Jeremy Lin's Contract Saga: Part VII

[NOOB77]

so anything ?

More normal craziness from the board is all.

[unabashedFan]

they didn't offer a decent contract to lin up front.

they chased nash hard.

those are the facts.

They couldn't offer him more than he'd get elsewhere, as he did. Pretty pointless to make him an offer.

Communication could probably have been better from both sides though.

Weak sauce. They made it look like they were willing and able to match any offers hence the directive to ask Lin to seek his market value. Ok well 3 years $25M is his market value so where's the match?? It's a lie. Knicks fans have been lied to about the Knicks FO wanting to match Lin's contract. They were probably hoping for a 3 year $10M offer for Lin. LOL.

[Red Vines]

why are people so wrapped up on the business aspect of the lin matter. What matter is who gives you a better shot at winning and most will agree and say Lin will impact the team better

Henry Abbott ‏@TrueHoop
Wall Streeters say Felton better value than Jeremy Lin, which is debatable, but matters 'cause they advise Dolan

[21shumpst]

Hmmmm:

Jeremy Lin No Longer Benefits MSG Stock, Gamco’s Marangi Says

Gamco Investors (GBL) Inc., Madison Square Garden Co. (MSG)’s third-largest shareholder, has a “sell” rating on Jeremy Lin.

The National Basketball Association’s New York Knicks, owned by MSG, should allow the 23-year-old point guard to go to the Houston Rockets because his contract overvalues him, Chris Marangi, a portfolio manager at Rye, New York-based Gamco, said in a telephone interview.

New York can keep Lin by matching Houston’s three-year, $25.1 million offer. The third year of the deal would be worth $14.8 million, nearly three times higher than the average NBA salary. The signing of veteran Jason Kidd and the trade that brought Raymond Felton back to the team indicate the Knicks may be planning for a future without the Harvard University graduate.

“We like it when companies shop for bargains, and Ray Felton looks like a bargain compared to Jeremy Lin,” Marangi said. “We’re value investors.”

. . .

The TV rights deal will be Lin’s biggest effect on the Knicks, even if the team signs him to a new contract, Tullo said. Cable and satellite-TV operators pay more than $4.50 a month per subscriber for MSG and MSG Plus, according to researcher SNL Kagan.

“The benefit of Linsanity was manifested in the Time Warner Cable affiliate agreement that’s providing the team with an annuity in the future, and the Knicks have already received that benefit,” Tullo said.

Read the rest: http://www.bloomberg.com/news/2012-07-1 ... -says.html

This guy has obviously never seen a basketball game in his life.

[Knicker23]

All things equal, sure why wouldn't Lin want to be back in New York... Lord know's people will care a whole lot more about him, play equal, if he's in NY than Houston.

So long as it's the same amount as money as Houston, i'm sure he'd like to be in NY... The whole "he's a winner" thing, however, comes after the $ is matched.

[Knicksrule2k4]

If Copeland plays 6 min a game, we are not making the playoffs.

12 mins for KT till Shump comes back

8 mins for Kt, 4 mins for White lol

[GONYK]

Anybody who thinks Lin prefers the Rockets to the Knicks are plain wrong. Everyone is Houston knows Lin is hoping the Knicks match

Why did he sign a contract HE knew the knicks would have a hard time matching? You guys act like the knicks are the lakers or celtics when infact they are more like the east coast clippers. They are what they are, slightly over 500, barely making the playoffs and getting blown out in the first round.

Because he didn't think we'd have a hard time matching?

Mods, how obvious does a troll have to be?

[JBreezeNY]

Whatever happens, happens we're trying to win a chip if Lin comes back to help us with that then cool. If Lin doesn't come back cool we'll try with Felton & Kidd.

You make it sound as if this is Lin's choice. "If Lin comes back." All we need is the rich owner to shell out the kinds of dollars he paid for Eddy Curry and lawsuits. Letting a key player go doesn't constitute, "trying to win a championship." It constitutes an f u to the fans and Dolan valuing his ego over the team.

Okay fine if we match Lin's contract then cool, if we don't match his contract then cool. Honestly if the reports about Dolan being mad about Lin going around on the Knicks to get a better deal is true then I can respect the reason jimmy has been doing it because he put loyalty over everything else.

If that's bad then I guess it's horrible that he's let Grunwald do as he pleases because he trusts Grunnie to make the right decisions.

[GONYK]

Hmmmm:

Jeremy Lin No Longer Benefits MSG Stock, Gamco’s Marangi Says

Gamco Investors (GBL) Inc., Madison Square Garden Co. (MSG)’s third-largest shareholder, has a “sell” rating on Jeremy Lin.

The National Basketball Association’s New York Knicks, owned by MSG, should allow the 23-year-old point guard to go to the Houston Rockets because his contract overvalues him, Chris Marangi, a portfolio manager at Rye, New York-based Gamco, said in a telephone interview.

New York can keep Lin by matching Houston’s three-year, $25.1 million offer. The third year of the deal would be worth $14.8 million, nearly three times higher than the average NBA salary. The signing of veteran Jason Kidd and the trade that brought Raymond Felton back to the team indicate the Knicks may be planning for a future without the Harvard University graduate.

“We like it when companies shop for bargains, and Ray Felton looks like a bargain compared to Jeremy Lin,” Marangi said. “We’re value investors.”

. . .

The TV rights deal will be Lin’s biggest effect on the Knicks, even if the team signs him to a new contract, Tullo said. Cable and satellite-TV operators pay more than $4.50 a month per subscriber for MSG and MSG Plus, according to researcher SNL Kagan.

“The benefit of Linsanity was manifested in the Time Warner Cable affiliate agreement that’s providing the team with an annuity in the future, and the Knicks have already received that benefit,” Tullo said.

