Bobcats sold. [Archive] - Bobcatsplanet Forum

Proudiddy

02-02-2010, 10:44 PM

Man, I'm with you Spectre. Only way I'll be happy with this is if MJ is able to match and ends up being the owner. I have to believe/hope/think that MJ will match it and end up being the owner b/c he has said his ultimate goal was to be a majority owner of a franchise and make it successful as that would fulfill him in terms of his competitive fire.

Also, with MJ, even though he is constantly out of town and making appearances and trips, he's made much more of an effort to be here and be seen than Bob Johnson. Additionally, I think MJ genuinely cares about the area b/c he's from here and he wants to see the franchise succeed here. The guy is obviously business savvy as well.

With Postolos or anyone else that doesn't care about the area or have any ties here, I have my concerns about how much they genuinely care about succeeding HERE.

Twan's Kin

02-02-2010, 11:02 PM

I attribute the (poor) decision to trade away Okafor due to Johnson wanting to sell the team. Any new ownership is a good thing in my view.

BETCATS

02-02-2010, 11:03 PM

Bob's only crime as an owner was he was a buisness man who didnt care. He had no interest in the team, he just wanted to profit off a situation that he thought would make others happy. The team was never his priorty. Beside the time he screwed us over with his pony show or the fact he has been extra stingy (who can blame him, the team has lost him millions) i actually prefer it that way. Just be glad Bob isnt Al Davis or Jerry Jones or Donald Sterling. Bob left the people he paid to run the organziation run the organization. Whatever the motives were behind that (i clearly outlined the non-caring thing enough) i really did like it.

Hopefully this new guy wont mess everything up.

Dcarnys

02-02-2010, 11:17 PM

Well I hope MJ stays on but BJ being out finaly isn't such a bad thing.

ND22

02-02-2010, 11:22 PM

I have confidence in Postolos or MJ.

BRNC

02-02-2010, 11:45 PM

I think it depends on how much the offer is...that will determine if MJ decides to match...if he thinks it is a fair offer for the franchise my guess is he will...BJ (and who could blame him) wanting top dollar was not going to fly in this economy...so the details will be interesting...

SirBobcat

02-03-2010, 12:44 AM

I am glad to see Postolos making an offer. He did a great job as President and CEO of the Rockets and even tripled the value of the franchise while in the job. Harvard University educated...and seems to have nice business sense. I hope MJ doesn't come up with the money...Postolos will make this team better and more popular.

TattoodCats4life

02-03-2010, 02:56 AM

I have read 2 things one I'm rather uncertain of the other I believe 100%.

What I believe: Postolos plans to keep MJ, frankly he'd be a moron not to, no matter how you slice it MJ has clout, and MJ bleeds that special blue that people around here seem to care about without even knowing why :) Sorry heelies.

What I believe less: I read that MJ (via a front) is actually part of this postolos deal, making him like 49% owner in the end, and very ready and poised to make it that 51% he wants so bad.

What is likely: Postolos buys, MJ stays as minority owner and head of basketball operations and gets some other glamourous title to boot.

spectre

02-03-2010, 06:18 AM

http://sports.espn.go.com/nba/news/story?id=4882471

It's no secret that Charlotte Bobcats (http://sports.espn.go.com/nba/clubhouse?team=cha) owner Robert Johnson has been trying to sell his franchise, and multiple league sources have told ESPN.com that he should get his wish by March.

Former Houston Rockets (http://sports.espn.go.com/nba/clubhouse?team=hou) president/CEO George Postolos -- whose first attempt to purchase the team, according to the Charlotte Observer, fell apart last summer -- has made a new offer that Bobcats president Michael Jordan (http://sports.espn.go.com/nba/players/profile?playerId=1035) has until the end of February to match, according to sources.

League officials in New York, when asked about the state of the Bobcats' sale, declined comment.

Jordan negotiated a right of first refusal after Johnson made it clear he intended to sell the team, according to a team source. But it was not immediately known whether the group of investors Jordan has assembled has the wherewithal or inclination to match Postolos' offer.

One source close to the situation told ESPN.com that Postolos does not plan to retain Jordan or his staff if he is successful with his bid.

