Will Jordan ever stop being cheap?

GlenRiceARoni · Post #1 » by **GlenRiceARoni** » Mon Apr 10, 2017 5:16 am

Ok, this team is a relatively small market that got hit extremely hard by the banking crisis. Unfortunately Bank of America and Wachovia are never coming back and it's not likely things change drastically in Charlotte any time soon.

Jordan is now officially rich off the fortune he made buying the Bobcats at an absolute low point with heavy leverage.

His shoe deal is what like $100 million a year??

As competitive as he is I guess I just don't understand him bringing in Miles Plumlee for $11M instead of Nerlens Noel for $22- $26M or other similar deals??

Does he really want to win? It seems to me he's just as cheap as Krause & The Bulls Management he constantly complained about as a player...

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TheKingofSting · Post #2 » by **TheKingofSting** » Mon Apr 10, 2017 5:29 am

He is fine as long as attendance is in the black. Hopefully enough fans catch on to what you and I see and simply stop going to the games to force his hand.

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Post #3 » by **yosemiteben** » Mon Apr 10, 2017 5:34 am

wot

Our payroll this season ranked 11th. On pace to maintain that ranking next season.

Random thread. Wasn't aware "Bank of America is never coming back."

Vanderbilt_Grad · Post #4 » by **Vanderbilt_Grad** » Mon Apr 10, 2017 12:13 pm

I don't see Jordan being cheap as the problem. We've seen the cheap model before with the pre-Balmer Clippers and other teams. Charlotte's spending, trades, and such don't fit that at all.

Personally I think that Jordan just got impatient. Frustrated with losing he pushed the front office to turn things around faster a few years ago. Some of those moves have been good (signing Marv the first time, trading for Lee, etc.) and others have turned out really poorly. But all of those have been moves to win more now even if they didn't work.

As for BoA. The HQ is still officially here, but every year there are fewer and fewer C level folks actually here in Charlotte. And without going into detail I personally think that BoA has some really big issues that are going to get worse. They aren't gone yet in any official sense, but it's no longer the bank that was NCNB which brought growth and big things to the region.

Post #5 » by **yosemiteben** » Mon Apr 10, 2017 1:02 pm

I mean...developments at BofA have literally nothing to do with whether MJ will spend on the team. CHA continues to grow, was just a weird comment.

Vanderbilt_Grad · Post #6 » by **Vanderbilt_Grad** » Mon Apr 10, 2017 1:19 pm

I took Glen's post to be building a narrative.
1. Market is bad because of bank issues
2. MJ's finances were artificially boosted by how he was able to buy the team and he's not making a ton of money elsewhere.
3. Given 1&2 MJ is being cheap and creating a treadmill team to keep fans in the seats to get $$

I don't agree with that narrative, especially #3, but parts of it are not entirely off base.

Marino · Post #7 » by **Marino** » Mon Apr 10, 2017 1:19 pm

Seems like the demise of the city of Charlotte is a little bit premature.

Post #8 » by **yosemiteben** » Mon Apr 10, 2017 1:29 pm

http://www.bizjournals.com/charlotte/news/2016/11/16/millennial-magnet-charlotte-ranks-as-top-city-in.html

http://www.curbed.com/2016/12/6/13848812/charlotte-development-construction-housing-market

Post #9 » by **fatlever** » Mon Apr 10, 2017 1:45 pm

Where the hell is First Union? NCNB? Damn depression.

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Post #10 » by **fatlever** » Mon Apr 10, 2017 1:48 pm

Check the real estate market in South charlotte and then let's talk about this poor sleepy town that is struggling.

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Post #11 » by **fatlever** » Mon Apr 10, 2017 1:53 pm

Anyway, MJ has not shown any signs of being cheap since the rebuild, other than not paying for 2nd round picks and that might be more cho and cliff. I don't expect MJ to go into luxury tax until we have a contender or superstar to build around. This isn't baseball or European soccer, you can't buy championships. Ask Dolan. Until then the hornets goal is to continue to build culture and a fan base, which they have done a great job of over the past 4 years.

