MSG Stock Price Watch

[buffalobulls]

2% down =
$2,710 million * 2% = $54 million dollars

Well, there's your luxury tax payment right there.

If the stock takes a 10% hit which could very well happen, then we're talking $271 million.

I hope some major shareholders are calling James Dolan right now and complaining.

Not signing Jeremy Lin does not make financial sense. How much clearer can this be?

[K_ick_God]

You said it plainly - if "I'M" turning on Melo, then it MUST mean something significant.

Consider me a very small sample size of a dedicated fan who's had enough.

There are other posters on here who have been called "homers" before who are fed up. I think you'll see the diehards ready to jump. I know it actually. And the heat will be squarely aimed at Melo -- for those who do show up, he's going to get the abuse.

Threatened by my insights much?

[Knicks80_20]

I'm not sure if 2% will be significant enough for Dolan to change his mind. 5% or more would really change the game, though. We'll have to wait and see.

[Falstaffxx]

Stocks can fluctuate within a day and day to day, so we'll have to wait and see whether this holds. If tomorrow the stock is still down, maybe it could have an impact on the decision. Probably just wishful thinking on my part.

[Bill Bradley]

http://blogs.marketwatch.com/thetell/20 ... -contract/

Monday’s MSG market-cap drop would have paid for Lin contract
July 16, 2012, 2:28 PM
Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. /quotes/zigman/116238 /quotes/nls/msg MSG -1.78%, has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

Estimating the cost to MSG of matching the Jeremy Lin contract offer from the Houston Rockets is a bit trickier. The roughly $25 million over three years that the Knicks would owe the Harvard graduate is almost irrelevant, because the Knicks will be paying the NBA’s full salary cap, and then some, with or without Lin. The only real direct cost comes from the luxury-cap implications.

This piece by Business Insider does a pretty good job of laying out different scenarios for 2014, when the Lin contract could be considered, to use Carmelo Anthony’s terminology, “ridiculous.” The one this author feels would have been most likely is not actually presented — getting rid of Marcus Camby and Raymond Felton, and keeping Iman Shumpert — but the approximate difference in luxury tax between keeping Lin or not is somewhere in the order of $35 million to $40 million.

And that’s assuming no business impact at all from the revenue side. (Even if a Lin-inspired boycott by Knicks fans is short-lived, it does seem there will be at least some negative revenue element from not bringing back the popular player.) And when you factor in the time value of money — e.g., money now is worth more than money later — the Lin non-signing is even more a negative for MSG stockholders.

Read First Take on why Jeremy Line is too expensive for N.Y. Knicks.

– Steve Goldstein

Follow The Tell on Twitter @thetellblog

[msg4k90]

http://blogs.marketwatch.com/thetell/2012/07/16/mondays-msg-market-cap-drop-would-have-paid-for-lin-contract/

Monday’s MSG market-cap drop would have paid for Lin contract
July 16, 2012, 2:28 PM
Much has been made already about the New York Knicks decision — reportedly at this point — not to sign Jeremy Lin. But another way to look at the move is that the Knicks’ owner, Madison Square Garden Inc. /quotes/zigman/116238 /quotes/nls/msg MSG -1.78%, has already lost more money in market capitalization than the cost of Lin’s contract.

The 64-cent drop in MSG stock equates to a market capitalization loss of about $49 million.

Estimating the cost to MSG of matching the Jeremy Lin contract offer from the Houston Rockets is a bit trickier. The roughly $25 million over three years that the Knicks would owe the Harvard graduate is almost irrelevant, because the Knicks will be paying the NBA’s full salary cap, and then some, with or without Lin. The only real direct cost comes from the luxury-cap implications.

This piece by Business Insider does a pretty good job of laying out different scenarios for 2014, when the Lin contract could be considered, to use Carmelo Anthony’s terminology, “ridiculous.” The one this author feels would have been most likely is not actually presented — getting rid of Marcus Camby and Raymond Felton, and keeping Iman Shumpert — but the approximate difference in luxury tax between keeping Lin or not is somewhere in the order of $35 million to $40 million.

And that’s assuming no business impact at all from the revenue side. (Even if a Lin-inspired boycott by Knicks fans is short-lived, it does seem there will be at least some negative revenue element from not bringing back the popular player.) And when you factor in the time value of money — e.g., money now is worth more than money later — the Lin non-signing is even more a negative for MSG stockholders.

Read First Take on why Jeremy Line is too expensive for N.Y. Knicks.

– Steve Goldstein

Follow The Tell on Twitter @thetellblog

hahahaahahahahahahahhaha. what a letdown! its gonna keep dropping too.

[poeman]

maybe Dolan looks at this and his financiers tell him, "i think Lin did this"

[MKL]

Poor Dolan.

Don't worry, money is overrated. The loyal Knicks fans will still watch and support the team, even if they suck for another 12 years. Any longer and we'll be all dead and the newer generation will hate us and say what a bunch of dumb "battered wives" we are.

[DocZaius]

Lin caused the entire stock market to go down today

[suicidedeuce]

Consider me a very small sample size of a dedicated fan who's had enough.

I see many, many, posters who also want the KNicks to match Lin call you out for your continued absurdity.

They don't count?

They're not diehards?

They're not as smart as you.

Threatened by my insights much?

Amused by self-importance.

[cgmw]

This should be good.

They probably have some finance guy telling them the least awful time hold Felton's press conference.

[jzmagik]

MSG down while market is up.

[K_ick_God]

Down 0.83% today. Another tens of millions lost.

This can't be real life.

[ag3]

Since yesterday, MSG stock is down $67,500,000 in market share.
If Lin isnt matched, tomorrow will be a downward spiral for MSG.

[Bill Bradley]

Down 1percent today already. That's about 75 to 80 million lost since yesterday. The more I think about it this might be the only way that we ever see Dolan gone. He sinks MSG and the shareholders flip out. That will be my silver lining if Lin isn't kept.

[spre8well]

-1.39%

Dolan got iron balls? I guess we'll find out. I say he fold at 34.50

[Bill Bradley]

Wow the stock has gone down a half percent since my last post a couple of minutes ago! Must have lost a huge Asian corporation lol.

[GoNYK1288]

$33M already today. What's it gonna take, Dolan?

[Context]

Since yesterday, MSG stock is down $67,500,000 in market share.
If Lin isnt matched, tomorrow will be a downward spiral for MSG.

I really starting to believe the Knicks were always going to match. Dolan can't be that fing stupid...

[21shumpst]

Wow the stock has gone down a half percent since my last post a couple of minutes ago! Must have lost a huge Asian corporation lol.

Obviously you guys don't realize that this has nothing to do with Lin... it's because we didn't retain Landry.