The newly inducted Basketball Hall of Famer has served as a part-owner and head of basketball operations with the Bobcats since June 15, 2006. And despite receiving regular criticism for his low public profile in Charlotte and around the team, Jordan is enjoying his best period as an NBA executive after a slow start with the Bobcats and an earlier disappointing stint with the Washington Wizards (http://sports.espn.go.com/nba/clubhouse?team=was).

Jordan's hiring of Larry Brown as coach before last season and the November gamble to trade for the enigmatic Stephen Jackson (http://sports.espn.go.com/nba/players/profile?playerId=378) have sparked Charlotte to a 24-23 record through Tuesday's games. That's good for sixth place in the Eastern Conference, putting the Bobcats on course to reach the playoffs for the first time in the club's six-season existence.

The Bobcats and the NFL's Houston Texans (http://sports.espn.go.com/nfl/clubhouse?team=hou) are the only two franchises in North America's four major team sports that have yet to reach the playoffs in their respective sports.

Proudiddy

02-03-2010, 07:12 AM

http://sports.espn.go.com/nba/news/story?id=4882471

wow, I really hope Jordan matches the offer now...

Felton for Prez

02-03-2010, 07:46 AM

Did Bucher really have to start the blurb with "For those who care:"?

If he doesn't want to be condescending, he should start all tweets like that, not just the ones about the Bobcats.

I think Postolos will be fine. The only downside is likely losing LB. I could care less about MJ. I am not concerned about the lack of area ties given what I've read about Postolos. He gets it. BJ and MJ still don't.

ohara831

02-03-2010, 08:37 AM

I like the track record of Postolos. I'd be OK with MJ. The LB part really doesn't bother me. I think next year would be his last anyway. And if he finishes this year and gets us to the Playoffs, I think he will feel he has redeemed himself from his New York fiasco and be ready to retire.

spectre

02-03-2010, 08:52 AM

Now is nice, but future a little shaky for Bobcats' Brown (http://www.nba.com/2010/news/features/scott_howard_cooper/02/02/larry.brown/)

Slam

02-03-2010, 09:09 AM

Did Bucher really have to start the blurb with "For those who care:"?
What a smug arsehole.

Toocool

02-03-2010, 09:31 AM

This is big. Bob (I call Robert Bob, no idea why) has been a terrible owner, and any change would be good. However, I really think Jordan has turned it around in terms of management and that's been showing this season.

If we are going to loose Jordan+LB, we need to ink every single inch out of them for improvement to our guys.

ND22

02-03-2010, 09:34 AM

BobCatsFanInTx

02-03-2010, 09:47 AM

Man I hope this doesn't fall under "be careful what you wish for...".

If MJ is out then I have to think LB wouldn't be far behind. If that happens then I'll consider this bad.Larry Brown has been great for the franchise yes but in some ways Larry's insistence on not adequately utilizing his bench has cost the team. I don't imagine Larry will walk away from the Bobcats until after this season is over. So what happens if Larry happens to leave after THIS season? It has never been a foregone conclusion that Larry was going to be with the Bobcats next season anyway. Can you all honestly say that Larry is irreplaceable? There are plenty of talented younger coaches who have enough of a reputation for winning that I doubt the Bobcats are hamstrung for years as a result of Larry leaving.

Listen Larry has brought a mental toughness and camaraderie to the players of Charlotte that can not be denied but do you all really think nobody in the world of pro basketball can do the same for the Bobcats?

I believe in the short term the Bobcats may hit a SMALL bump in the road but losing the arrogant MJ who has not been the best front office person in the world and who thinks he can still play is not going to make me lose sleep. The man has little to do with the Bobcats or Charlotte publicly and it is doubtful he really cares. Maybe if it serves his ego. His Highness/Lowness needs to have no part in owning a team in ANY pro sport imo.

Jordan despite playing his college ball in NC is not a representative of NC in my opinion. He spent years in Chicago where he won championships, was a face of the city, state and team and will always be a Bull in my opinion. I feel that losing Mr. BET can only be good for the Bobcats. The Rockets were a top four or five seed in the west for years. Postolos has seen winning first hand. I am sure the man wants to make his OWN mark on the franchise and as owner he has that right. I doubt he makes serious changes but if he can avoid signing garbage or average players such as TC for long and expensive overpaid contracts the Bobcats won't have a two or three year window of being fifth or sixth seeds in the East. They will have the ability and intelligence to sign real talent to the big dollars and have a window and future of being 1, 2 or 3 seeds regularly in the East. There are always going to be top tier and up and coming coaches who can keep the Bobcats a competitor in the East. There are also great basketball minds to make great decisions. Captain Jack was one that the Bobcats lucked out with. He was not one of those no doubt can't miss kind of players acquired by the Bobcats.