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BlackOutBuzz · Post #12 » by **BlackOutBuzz** » Mon Apr 10, 2017 2:32 pm

Thought this was gonna be about selling second round picks, which would be somewhat valid, but it's hard to call him cheap after having such a high payroll this year. And after trading for a couple bench players with combined salaries of $67M, you could actually argue he was a bit frivolous this year.

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Bassman · Post #13 » by **Bassman** » Mon Apr 10, 2017 4:39 pm

Biggest problem is not MJ being cheap. Decision making relative to player quality for value signings and drafts limits us far more. Who is responsible for those decisions? Cho, Cliff, MJ all have a part to play. Nobody gets it right all the time but teams at the top like San Antonio find a way without high picks.

Mystical Apples · Post #14 » by **Mystical Apples** » Mon Apr 10, 2017 5:18 pm

Bassman wrote:Biggest problem is not MJ being cheap. Decision making relative to player quality for value signings and drafts limits us far more. Who is responsible for those decisions? Cho, Cliff, MJ all have a part to play. Nobody gets it right all the time but teams at the top like San Antonio find a way without high picks.

Teams "like" San Antonio?

I get what you're saying but only The New England Patriots fit that description. Maybe GSW if their relatively short run is included. Or Dallas, though I'd argue from Dirk not necessarily competent management. And Miami cause, well, Miami + GOAT manager + taxes.

Mystical Apples · Post #15 » by **Mystical Apples** » Mon Apr 10, 2017 5:31 pm

As an aside, it'll be fascinating (and sad) when Pop retires. Their historic run has/had 3 main driving forces:

1. Pop
2. David Robinson's serendipitous injury.
3. Management exploiting low hanging fruit. Except other FO's are smarter than 5, 10 years ago.

TheKingofSting · Post #16 » by **TheKingofSting** » Mon Apr 10, 2017 7:54 pm

Vanderbilt_Grad wrote:I took Glen's post to be building a narrative.
1. Market is bad because of bank issues
2. MJ's finances were artificially boosted by how he was able to buy the team and he's not making a ton of money elsewhere.
3. Given 1&2 MJ is being cheap and creating a treadmill team to keep fans in the seats to get $$

I don't agree with that narrative, especially #3, but parts of it are not entirely off base.

We have a WINNER!

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TheKingofSting · Post #17 » by **TheKingofSting** » Mon Apr 10, 2017 7:59 pm

Bassman wrote:Biggest problem is not MJ being cheap. Decision making relative to player quality for value signings and drafts limits us far more. Who is responsible for those decisions? Cho, Cliff, MJ all have a part to play. Nobody gets it right all the time but teams at the top like San Antonio find a way without high picks.

They just re-signed Cho for next year. He is definitely a yes man so I say he and MJ deserve the blame and Cliff is guilty by association at the VERY LEAST!

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GlenRiceARoni · Post #18 » by **GlenRiceARoni** » Mon Apr 10, 2017 8:23 pm

yosemiteben wrote:wot

Our payroll this season ranked 11th. On pace to maintain that ranking next season.

Random thread. Wasn't aware "Bank of America is never coming back."

Sorry, wrote this early In the AM. I meant to type bank of America is still smoked turkey, beef jerky. and Wachovia is never coming back.

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GlenRiceARoni · Post #19 » by **GlenRiceARoni** » Mon Apr 10, 2017 8:28 pm

As for BoA. The HQ is still officially here, but every year there are fewer and fewer C level folks actually here in Charlotte. And without going into detail I personally think that BoA has some really big issues that are going to get worse. They aren't gone yet in any official sense, but it's no longer the bank that was NCNB which brought growth and big things to the region.

Right. That's what I meant. The bank is a propped up joke of bad assets. It will take a decade to sort that pile of horse dung out. You cant just merge two pieces of crap together (boa and merrill) and grow your way out of bankruptcy quickly. Fake valuations. Bank will never be the same and even still a decade later they're still worth a fraction of what they used to be

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GlenRiceARoni · Post #20 » by **GlenRiceARoni** » Mon Apr 10, 2017 8:29 pm

yosemiteben wrote:I mean...developments at BofA have literally nothing to do with whether MJ will spend on the team. CHA continues to grow, was just a weird comment.

Well that obviously isn't true. Charlotte's growth is HEAVILY influenced by the banking sector. They were briefly a huge player.

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