yosemiteben wrote:MasterIchiro wrote:Any baseball fans out there? This is chump change. I'm numb to it. The NBA is every bit as lucrative as MLB. The Clippers are worth 2 billion bucks? More than most baseball teams.
The NBA is changing. Contracts are escalating because agents know their clients are worth more today than ever. It's shocking initially but you get used to it.
I went through the same thing with baseball and still sometimes can't believe the money these guys get.
Baseball is irrelevant because they don't have a salary cap.
They have a luxury tax though and just last year the team with the highest valuation (New York Yankees, of course) considered severely limiting their spending to remain under the threshold.
The general trend is, as team revenues escalate in team sports, agents devise calculations to win their clients a greater share of those revenues. Contracts values are increasing significantly in this market due to the rising revenues around the NBA. This market has formed in the wake of a 2 billion dollar sale of the Clippers.
MJ has been recently declared a billionaire, you know, the guy who bought the LOLcats. This 'overpay' to Hayward represents a little revenue sharing so to speak. It's MJ's money, there's no short supply. The GM knows the importance of the rebrand and the implications of compelling fans to pay money for tickets and follow the team.
When my phone call came in yesterday, I told you we were close.
The fans have already paid for talent, what shape that talent takes is up to the GM.
It has been written...