In the end I relish a future of the Bobcats without the ego that is Michael Jordan.

ebrown

02-03-2010, 10:34 AM

I think if this deal goes down and MJ and LB are gone then all the positives from this season could be washed down the drain because the people will feel like they have been burned twice now.

This is really going to be an interesting situation.

Dcarnys

02-03-2010, 11:05 AM

For the Love of god, please let LB stay.

kickazzz2000

02-03-2010, 11:37 AM

For the Love of god, please let LB stay.

You think they drop the Bobcats name? They are joking (half seriously) about it on the MacAttack on FNZ...

BRNC

02-03-2010, 11:46 AM

It is clear from the ESPN article that Postolos has no intention of retaining MJ or his staff...and earlier articles (from Bonnell and others) indicated this might very well be LBs last year anyway...he misses his family and who could blame him...

The fallout is...either MJ really wants to be a majority owner or not...he matches or we have a new owner (Postolos who I think will be fine) and a new FO and Coach...

I seriously doubt Postolos would do anything to take the team backwards...he was very good and well respected during his tenure with Houston...I'd expect him to continue to build what we have...

If MJ decides to match...I'm not 100% sure (or any 50%) that LB would stay...so there would/could be changes anyway...I'm just taking a :wait and see" but I think either will be a positive...

ALong13

02-03-2010, 12:00 PM

This is tough...I'm glad to see the Bobcats being sold and staying in Charlotte, I love Larry Brown as a coach and I think MJ is a great inspiration for the players on the team when he's near the bench. However Postolos almost tripled the value of the Rockets when he was there, I think he would be a better majority owner and I only see Larry Brown getting this year and possibly next year as coach either way. To me, I think i'd rather have Postolos, it be better if MJ could stay in his current role though...hopefully they'll be willing to spend money...

Weezy21

02-03-2010, 12:42 PM

I don't like that Larry Brown would be very concerned if MJ wasn't there. If Postolos gets it, he better go right up to LB and be like, "Mr. Brown, this team is yours." LB has built this team, don't do anything to potentially lose him!

exactly...plus like many ppl have said...larry isnt the long term answer anyway...yes he has turned us around, but he will b gone after this year or next...so the real question is what would u rather have?

LB for this an next season and MJ forever

or

Postolos for the long haul, who has a GREAT track record???

Felton for Prez

02-03-2010, 01:30 PM

I don't like that Larry Brown would be very concerned if MJ wasn't there. If Postolos gets it, he better go right up to LB and be like, "Mr. Brown, this team is yours." LB has built this team, don't do anything to potentially lose him!

LB is 250 years old and has coached since the Declaration of Independance. If he doesn't want to work here without MJ being here, I think he's earned that right. I am saddened that he feels that way but I completely get it.

SirBobcat

02-03-2010, 01:34 PM

He really liked the penmanship and control that John Hancock had

dav7z

02-03-2010, 01:44 PM

I really think ownership will be decided by the trade deadline. To decide the direction the team takes.

ammofan

02-03-2010, 01:45 PM

See ya Bob!

Unfortunatley.......this means MJ leaves too, which means Larry Brown leaves...... :(

NOT good....unless we can get some free agents and another great coach

Ampsportsduo

02-03-2010, 03:34 PM

You think they drop the Bobcats name? They are joking (half seriously) about it on the MacAttack on FNZ...

Hi.

Postolos seems like a nice guy, but a ton of the credit for increasing the value of the franchise has to go to drafting Yao Ming. Tapping into the Chinese market has been so huge it nearly got T-Mac into the All-Star game in a year in which neither he nor Yao played. To be honest, I don't know if we have enough info to declare him as having a great track record. For all of Bob's failings, he's let the team make personnel moves with the lone restriction being the luxury tax, which I don't fault him for. He changed the Jumper Classic this year, so it's not as if he's trying to impede this team's progress. Bob Johnson in the arena (because that happens a lot) hasn't been a bad owner, it's been everything outside. Postolos seems like a great owner outside the arena, but we really don't know how he'll do with the team on the court. I love watching this team as they're currently constructed and would hate to see anyone come in with the intent of dramatically changing it. I don't think there's a better coach for this team than LB and I hope he gets to finish the job.

teej

02-03-2010, 04:26 PM

Jordan despite playing his college ball in NC is not a representative of NC in my opinion.

