Posts tagged ‘Sports’

December 7, 2011

Two letters that could define the 2011-2012 season … T-U

Every game with Tu is special this season ...

Harrison Barnes, Marquis Teague and Austin Rivers. These names will resonate throughout the 2011-2012 college basketball season. But if you are looking for something special? Check out Tu Holloway and the Xavier Musketeers.

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December 2, 2011

Be like Mike? In 2011??

Michael Jordan - The Owner!

“Want to be like Mike?” The Gatorade jingle can still get the ‘90s generation excited after 20 years but Jordan isn’t ready to let go off the spotlight yet. How evident was it? He was a key player during this year’s NBA lockout.

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November 29, 2011

Put Up or Shut Up Time for Jerry Reinsdorf

How does the new CBA impact Reinsdorf and Da Bulls?

Did you hear?? The NBA lockout is over. Time for The Bulls to continue building the core around Derrick Rose. How does the new Collective Bargaining Agreement affect the Chicago Bulls?

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November 29, 2011

ACC – Big Ten Challenge 2011

Bill Carmody holds the keys to Big Ten's ability to win the challenge every year.

The mother of all non-conference tournaments is here. Two historical conferences face off to resolve the argument ever year: which conference is better top to bottom? Here is a quick runoff about the Big Ten – ACC Challenge …

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November 22, 2011

A Lookback at the 2011 Final Four

Kemba Walker deserved more media coverage.

Before we move on to the 2011-2012 College Hoops season, we are paying homage to one of the most unique Final Fours in recent history. We may never see this collection of teams again for the final weekend of college basketball.

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November 9, 2011

The Art of a Deal: A former Investment Banker’s view on the NBA Lockout

Ramblings by UB

NBA Lockout negotiations are about to get dicey. There is a deal on the table, there are deadlines and there is incredible uncertainty. For those keeping score, the regular season was already supposed to have started. So the main takeaway from all this is that, plenty of people dropped the ball. I spent 5 years in investment banking, and another couple of years floating around the mergers and acquisitions world. I have had the privilege to work with some self-professed studs of negotiating, barbarians at the gate, slick talking, rain making, and gods of the deal game.

Usually, I had other choice words to describe some of those people.

During my time in IB, I did learn a couple of things about the deal making process. I saw first-hand the blood, sweat and tears (lotta tears) that went into selling companies. I watched in awe (or yawn) as bankers threw out Sportscenter like catch phrases such as “competitive tension.”

I created tedious excel sheets that tracked every correspondence that we would have with potential buyers. Significant amounts of time and energy would be placed on making elaborate projections about where the business would go and selling the vision for the company’s future. I also had to make sure that when a potential buyer met company management, that all of the name cards were properly folded and placed in very feng shui manner. Laugh if you want, but I was an investment banking analyst and proud of it! In retrospect, I can’t possibly imagine why I didn’t have more dates lined up for my weekends when I would roll out of the office at midnight on a Saturday … strange.

Unfortunately, I did not work at J.T. Marlin, and wasn’t dripping swag like Ben Affleck in Boiler Room, “You Want details? Fine. I drive a Ferrari, 355 Cabriolet, What’s up? I have a ridiculous house in the South Fork. I have every toy you could possibly imagine. And best of all kids, I am liquid.” I double checked, and that’s a quote from the movie and not exactly how Mark Cuban and Michael Jordan started negotiations with the players.

Top 5 role of Ben Affleck's career.

So all that being said, I feel I am uniquely qualified to analyze how things have gone so incredibly wrong for the NBA, and why we will have a deal very shortly.

Competitive Tension

Whenever bankers have a company that, shall we say, has more issues than one of the umm…women..on Basketball Wives, we would immediately go towards the belief that extrapolating the best value would be to generate “competitive tension.” In other words, lets create the perception that there a lot of people interested in this turd sandwich…umm I mean company.

Unfortunately for the players, there is no competitive tension. Yeah, people can talk about playing in Europe or Japan or Crenshaw Blvd, but that is not scaring any of the owners. Everybody knows that nobody that’s been in the NBA wants to go and play anywhere else in the world. It would be like flying from Chicago to San Fran on Virgin America, and then getting stuck on some puddle jumper w/ 3 connections over 5 days to get back to where you started. (Note: we are not getting paid by Virgin America for that plug, but if you are flying to Cali, do yourself a favour and book Virgin America! Its awesome, I can’t go back!)

Think about it, instead of the United Center, you’re in some random gym in Europe, where there may or may not be enough security to prevent the crowds from throwing random garbage on you and worse. Also, how about sharing hotel rooms w/ teammates, instead of the usual veteran NBA groupies. On a side note, you haven’t lived until you’ve waited until after an NBA game ends and you see Hoodrat Central congregate by the entrance tunnels. I keep telling everybody, the NBA is faaaaaaan-tastic!

The owners know this, the fans know this, and most of the players know this. It is Billy Hunter’s job to broker the best deal possible under these circumstances. Not sure what the holdup is. Currently, we’re basically talking about a 50/50 split on the BRI, and all sides are a little irritated. That sounds like compromise to me.

We are one more bad press conference away from David Stern pulling a Gordon Gekko from the original Wall Street and screaming: “You’re walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place.” Taking a puff of a cigarette, screaming “Let slip the dogs of war” and having an army of IRS agents descend upon the players and their agents. Shoutout to Jacob the Jeweler!!!
(feel free to google the reference at your own leisure).

Greed is good!

Show Me the Money

Taking a page from Steven A. Smith, the owners cut the checks, they’re the billionaires and ergo they have the leverage plain and simple. You can dress up the situation as much as you want, but at the end of the day billionaires tend to have more financial means than millionaires. Especially when the millionaires are in their early twenties, and tend to spend money like it is going out of style. I’m not blaming them, when bonus season at the banks comes around let’s just say tailors, car dealers and strip clubs have a healthy influx of business and incredibly suburban, sickly, sleep deprived kids walking around the city saying things like “making it rain” and “stunting”. I can’t imagine what it would be like to be awesome at basketball, have an entourage and women at your beck and call. So, I am not mad at any of them for having some spending extravagances.

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