Instead of starting separate threads for James Harden (selling wine in China), Jimmy Butler (selling coffee makers) and so on I am just going to consolidate my business related postings on one thread. A lot less messy which means less chaos.
I will likely be the only one using the thread but has that ever really stopped me? (Please see my NPR and Basketball project.)
Sharing is caring!
Great news - the league Is healthy and growing financially:
Heard about two weeks ago that baseball experienced RECORD attendance this year. Canât find that article but this is interesting:
You KNOW that the Steinbrennerâs are on top.
Watching more of these clips. So good.
I think that Schulz guy was unprepared for the interview. I saw NBA players going broke and took the bait. Because JJ (our future head coach - haha) pulled the interview out of the gutter immediately (with basic and intriguing facts), I figured Iâd post it. The last NBA guy I heard of going broke was Latrell Sprewell.
The interview w Lou taught me some things. I thought that agents got UP TO 5%. Glad to hear that is not true. Secondly I love learning about the anatomy of the various contracts these guys sign. Personal contracts that millionaires and billionaires sign are fascinating to me.
I want hear more from Lou about the business side of the NBA life.
My apologies but the video is prohibited from playing on another website.
Just go to YouTube and search: Lou Williams on Carrington Flashâs page https://m.youtube.com/@CarringtonFlash
These are a few of my favorite things: Wall Street and the NBA.
What is missing from this video was the LOOK that KD gave JH after the first shot. It was a âSh!!!t - I can do that too - watch meâ look.
I just so happened to be watching CNBC 9 years ago when this happened.
The Heat are tracking individual fans in the arena. Not sure how I feel about that but I understand that itâs a business.
Wish that they could have compared the Premier League too.
The No. 1 piece of advice Dwyane Wade wishes he had entering the NBA (cnbc.com)
NBA Champion Dwyane Wade says it took years to learn how to manage his millions: âI had never really handled more than $500 at a timeâ
Published Sat, May 11 20249:00 AM EDT
CNBC News
Poster Commentary: I love reading about the lifestyle and its even better to read when I see clear/sound money management advice.
Gentlemen, the league is healthy!
I was reading about the womenâs 3 on 3 basketball league (reminded me of Ice Cubeâs Big 3) and came across some NBA player restrictions language in their contracts.
Contributor
I am an attorney specializing in sports, litigation, and labor and employment.
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Basketball Playersâ âProhibited Activitiesâ
In further recognition of basketball playersâ unique skills, both the WNBA and NBA player contracts prohibit players from engaging in activities which âmay impair or destroy [his/her] ability and skill as a basketball player.â The NBA, for example, prohibits players from engaging in the following non-exhaustive list of activities:
(i) sky-diving, hang gliding, snow skiing, rock or mountain climbing (as distinguished from hiking), water or jet skiing, whitewater rafting, rappelling, bungee jumping, trampoline jumping, and mountain biking; (ii) any fighting, boxing, or wrestling; (iii) using fireworks or participating in any activity involving firearms or other weapons; (iv) riding on electric scooters or hoverboards; (v) driving or riding on a motorcycle or moped or four-wheeling/off-roading of any kind; (vi) riding in or on any motorized vehicle in any kind of race or racing contest; (vii) operating an aircraft of any kind; (viii) engaging in any other activity excluded or prohibited by or under any insurance policy which the Team procures against the injury, illness, or disability to or of the Player, or death of the Player, for which the Player has received written notice from the Team prior to the execution of this Contract; or (ix) participating in any game or exhibition of basketball, football, baseball, hockey, lacrosse, or other team sport or competition.
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Not good. Not good at all. How do you lose $40 million? The players want more money but the league canât afford to pay them more. This accounting is easy enough for me to understand.
Bill Burr summed the wnba up perfectly.
Now I just read the players are opting out of the CBA and a work stoppage is possible. I just laugh.
Hails to the mo fo yea yaay:
A comprehensive guide for the bball shoe connoisseur.
Look, I donât think that this was posted previously:
Bad move. The league is too fragile:
Very bold for a league that has never made money