This I can buy. Few teams give up on such a player (Jimmy B). Morey on a phone call to Minnie GM: "I wanted dirt on Hillary and now you talk Russian adoptions? Forget it!" Click.
Cyberx you should post this in the dailythunder forum and watch them flip out haha. Thanks as always for the insights.
My concern with his pocketbook is that Tillman isn’t as rich as Les. He can’t absord $100mm luxury tax payments per year easily. So the concern is that he may not be able to pay the amounts we are hoping we will to field the best team. Even though Capela Paul etc getting the max won’t matter from a salary perspective, if Tilman can only take a $50mm lux payment instead of a $100mm one, it will cause problems with our super team dreams.
Les Alexander net worth as of today: $2.1B Tilman Fertitta net worth as of today: $4.4B Source: Forbes Les Broke @ss........
Teams can't receive a player in a sign and trade if they are over the apron, see Coon 20. Also, PG would take a $10 million hit next year plus pass on a multi year guaranteed deal to opt in for a trade. Finally, GS would go even deeper in tax debt for a nominal gain in talent. So my guess is there is no talk.
I saw that, too. I mean, don't they have IT's Bird Rights? Like you said, since they intend to renounce their MLE this year to create cap space, I assumed cyberx was just talking about what level offers he'd get, and what he'd sign for. He didn't sell a product. He sold a business; one which was on his books before, right? So his value would go up only by the difference between the value of the business before sale and it's realized value in sell. And on the Tilman side of things, he's funding a lot of this through bond sales. So, his value sharply increases by selling those bonds and using some of them to buy Les's asset. From an accounting standpoint, selling those bonds is no different than selling PSL's to fans that you need to pay back in 25 years, right? At the beginning, it's a huge windfall.
Rockets are making a Ton of Money on their TV Deal! Paid the Cost to be the Boss! Going after championships is not Cheap!
Yes they are. You'd be a fool to sell a billion dollar business and trust someone to pay you a little every month. Les isn't a banker. If you don't have all the cash, then you need to get a banker involved. In Landry's case, he sold some corporate bonds. I'm betting the Forbes accounting had Les's business operations already counted as an asset prior to sell. So, the difference in his net worth always had the Rockets on his books, just like Tilman's valuation always had Landry's; so difference is the pre-sale valuation of the business vs the realized value.
This thread is helping me cope with not watching us in the finals right now... Thank yall for the info!