I don't know about the rest of the country, but when it comes to the Carolinas, you're wrong, plain and simple.

This Postolos guy seems alright, but TBH, MJ is doing just fine, he's letting Rod run the show, and I think if LB coaches the next two or three years with MJ around, then Hanners takes over, we'd be in great hands.

I'm rooting for MJ to get it, but if Postolos gets it, I will be a fan no matter what.

I just want it done and over with, and Postolos better know enough about the team to keep some people. And if he trades Crash or Jack...ohhhhh boyyy.

BigMike

02-03-2010, 04:42 PM

I'm rooting for MJ to get it, but if Postolos gets it, I will be a fan no matter what.

I just want it done and over with, and Postolos better know enough about the team to keep some people. And if he trades Crash or Jack...ohhhhh boyyy.

I don't often agree with Jeej.... but sometimes he couldn't be more right.

CarolinaBlue704

02-03-2010, 05:27 PM

Jordan despite playing his college ball in NC is not a representative of NC in my opinion. He spent years in Chicago where he won championships, was a face of the city, state and team and will always be a Bull in my opinion.

It doesn't matter what people outside of North Carolina see MJ as.Fact is,Jordan is just as much of a "God" in the state of North Carolina as he is in Chicago.And im pretty sure Jordan views himself as a representative of NC.Hes made that clear over the last 20+ years.

And whoever ends up being the new owner,I just the hope they do a better job of marketing the team.Also,I hope they don't mess up what we have going.

Mustachio

02-03-2010, 05:37 PM

Larry Brown has been great for the franchise yes but in some ways Larry's insistence on not adequately utilizing his bench has cost the team. I don't imagine Larry will walk away from the Bobcats until after this season is over. So what happens if Larry happens to leave after THIS season? It has never been a foregone conclusion that Larry was going to be with the Bobcats next season anyway. Can you all honestly say that Larry is irreplaceable? There are plenty of talented younger coaches who have enough of a reputation for winning that I doubt the Bobcats are hamstrung for years as a result of Larry leaving.

Listen Larry has brought a mental toughness and camaraderie to the players of Charlotte that can not be denied but do you all really think nobody in the world of pro basketball can do the same for the Bobcats?

I believe in the short term the Bobcats may hit a SMALL bump in the road but losing the arrogant MJ who has not been the best front office person in the world and who thinks he can still play is not going to make me lose sleep. The man has little to do with the Bobcats or Charlotte publicly and it is doubtful he really cares. Maybe if it serves his ego. His Highness/Lowness needs to have no part in owning a team in ANY pro sport imo.

Jordan despite playing his college ball in NC is not a representative of NC in my opinion. He spent years in Chicago where he won championships, was a face of the city, state and team and will always be a Bull in my opinion. I feel that losing Mr. BET can only be good for the Bobcats. The Rockets were a top four or five seed in the west for years. Postolos has seen winning first hand. I am sure the man wants to make his OWN mark on the franchise and as owner he has that right. I doubt he makes serious changes but if he can avoid signing garbage or average players such as TC for long and expensive overpaid contracts the Bobcats won't have a two or three year window of being fifth or sixth seeds in the East. They will have the ability and intelligence to sign real talent to the big dollars and have a window and future of being 1, 2 or 3 seeds regularly in the East. There are always going to be top tier and up and coming coaches who can keep the Bobcats a competitor in the East. There are also great basketball minds to make great decisions. Captain Jack was one that the Bobcats lucked out with. He was not one of those no doubt can't miss kind of players acquired by the Bobcats.

In the end I relish a future of the Bobcats without the ego that is Michael Jordan.

whoa, that is some Cleveland Cav's style - Jordan Hate right there. i disagree with most everything there. He went to high school in wilmington and won a championship at UNC. he is North Carolina. I dont care that he drafted Eddie Curry 12 years ago....almost the entire NBA would have done the same thing. His "gm failures" are highly overrated. If he has an ego, you will have to forgive him, thats what happens when you have more rings than fingers to wear them.

That said. me, you and everyone else here will hardly tell the difference if Postolos buys the team or Jordan does. No one buys the team, with the intention of running it into the ground. Jordan is having success right now with his team of guys, and Postolos has a decent track record as well. We will be ok either way.

