Wiretap: Jazz could be sold if bad CBA is agreed upon

Moderators: Inigo Montoya, FJS

UTJazzFan_Echo1
Lead Assistant
Posts: 4,769
And1: 279
Joined: Apr 04, 2009
Location: Utah
 

Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#1 » by UTJazzFan_Echo1 » Mon Nov 21, 2011 7:02 am

http://basketball.realgm.com/wiretap/216658/Source_Jazz_Could_Be_Sold_If_CBA_Doesnt_Change_Small_Market_Equation

As if we haven't had enough bad NBA news coming from the lockout lately...

I was about to go to bed when this lovely article popped up on the realgm front page... I'm not so tired anymore. Personally, I have a really hard time comprehending the Millers ever selling the Jazz. Unless Greg really fell far from the Larry tree, the Jazz should be here in Utah under the Miller family name for many more generations.

Discuss.
Jerry Sloan >>>>>>>> Everything else.
User avatar
CAE15
Assistant Coach
Posts: 4,141
And1: 699
Joined: Jul 16, 2006
Location: Udoka Azubuike Central
   

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#2 » by CAE15 » Mon Nov 21, 2011 7:33 am

I would be at a total loss for words if the utah jazz moved out of utah.
Image
User avatar
edfmx86
Club Captain- MLS Soccer
Posts: 5,586
And1: 199
Joined: May 14, 2007
Location: Provo, Baby!
   

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#3 » by edfmx86 » Mon Nov 21, 2011 7:52 am

CAE15 wrote:I would be at a total loss for words if the utah jazz moved out of utah.


I'd be on suicide watch for sure.

But i think (or i want to think) that this article is bull. Doesnt say anything about the Millers saying they would sell.
User avatar
Xsy
Analyst
Posts: 3,012
And1: 2,266
Joined: Aug 22, 2010
 

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#4 » by Xsy » Mon Nov 21, 2011 8:34 am

This is what happens when NBA journalists have nothing to write about.
Jazz on your face.
Ugly0598
Lead Assistant
Posts: 5,811
And1: 3,197
Joined: Mar 21, 2011
     

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#5 » by Ugly0598 » Mon Nov 21, 2011 8:49 am

MacheteConfetti wrote:This is what happens when NBA journalists have nothing to write about.


Agreed, I'm not buying this article at all.

If it was sold to Checketts, I think the franchise would stay too. He already owns Real Salt Lake, he worked for the Jazz, he seems like a Utah guy.
User avatar
Ming Kong!
RealGM
Posts: 24,480
And1: 31
Joined: Nov 21, 2002
Location: Jazz fan in Miami, FL.

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#6 » by Ming Kong! » Mon Nov 21, 2011 2:59 pm

Um, lots of businesses have bad years, the Jazz have a bright future, stupid to sell low.
User avatar
DelaneyRudd
Senior Mod
Senior Mod
Posts: 104,537
And1: 9,468
Joined: Nov 17, 2006
     

Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#7 » by DelaneyRudd » Mon Nov 21, 2011 4:28 pm

The team owns the arena so its hard to move the team.
finnegan
Banned User
Posts: 3,982
And1: 6
Joined: Aug 29, 2002
Location: Utah

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#8 » by finnegan » Mon Nov 21, 2011 4:48 pm

Huntsman's are you listening?
:pray: :pray: :pray: :pray: :pray:

Please don't let the team leave the State of Utah.
franklin
Banned User
Posts: 235
And1: 1
Joined: Jun 23, 2011

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#9 » by franklin » Mon Nov 21, 2011 5:52 pm

LHM bought the entire club for $26.8 million and add in whatever portion of the $93 million stadium he picked up. In the face of chronic annual losses, it's a no brainer to sell for current value of $340 millionish, especially considering the looming threat of higher taxes on capital gains.

Owning a small market franchise is a billionaire's hobby.
User avatar
seejaydeja
Lead Assistant
Posts: 5,450
And1: 53
Joined: Nov 03, 2005
Location: provo
         

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#10 » by seejaydeja » Mon Nov 21, 2011 6:25 pm

guys chill

from the owner himself

http://twitter.com/#!/GregInUtah/status ... 9529410560

@GregInUtah
Greg Miller
Speculation of the Jazz being sold is unfortunate & irresponsible. Thanks to unprecedented fan & sponsor support the Jazz is solid as ever.
Image
User avatar
Soul Patch
RealGM
Posts: 21,263
And1: 948
Joined: Jun 16, 2008
Location: I'm at the White Castle
Contact:

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#11 » by Soul Patch » Mon Nov 21, 2011 9:20 pm

If only I could I trust Greg Miller.
Jugs wrote:Fark orf slet kent dome wuote ujquote exp
User avatar
oaktownwarriors87
RealGM
Posts: 13,854
And1: 4,418
Joined: Mar 01, 2005
 

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#12 » by oaktownwarriors87 » Mon Nov 21, 2011 10:50 pm

Their player expenditure was over 80 million. It's their own fault for giving Okur that contract rather than letting him become a FA. Smart money says to let him walk. Had they brought in the same revenue this season, without Okur, they could have profited over $10 million dollars.
cdubbz wrote:Donte DiVincenzo will outplay Poole this season.
carrottop12
RealGM
Posts: 21,602
And1: 30
Joined: Oct 10, 2006
Location: why you take out my sig for?

