,558 + $30,000,000 TV (10% = $3,000,000 goes to players)
UTA + $16,840,558 + $30,000,000 TV (10% = $3,000,000 goes to players)
ATL + $16,840,558 + $30,000,000 TV (10% = $3,000,000 goes to players)
QUE + $16,840,558 + $33,600,000 stadium money + $30,000,000 TV (10% = $3,000,000 goes to players)
SEA + $16,840,558 + $120,000,000 stadium money + $200,000,000(20% = $40,000,000 goes to players)

Under Lux Tax

DET + $6,315,209 + $30,000,000 TV (10% = $3,000,000 goes to players)
CHI + $6,315,209 + $45,000,000 TV (10% = $4,500,000 goes to players)
IND + $6,315,209 + $45,000,000 TV (10% = $4,500,000 goes to players)
MIL + $6,315,209 + $45,000,000 TV (10% = $4,500,000 goes to players)
BOS + $6,315,209 + $60,000,000 TV (10% = $6,000,000 goes to players)
BRK + $6,315,209 + $100,000,000 TV (15% = $15,000,000 goes to players)


Owe Lux Tax

NYK - (owe $524,455 lux tax) + $60,000,000 TV (10% = $6,000,000 goes to players)
DAL - (owe $1,161,636 lux tax) + $45,000,000 TV (10% = $4,500,000 goes to players)
PHI - (owe $1,303,237 lux tax) + $30,000,000 TV (10% = $3,000,000 goes to players)
PDX - (owe $10,413,555 lux tax) + $45,000,000 TV (10% = $4,500,000 goes to players)
ORL - (owe $14,123,295 lux tax) + $75,000,000 TV (10% = $7,500,000 goes to players)
BUF - (owe $26,148,229 lux tax) + $75,000,000 TV (10% = $7,500,000 goes to players)
SAS - (owe $33,902,899 lux tax) + $60,000,000 TV (10% = $6,000,000 goes to players)
LAL - (owe $101,878,982 lux tax) + $60,000,000 TV (10% = $6,000,000 goes to players)


TOTAL LUXURY TAXES = $189,456,287 / 2 = $94,728,144

$94,728,144 / 9 = $10,525,349 each for teams under cap
$94,728,144 /15 = $6,315,209 each for teams under lux

[roc]

MAKE SURE TO CHECK YOUR TV MONEY AGAIN as I gave everyone considerably more and lowered the amount only for the Title winner.

[RiotPunch]

The Milwaukee Tribe are thrilled to announce the construction of a new state of the art arena! We have reached an agreement with a local multi-millionaire committee for donations and we have also agreed to give the local Potowatomi Casino Group naming rights. I give you you, the new home of the Milwaukee Tribe, Potowatomi Pavilion!


And out new uniforms! (Home, Away, Alternate)


Cost: $600 million

[roc]

[-Kees-]

The Indiana Pacers are no more. I have decided to not only move the team West, but also rename them to...



The Anaheim Arsenal!

The name comes from a former D-League team, but we changed the color and are now using it for the former Pacers. Cost will be $60,000,000, $50,000,000 for relocating, and $10,000,000 for renaming.

[roc]

Breaking News... a shift of power in the conferences

With Indiana moving to the West Coast the league can now do a small realignment with the Anaheim Arsenals moving to the Western Conference and the Buffalo Braves moving to the Eastern Conference.

It is widely speculated one more shift will be made in the near future with Quebec moving conferences at that time. It is unsure which team would move West as of this article.

Stay tuned for future details as they unfold.

[Koponen]

The Brooklyn Nets will mini-amnesty (7b) newly-signed Steve Nash.

$10,000,000, $10,800,000, $11,600,000
becomes
$5,000,000, $5,800,000, $6,600,000

-$15,000,000 from our finances

[roc]

Philadelphia receives a $500,000 fine for not meeting roster limits and posting another trade after the warning.

[roc]

Utah receives a $500,000 fine for not meeting roster limits and posting 2 trades.

[-Kees-]

Utah receives a $500,000 fine for not meeting roster limits and posting 2 trades.

Thanks for the warning, appreciate it

PG: Derrick Rose / Isaiah Thomas / Jarrett Jack
SG: Joe Johnson / Randy Foye / Carlos Delfino
SF: Dorell Wright / Corey Brewer / Al Harrington
PF: Elton Brand / Amir Johnson
Cc: Ian Mahinmi / Darko Milicic / Festus Ezeli

Am I missing something?

1. Rose
2. Thomas
3. Jack
4. Johnson
5. Foye
6. Delfino
7. Wright
8. Brewer
9. Harrington
10. Brand
11. Johnson
12. Mahinmi
13. Darko
14. Ezeli