What if COVID-19 Forces Tilman to SELL The Rockets?

You act like teams haven't moved before. Not saying it's likely, but it's always possible. I never saw the Sonics or Oilers leaving for example.

 

Like there is no precedent of a team moving to a smaller city?

 

Did you not read my original post?

The days of teams moving to smaller markets simply for an arena is no longer as pertinent in this day/age where big national media deals really drives revenue.

Those previous teams moving were short-sighted decisions both for those teams and those leagues. The NFL would never voluntarily expand into Nashville (or Jacksonville for that matter) today. Same for the NBA and OKC. Franchise values are highest in major markets... because of the population and media market deals that go along with them.

 

I did and at the end of the day that is just your opinion, not fact. The actual fact is that it has happened before and outside of something mandating it can never happen again, it still can.

 

100 grand plus 10 Tempur-Pedic King size mattresses.

 

+345% in a week ....


But I really doubt that offsets 500+ empty restaurants along with empty casino's .....


I wouldn't shed a tear over it if he went broke and had to sell the team.

 

Uhhh, we'd have to celebrate in small groups, to keep with social distancing?

 

I think it was 2 billion, and Tillman bid 2.2 billion.

 

Seattle was the soon to be 3rd largest city in the nation, and growing? They had a modern stadium in place with a lease until 2033, where the owner has complete control of sub-leasing?

Yeah, good luck convincing a majority of owners to leave a situation like that.

 

I'll get over it! I know he is in the owner top 10 but he ain't got that Ballmer bank! Nobody does but I'm just saying.

 

I’ll say its a fact till proven wrong. All future major sports teams, if they decide to relocate, will be going to bigger (not smaller) markets. It’s because owners made dumb mistakes in the past with these decisions that further strengthens the allure of being in big markets.

 

This isn’t just any team moving out of any city.

 

Owner top 10 "richest" ....

Bottom 2 in everything that matters. He's approaching Dolan status in a hurry.

 

Oil is parked at around $25 a barrel. Renewables are the future and Houston is a flood risk. Put it all together and you have a recipe for a very bad bust.

If business gets tight here it won't matter if we're the 4th largest city. We'll become the 5th largest after people and business leave just like they did in Detroit after the auto collapse. All those club seats are bought with O&G money in some way or another and if those businesses suffer the team will suffer. We will either be forced to lower prices and tank with cheap players or worse...move the team.

 

12-13 per thousand is a death rate. Not a total.

The US death rate for 2018 was, depending on how you age-adjust the numbers, somewhere between 8.1 and 8.6 per thousand. Which itself was a significant jump over the immediately prior years, where it was in the middle 7s. Yay aging population.

I was guessing, therefore, that the US overall death rate might jump by 50 percent due to this bug. Despite the likelihood that the deaths caused by Covid skew to the elderly and those in ill health. People who reasonably might have been thought to die anyway this year, Covid or no Covid.

Expanding a 12-13 per thousand death rate on the population as a whole, yields about ~330 million, divided by 1,000, multiplied by 12 to 13. Or 4 to 4.3 million total deaths. Subtract the prior year's total deaths, and you get an estimate of 1.2 to 1.5-ish million excess deaths caused by Covid-19.

At a ballpark 1 percent case fatality rate, assuming a lot of infected are never counted as actual cases, about 35-40 percent of the entire US population would have to be infected in order to reach that fatality number. If you look at prior estimates for the 1918 flu epidemic, that's too high (~18 percent or so); if you believe as Goldman Sachs did in their infamous investor conference call a few days ago, that's too low (60%, IIRC).

 

Only because Russia and the Saudis are in a d!ck measuring contest right now, re: production. Neither can afford to keep it up for long. Moreover, a significant consumer, China, drastically cut their requirements over the prior few months. And now the US, and the rest of the world are driving a lot less and consuming less due to quarantining. Less demand, lower prices.

Don't get used to it. I seriously doubt this nation's commitment to shutting everything down for a few months. Especially given people are largely two paychecks away from 'busto!' Accordingly, people will demand to get back to what they were doing, and since our politicians still ostensibly listen to us, the politicians will rescind these restrictions. People go back to work, they start driving again. Businesses start using petrochemicals again. And so on.

Further, China is going back to work. You listen to them---LOL!----they have few to no new cases. Therefore, they are restarting production and will therefore be back to their usual appetite for petroleum.

It has nothing to do with renewable energy.

 

The Rockets have been in Houston since 1971
and unlike Les Alexander

Tilman is actually a resident and loyal to his town.

Doesn't make him a great owner but doesn't make him a New Yorker who would sell the team and live in Florida either

 

I'm glad they didn't let Les move the team to Beijing

 

Piling onto Nick's last point: can anyone remember the last time a pro team sold for less than the owner paid for it? Me neither. The prices always go up, right? Think the other NBA owners want to establish a precedent that team valuations can fall? They'll let what happened to Shinn happen to Fertitta before they let him sell at a loss.

 

I'm digressing here, but I hope our Houston Rockets are taking good care of themselves in this very trying time. I pray for everyone here and all good people throughout the world too.