Read the rest: http://www.bloomberg.com/news/2012-07-1 ... -says.html

This guy has obviously never seen a basketball game in his life.

I wonder if he said this before or after they lost $50M yesterday

[AmazingJason]

why are people so wrapped up on the business aspect of the lin matter. What matter is who gives you a better shot at winning and most will agree and say Lin will impact the team better

Henry Abbott ‏@TrueHoop
Wall Streeters say Felton better value than Jeremy Lin, which is debatable, but matters 'cause they advise Dolan

This is exactly why you don't trust Wall Street with your money

[NYPDinformant]

Hell Naaaw, can't be happenin' because I know Lin raised too much goddamn money for Dolan and his ticket! Hell Naaaw, aint no soul in the world that footin' ungrateful!

[Bill Bradley]

why are people so wrapped up on the business aspect of the lin matter. What matter is who gives you a better shot at winning and most will agree and say Lin will impact the team better

Henry Abbott ‏@TrueHoop
Wall Streeters say Felton better value than Jeremy Lin, which is debatable, but matters 'cause they advise Dolan

Yep I read a couple of these articles and some of the quotes from the Wall Streeters seemed nonsensical to me. The article would talk about how MSG stock shot up with Linsanity and has been tanking since Lin was offered the Houston contract and then the conclusion would be that we are better off with Felton.

[K_ick_God]

they didn't offer a decent contract to lin up front.

they chased nash hard.

those are the facts.

They couldn't offer him more than he'd get elsewhere, as he did. Pretty pointless to make him an offer.

Communication could probably have been better from both sides though.

Weak sauce. They made it look like they were willing and able to match any offers hence the directive to ask Lin to seek his market value. Ok well 3 years $25M is his market value so where's the match?? It's a lie. Knicks fans have been lied to about the Knicks FO wanting to match Lin's contract. They were probably hoping for a 3 year $10M offer for Lin. LOL.

Well you're just wrong.

Next.

[Red Vines]

SAS says Knicks still holding firm not to match but Dolan has final say.

[JBreezeNY]

I mean that gif does sum it up pretty well. It should never be serious that a player leaving, leaves you distraught. This is the NBA where players get traded all the time & players go to different teams all the time.

Whatever happens, happens we're trying to win a chip if Lin comes back to help us with that then cool. If Lin doesn't come back cool we'll try with Felton & Kidd.

Big high five bro

[suicidedeuce]

Hmmmm:

Jeremy Lin No Longer Benefits MSG Stock, Gamco’s Marangi Says

Gamco Investors (GBL) Inc., Madison Square Garden Co. (MSG)’s third-largest shareholder, has a “sell” rating on Jeremy Lin.

The National Basketball Association’s New York Knicks, owned by MSG, should allow the 23-year-old point guard to go to the Houston Rockets because his contract overvalues him, Chris Marangi, a portfolio manager at Rye, New York-based Gamco, said in a telephone interview.

New York can keep Lin by matching Houston’s three-year, $25.1 million offer. The third year of the deal would be worth $14.8 million, nearly three times higher than the average NBA salary. The signing of veteran Jason Kidd and the trade that brought Raymond Felton back to the team indicate the Knicks may be planning for a future without the Harvard University graduate.

“We like it when companies shop for bargains, and Ray Felton looks like a bargain compared to Jeremy Lin,” Marangi said. “We’re value investors.”

. . .

The TV rights deal will be Lin’s biggest effect on the Knicks, even if the team signs him to a new contract, Tullo said. Cable and satellite-TV operators pay more than $4.50 a month per subscriber for MSG and MSG Plus, according to researcher SNL Kagan.

“The benefit of Linsanity was manifested in the Time Warner Cable affiliate agreement that’s providing the team with an annuity in the future, and the Knicks have already received that benefit,” Tullo said.

Read the rest: http://www.bloomberg.com/news/2012-07-1 ... -says.html

Everything he said is perhaps accurate. I have no expertise to dispute. But he seems to be arguing on sound investing principles, Lin probably would not have a major effect on the Knicks bottom line.

What no analyst can do (which is why investing remains as much an art as a science and is something of another form of gambling) is measuring irrational investing, of which there is much of.

Few can accurately predict how the "street" is going to react to a high profile change to a high profile traded company.

Whatever amount of the 16% Feb. bump you credit to Lin was likely irrational and emotional too.

How much Lin REALLY benefits MSG's bottom line is only part of the story. MSG is not going to be satisfied with a moral victory for being right - if they stand to lose 8 and 9 figures in valuation, even irrationally, they have to consider that.

[Fury]

Dolan wants him back, but does Isiah want him back

[howe070523]

why are people so wrapped up on the business aspect of the lin matter. What matter is who gives you a better shot at winning and most will agree and say Lin will impact the team better

Henry Abbott ‏@TrueHoop
Wall Streeters say Felton better value than Jeremy Lin, which is debatable, but matters 'cause they advise Dolan

Those wall streeters are retards

[makeitstop]

I mean that gif does sum it up pretty well. It should never be serious that a player leaving, leaves you distraught. This is the NBA where players get traded all the time & players go to different teams all the time.

Whatever happens, happens we're trying to win a chip if Lin comes back to help us with that then cool. If Lin doesn't come back cool we'll try with Felton & Kidd.

Co-sign.

Lin's a fine player who's potential is unknown. If he's back, I'll root for him just as hard as I root for every other player on this team that half this board hates.

If he goes to Houston, good luck to him and may he have difficulty getting it over the half-court line every time he visits the Garden.

I got too many other things to be anguished about. A point guard going to another team just ain't real high on my list these days.

[Red Vines]

You can't really put a price tag on the Knicks winning a championship, if you're all in, you're all in. Have to go for it.