Bulls trade for cash, waive MCW + Brooks

[P.C.]

To any one claiming the Reinsdorf cannot take capital from the Bulls and move it to the White Sox, there is no basis to make that statement. Yes there are two separate ownership groups, but we have no idea how the corporate documents are drafted, or the leanings of the other shareholders.

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox. So when we see the White Sox spend in free agency repeatedly and immediately after the Bulls sell an asset it should raise questions.

[P.C.]

What are the chances Reinsdorf uses this money towards the White Sox free agency.....

Two different ownership groups. Although Reinsdorf is in charge of both he can't just shift the money around like that.

yeah I really dont understand why everyone keeps saying this. those typesnof accounting practices are basically illegal

Sent from my SM-G950U using Tapatalk

Never claimed that they could commingle funds; only that capital could be removed by one set of owners, and used on the other organization if there are people who are owners in both groups (and we know there is at least one shared owner).

[ZOMG]

Don't get me wrong, I don't want MCW. But it's still hilarious to see the Bulls acting like they're OBVIOUSLY too good for a somewhat athletic non-shooter who doesn't play winning basketball.

I mean... that's like 60% of the roster right now.

[Evil_Headband]

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox.

What would be the accounting entry for this?

[League Circles]

To any one claiming the Reinsdorf cannot take capital from the Bulls and move it to the White Sox, there is no basis to make that statement. Yes there are two separate ownership groups, but we have no idea how the corporate documents are drafted, or the leanings of the other shareholders.

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox. So when we see the White Sox spend in free agency repeatedly and immediately after the Bulls sell an asset it should raise questions.

Jesus man, the white sox are making like a 200 million dollar offer.

The Bulls just received apparently 1 million dollars, which has been reported to cover the new expenses of Marshon Brooks and MCW's contracts or partial contracts.

The notion that these moves are related is really reaching for the sky.

[mtron32]

Don't get me wrong, I don't want MCW. But it's still hilarious to see the Bulls acting like they're OBVIOUSLY too good for a somewhat athletic non-shooter who doesn't play winning basketball.

I mean... that's like 60% of the roster right now.

Yes, they're too good. I've had enough of the guards that cant hit from distance. Dunn feels like he could improve on that, Archie comes and goes and Shaq is terrified of the 3pt line

[League Circles]

Don't get me wrong, I don't want MCW. But it's still hilarious to see the Bulls acting like they're OBVIOUSLY too good for a somewhat athletic non-shooter who doesn't play winning basketball.

I mean... that's like 60% of the roster right now.

Yeah, but the rest of the similar guys they have aren't 27 years old in their 6th year in the league.

[P.C.]

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox.

What would be the accounting entry for this?

I’m not sure of the accounting terminology. It would be a distribution to shareholders under one entity with a non legally binding general understanding that the capital will be committed to another entity, either through the making available of new corporate stock or a new round of financing.

[P.C.]

To any one claiming the Reinsdorf cannot take capital from the Bulls and move it to the White Sox, there is no basis to make that statement. Yes there are two separate ownership groups, but we have no idea how the corporate documents are drafted, or the leanings of the other shareholders.

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox. So when we see the White Sox spend in free agency repeatedly and immediately after the Bulls sell an asset it should raise questions.

Jesus man, the white sox are making like a 200 million dollar offer.

The Bulls just received apparently 1 million dollars, which has been reported to cover the new expenses of Marshon Brooks and MCW's contracts or partial contracts.

The notion that these moves are related is really reaching for the sky.

Agreed — pretty silly if you’re looking at this one deal. People (the White Sox Twitter feed) are raising this because it seems to be part of a pattern.

[League Circles]

To any one claiming the Reinsdorf cannot take capital from the Bulls and move it to the White Sox, there is no basis to make that statement. Yes there are two separate ownership groups, but we have no idea how the corporate documents are drafted, or the leanings of the other shareholders.

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox. So when we see the White Sox spend in free agency repeatedly and immediately after the Bulls sell an asset it should raise questions.

Jesus man, the white sox are making like a 200 million dollar offer.

The Bulls just received apparently 1 million dollars, which has been reported to cover the new expenses of Marshon Brooks and MCW's contracts or partial contracts.

The notion that these moves are related is really reaching for the sky.

Agreed — pretty silly if you’re looking at this one deal. People (the White Sox Twitter feed) are raising this because it seems to be part of a pattern.

Even so, if JR removes capital from the Bulls, it becomes his personal capital. He can do whatever he wants with it, including investing it into another business he owns. I don't understand why that would be noteworthy or cause for concern.

[keloms]

The only consistent pattern is fans making ignorant comments without knowing how things really work.