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#13 » by carrottop12 » Mon Nov 21, 2011 10:51 pm

Won't happen.
Lava Rock Kid
Sixth Man
Posts: 1,667
And1: 365
Joined: Feb 05, 2008
Location: Idaho Falls

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#14 » by Lava Rock Kid » Mon Nov 21, 2011 11:21 pm

Wont happen, Unless the players get to continue on this old way of doing business. I would not blame him for selling, how many millions a year would you be willing to spend owning a NBA team. The millers should make something off of this team.

How many years of you seeing your team let players walk or not affording to resign them (wesley) because of money, when your chief rival (lakers) keep picking up more talent. (artest, blake, barnes)

How many years do you want to see the best players refuse to go here and when you draft a best player he ends up leaving.

I dont think they will let the team go, but this reset has to happen.
Getjazz
Sixth Man
Posts: 1,875
And1: 6
Joined: Feb 22, 2005
Location: Closer than u think

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#15 » by Getjazz » Tue Nov 22, 2011 12:40 am

We can keep our drafted players for 7 yrs. Thats a long time. If they want to go after that then I thinks thats ok. Not all will but some may walk. Right now with this team and the young talent, with a 6-7 yr window to make a title run seems about right.
Matthews got over paid and Milsap turned out to be a good deal. Any team in the NBA would like his deal. The Jazz have spent money for yrs to try and contend.
Making the playoffs is a must to make profits. A one to two yr window to get back isn't to much to ask of the Jazz. Plus they have said that they have saved money for this kind of thing anyway. In a yr or two this team will be right back in the playoff hunt and all will be well in Jazz land...
MeestR
Analyst
Posts: 3,623
And1: 430
Joined: Jan 30, 2006
Location: Sa'Lake Central!
   

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#16 » by MeestR » Tue Nov 22, 2011 12:54 am

the article was written with the lockout in mind. im sure he was trying to strengthen the owners stance. greg miller saying the jazz are solid as ever may be good for the fans to hear, but if the club is doing just fine, then why the lockout?
User avatar
DelaneyRudd
Senior Mod
Senior Mod
Posts: 104,537
And1: 9,468
Joined: Nov 17, 2006
     

Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#17 » by DelaneyRudd » Tue Nov 22, 2011 1:24 am

Its typically teams in larger markets with more competition for the sports buck who are in worse shape. The Jazz, Spurs, Blazers and Thunder are not close to moving or folding. The only one team town that is hurting is the Kings and they will likely survive due to strong local support. Their issues go to the larger economy and inner-California being in rough shape.
User avatar
The Sheik
General Manager
Posts: 8,466
And1: 0
Joined: Jul 01, 2006
Location: Irvine, Ca
         

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#18 » by The Sheik » Tue Nov 22, 2011 3:07 am

The Jazz are the backbone of the LHM industry. If they ever sold the team and it was moved out of state all of the LHM industries would plummet. I doubt they ever sell the team and if they do they have to have 100% assurance it won't move.
User avatar
StocktonShorts
Retired Mod
Retired Mod
Posts: 13,386
And1: 2,551
Joined: Jun 02, 2009
   

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#19 » by StocktonShorts » Tue Nov 22, 2011 4:13 pm

Soul Patch wrote:If only I could I trust Greg Miller.


So true.
Image
johnnyblazzed
Ballboy
Posts: 15
And1: 0
Joined: May 18, 2011

Re: Wiretap: Jazz could be sold if bad CBA is agreed upon 

Post#20 » by johnnyblazzed » Tue Nov 22, 2011 8:00 pm

I have a buddy who works at one of the Miller Car Lots - he was telling me last year the automotive side is used to subsidize the Jazz whenever necessary. The automotive side of LHMG is massive and is obviously the most profitable entity of the organization.

Also: * LHM Motor Park is a perpetual money loser. Sure, not $14MM loser. However, the LHMG is
going to keep that running for the foreseeable future.

* With the large contracts off the books (AK47), we would not be $14MM in the hole this season (if we have one). I understand other salaries will go up and a position replaced on the team.

* The article doesn't say anything about the team moving. I understand if an outside buyer purchased the Jazz, and had league approval the Jazz would be moved. Again, the story was only about the team potentially being sold, not moved.

* Last point relates to my intro - as long as the automotive side continues to be a cash cow, and the losses are manageable for a short time - the Jazz stay in the Miller family and stay in Utah.

Return to Utah Jazz