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Be like Mike, LeBron wants to have an NBA team.



It has been said that Michael Jordan's decision to sign with Nike was one of the best deals in sports history, launch a multi-million dollar business, help turn the company into a basketball giant and change the game for the hundreds of athletes They chased him.

But, what if it was only the second best agreement Jordan made in his life?

In 2010, Jordan made an incredible transaction that could rival it, even if it does not get the attention it deserves. At that time, the values ​​of the NBA franchises had receded due to the economy, the owner of Charlotte Bobcats, Bob Johnson, was heavily indebted and the NBA was interested in helping Jordan obtain ownership of a team after previous attempts will fail.

The brightest stars in the league are meeting in Charlotte from February 15 to 17.

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The result was a historic agreement that has become one of the biggest purchases of equipment in recent history. Jordan obtained the Bobcats for a reported value of $ 275 million, but most of it was the debt assumption. The NBA approved the purchase and Jordan paid only $ 30 million in cash, according to the Charlotte Observer, an agreement the league probably will not approve today.

Jordan subsequently bought more shares in the team and now owns about 90 percent of the franchise. His property has raised Jordan's net worth by hundreds of millions in the last decade. This month, Forbes estimated that the Hornets (new Bobcats) now have a value of more than $ 1.2 billion.

The Hornets have typically operated in red, but feel driven by a robust income distribution system that channels tens of millions to Jordan annually to help make his team profitable. For example, between 2012 and 2017, league documents showed that Jordan's fellow owners sent him more than $ 130 million in revenue assistance.

This week, Jordan will host one of the NBA's exclusive events when Stellar Weekend arrives in Charlotte. The city spent $ 34 million to help renovate the Spectrum Center to prepare for the event.

When LeBron James arrives to lead the LeBron team against the Giannis team, he will do so with admiration for what Jordan has done. The six championships and the Hall of Fame career, of course, but James has been amazed at Jordan's achievements on the field since he was a child.

Michael Jordan's career on and off the court has long been a model for LeBron James. David T. Foster III / Charlotte Observer / MCT through Getty Images

The maneuvers and deals of Jordan to become the controlling owner of an NBA franchise has captured James' attention again when James matured from basketball star to entrepreneur.

James and his business partner, Maverick Carter, made it clear that their goal is to own a sports team in the future. As with his playing career, when James has traced his own path but often seeks inspiration from Jordan, James hopes to have his own Star Weekend.

Actually, James already owns a sports team. As part of an agreement in 2011 with Fenway Sports Group, James received a small percentage of the strength of English football Liverpool FC. FSG bought the equipment for $ 477 million shortly before it made the deal with James. The club is now valued at approximately $ 2 billion. That investment by James has gone quite well.

THE TIMBERWOLVES HAVE He made two major changes during the season in the hope of shaking up what has been a disappointing list. After a month-long confrontation with Jimmy Butler, they moved him to Philadelphia in November. And in the first week of January, the team fired coach Tom Thibodeau, replacing him with the energetic Ryan Saunders, whom the players seem to love.

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Neither of the two measures has shaken the team from the crisis for a long time. The Wolves had a 9-3 record in their first dozen games after Butler's trade, but they're only 13-18 since then and are heading into Wednesday's game against Houston in 12th in the West and four games in the second. last place in the playoffs. It is fair to say that one of the main pieces of that exchange, Robert Covington, has missed the last 19 games with a serious ankle injury that has contributed to that fall.

The Wolves were 19-21 when Thibodeau was fired and they are 7-9 under Saunders. The team's defense, which has been the culprit for the past few seasons, has lost part since Saunders took over and is allowing almost four more points for every 100 possessions.

Andrew Wiggins, who was expected to receive a boost when Butler moved, is having a miserable shooting season. It has less than 40 percent in general and only 33 percent in mid-range jumpers, the second worst in the league among players with at least 250 attempts, according to ESPN Stats & Information (Russell Westbrook is at 32 percent) . He is throwing a pitiful 48 percent in the paint, the worst of his career. And he does not even get a foul, he only gets 4.4 free throws per game. He averaged seven per game during his second season in 2015-16.

It seems that there is a possibility that owner Glen Taylor will make changes to his head office after the season (the current general manager, Scott Layden, is a Thibodeau contractor), but what can be done with this team is a riddle.

There are some bright spots with Karl-Anthony Towns heading to the All-Star Game and the resurgent season of Derrick Rose. But overall, the season has been a big disappointment after the Wolves broke their 13-year playoff drought last year. They had such an impulse and promise two years ago after acquiring Butler and since then they have only shown flashes.


THE SEATTLE GROUP who tried to buy and relocate the Sacramento Kings in 2012 does not give up. Chris Hansen, the main investor, sent a letter to the mayor of Seattle and the city council once again requesting a street closure that would clear the way for a privately funded scenario for an NBA team in the SoDo district. from the city. The group thought it would win approval for the closure of the street in 2016, but lost a vote on the council.

In December, Seattle was officially awarded an NHL expansion franchise to begin in 2021. The team will play in a massively renewed KeyArena. The operators of the new arena, Oak View Group, have designed the arena to also accommodate an NBA team and believe that a second arena is unnecessary.

Beyond all the political and traffic issues in this matter, the important thing is that these investors still firmly believe that an NBA franchise will land in Seattle in the short term. Hansen's group has taken the position that the income demands for a modern NBA team will make it difficult to share an arena with an NHL team and the Oak View Group.

NBA commissioner Adam Silver continues to reject the expansion at this time. But with the plans underway to allow costumes and services at the NBA level in the new KeyArena and Hansen preparing another offer of sand of a billion dollars, there are many wealthy people in one of the richest cities in the United States that are coming and that an opportunity is coming.


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