Sox may not be in Yankee, Red Sox, or Cubs profit range, but, Reinsdorf doesn't need to take from the Bulls to pay White Sox bills.

[League Circles]

The only consistent pattern is fans making ignorant comments without knowing how things really work.

Sox may not be in Yankee, Red Sox, or Cubs profit range, but, Reinsdorf doesn't need to take from the Bulls to pay White Sox bills.

Yep, and if JR wanted to buy all the best FAs on the market for the sox, he could and would just deposit hundreds of millions of his personal funds and do so. He wouldn't ask Paxson to arrange otherwise undesirable trades on the Bulls for miniscule assets and go for some accounting tricks.

[keloms]

To put in perspective how dumb the claims are, based on 2017 profit stories, White Sox make around $42 million a year in profit which is better than half the NBA.

[P.C.]

Jesus man, the white sox are making like a 200 million dollar offer.

The Bulls just received apparently 1 million dollars, which has been reported to cover the new expenses of Marshon Brooks and MCW's contracts or partial contracts.

The notion that these moves are related is really reaching for the sky.

Agreed — pretty silly if you’re looking at this one deal. People (the White Sox Twitter feed) are raising this because it seems to be part of a pattern.

Even so, if JR removes capital from the Bulls, it becomes his personal capital. He can do whatever he wants with it, including investing it into another business he owns. I don't understand why that would be noteworthy or cause for concern.

Right — it’s only concerning if you would like to believe your ownership is completely deticated to winning. It’s silly in the same way rooting for laundry is silly.

[kodo]

Don't get me wrong, I don't want MCW. But it's still hilarious to see the Bulls acting like they're OBVIOUSLY too good for a somewhat athletic non-shooter who doesn't play winning basketball.

I mean... that's like 60% of the roster right now.

Exactly...so why make it 70% of the roster.

[League Circles]

Agreed — pretty silly if you’re looking at this one deal. People (the White Sox Twitter feed) are raising this because it seems to be part of a pattern.

Even so, if JR removes capital from the Bulls, it becomes his personal capital. He can do whatever he wants with it, including investing it into another business he owns. I don't understand why that would be noteworthy or cause for concern.

Right — it’s only concerning if you would like to believe your ownership is completely deticated to winning. It’s silly in the same way rooting for laundry is silly.

Haha, it's not clear to me whether you are agreeing with me or angry about this move. I also don't exactly get the laundry analogy although I do know what that means in a sports context.

[MrSparkle]

Well the trade is irrelevant to us as fans, unless the next Isaiah Thomas is taken at #60 and Bulls whiff due to giving HOU that pick.

Personally I hope the protection stays and we get two 2nd rounders. I still don't entirely understand why the FO gets huge man-crushes on 20-30 picks, but 40-60 are tossed like trash. Statistically both parts of the draft produce low probability starters. When you consider the headaches of watching Niko never develop into a comfortable position here, or over-relying on a slightly overpaid Taj for most his young tenure, you consider that a lot of 31-50 picks who pan out basically bring an equal share of pluses and minuses. I mean, you get RJ Hunters and Tony Snells in the 1st, you get Josh Richardsons and Cedi Osmans in the 2nd... Jabari Bird looks OK as a bench prospect (drafted 56).

Ainge and Morey hit the 2nd round pretty hard. If anything I think it is a smart strategy to have a deep bench that includes many cheap mystery prospects, including international gambles. Hope didn't Niko turn them off (I know he was a 1st rd. but as far as Euros go)... IMO Niko in the end was a great pick who wasn't trained, mentored and coached properly.

[Red8911]

MCW is the younger version of Shaun Livingston with extreme limited range on his jumpshot.

He should of been. MCW actually has a good skill set to go along with his perfect size/length but his low IQ and lack of improvement is going to end his nba career faster than we all thought.It’s a shame, he had so much potential.

[Evil_Headband]

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox.

What would be the accounting entry for this?

I’m not sure of the accounting terminology. It would be a distribution to shareholders under one entity with a non legally binding general understanding that the capital will be committed to another entity, either through the making available of new corporate stock or a new round of financing.

I'm sorry, but this makes no sense. I think you may be using terms that you don't fully understand.

[yifsuibfe1]

It is completely conceivable (and honestly not unlikely) that Reinsdorf would have the power and good will to remove capital from the Bulls and reinvest his portion of that capital in the White Sox.

What would be the accounting entry for this?

I’m not sure of the accounting terminology. It would be a distribution to shareholders under one entity with a non legally binding general understanding that the capital will be committed to another entity, either through the making available of new corporate stock or a new round of financing.

There could be intercompany receivable/payable accounts between the teams. “Due To/From Chicago Bulls, LLC” or something along those lines