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NBA 2016-2017 Season Thread - Page 990

post #14836 of 27247
Banned forever, fined 2.5 million
post #14837 of 27247
Quote:
Originally Posted by EMartNJ View Post

The average net worth of a US household is 700,000. That fine adjusted would be $182 for the household of average net worth. 
not to get all CEspool on you, but i think there's an extra 0?
post #14838 of 27247
Quote:
Originally Posted by texas_jack View Post

Banned forever, fined 2.5 million

yeah and they are going to try and force him to sell the team, he is a rich and litigous guy, good luck with that.
post #14839 of 27247
Quote:
Originally Posted by edmorel View Post

so sterling suspended indefinitely and $5mln fine, won't make everyone happy but probably all they could legally do short of getting all the owners to vote for a forced sale

Quote:
Originally Posted by texas_jack View Post

Banned forever, fined 2.5 million

Wait, which is it??
post #14840 of 27247
Adam Silver is serious business.

They're going to force his ass to sell.
post #14841 of 27247
Quote:
Originally Posted by foodguy View Post

not to get all CEspool on you, but i think there's an extra 0?

EMART is talking about his neighborhhood.
post #14842 of 27247
He is serious, but he sounds like a dweeb on the radio.
post #14843 of 27247
Thread Starter 
It's the lifetime ban and $2.5m fine.

I hope it just takes time to get all the other owners to sign-off and get him to sell the team though or else Doc and numerous players will be demanding to opt out of their contract next year.
post #14844 of 27247
Quote:
Originally Posted by Neo_Version 7 View Post


Wait, which is it??

2.5 mln and banned for life. They can't legally make him sell, but they are going to try and make life impossible for him so that he has no choice but to sell. Of course if you are him and these guys are trying to bleed you to death, you hire a team of super lawyers to sue the league for costing you a couple hundred million in the value of the team.
post #14845 of 27247
Thread Starter 
"I will urge the board of governors to exercise its authority to force a sale of the team." - Adam Silver
post #14846 of 27247
Quote:
Originally Posted by fir3fox View Post

Adam Silver is serious business.

They're going to force his ass to sell.

Pfff. He's not selling unless he chooses to. You're ignoring the fact he owns the team outright and answers to nobody. Property rights are not that simple. And, all convenient bluster aside, there is no appetite among owners to force a move.

He's been the worst owner in the league for 30 years. Do you really think he's going to care? A 5m fine is nothing to a billionaire.

He'll probably transfer ownership, best case in the short term.

Quote:
Originally Posted by edmorel View Post

2.5 mln and banned for life. They can't legally make him sell, but they are going to try and make life impossible for him so that he has no choice but to sell. Of course if you are him and these guys are trying to bleed you to death, you hire a team of super lawyers to sue the league for costing you a couple hundred million in the value of the team.

He's not a day to day guy anyway. He can just run the team from home. Sure, inconvenient, but this is a major asset which he'll protect.
post #14847 of 27247
They ought to just sell the team to Magic Johnson with no money down,
post #14848 of 27247
Found the ESPN live stream.

One of the questions, "would the NBA be more open to having more black owners?" something along those lines facepalm.gif
post #14849 of 27247
Quote:
Originally Posted by RFX45 View Post

"I will urge the board of governors to exercise its authority to force a sale of the team." - Adam Silver

in order for the governors to enact force majeure, they have to show that he has harmed the league, not just his own team. The language seems vague enough where a forced sale could take years to work its way through the court system. Also not sure if I am another owner, that I just want forced sales going through on people's personal beliefs.
post #14850 of 27247
Quote:
Originally Posted by rnoldh View Post

They ought to just sell the team to Magic Johnson with no money down,


when you sell to Magic, you are really selling to Wall Street lookaround.gif
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