Scottley Crue

02-03-2010, 07:32 PM

That said. me, you and everyone else here will hardly tell the difference if Postolos buys the team or Jordan does. No one buys the team, with the intention of running it into the ground. Jordan is having success right now with his team of guys, and Postolos has a decent track record as well. We will be ok either way.

I completely agree with this. Perhaps it'd be better long-tern if Postolos got it, but i believe it'll be fine either way. As long as Jordan makes his presence known since he would be the majority owner, he'll be fine. Because we all know that if he does get the team and doesn't show up to enough games, the local media will come up with a "Jordantracker" to count how many times he shows up in the building.

spectre

02-04-2010, 09:20 AM

http://sports.yahoo.com/nba/news?slug=aw-netslosing020310&prov=yhoo&type=lgns

The ownership bid of George Postolos in Charlotte promises a massive overhaul of the organization, and league sources expect that should the former Houston Rockets (http://sports.yahoo.com/nba/teams/hou/;_ylt=AlXUEmIimwog_v.WFHQ5PW3TjdIF) president take over the franchise two of his top candidates for general manager will be San Antonio Spurs (http://sports.yahoo.com/nba/teams/sas/;_ylt=At8AZGpWLdCwfOXvh.AtPk3TjdIF) assistant GM Dennis Lindsey and Rockets assistant GM Sam Hinkie.

Should Postolos take over, several league executives wonder whether Bobcats coach Larry Brown would use the ownership change as a way to free himself for a possible return to the Philadelphia 76ers. No one is sure about the fates of Sixers GM Ed Stefanski and coach Eddie Jordan should the team continue to struggle, but Brown has kept a good relationship with owner Ed Snider and his family is still living in Philly during the season.
Could someone list the points of why Postolos is considered a "good" owner/manager when he was with the Rockets?

Drafting the Yao giant 1st overall seems more of a no brainer to me vs. being an ingenious move.

GoBobs

02-04-2010, 11:53 AM

It seems to me the rockets best moves don't include Yao or T-mac. They have a stud roster made up of second round picks. Brooks, Landry, Louis S, Shane B just to name a few. If we get that kind of scouting out of the deal it would be a win.

ebrown

02-04-2010, 11:54 AM

The last thing this team needs right now is some new owner to come in and scrap everything. I mean we are at a point where we are clearly in the playoff hunt and doing good things and making a name for ourselves around the league and if they come in and scrap it all just to do it his way seems a little counter productive and could set back the city of charlotte even longer on the idea of warming up to their hometown team.

I just get a feeling that if Postolos gets this we will be having flashbacks from several years ago.

spectre

02-04-2010, 01:05 PM

http://www.hoopsworld.com/Story.asp?story_id=15167

It's believed that Postolos' newest offer is in excess of $350 million, which triggered a 30-day matching clause in Jordan's agreement with Johnson which in essence puts Jordan on the clock to match the deal. It's believed Jordan has until the end of February to produce a matching offer or Johnson will proceed with the sale to Postolos and his investment group. Jesus Christ...350 million? Later on in the article they say Forbes has the whole franchise valued at 278 million. Considering Johnson doesn't own 100% that's pretty outrageous.

BRNC

02-04-2010, 01:11 PM

http://www.hoopsworld.com/Story.asp?story_id=15167

Jesus Christ...350 million? Later on in the article they say Forbes has the whole franchise valued at 278 million. Considering Johnson doesn't own 100% that's pretty outrageous.

specter...if this report is true then outrageous would be an understatement...this is really hard to believe...

The reason I say that is the Nets sale...this number makes no sense...has to be an error...

BETCATS

02-04-2010, 04:38 PM

The only thing that worries me about this sale is something fans of any and every NBA team that gets sold has to worry about: the Seattle factor.

The only way anyone is going to pay huge amounts of money on a franchise is if they have a plan that will make even more valuble than what they bought it for. This could mean that we are just going to go through a period where the new owner is going to try and establish himself in the identiy of the team. Im not opposed to that but i also dont really like hands on owners.

Here is where i start seeming parinoid, i think the best way to get rich quick is to bring basketball back to Seattle. Their would be huge amounts of hype, the media would side with it, and ticket/merchandise/advirtising sales would be off the charts. Their is no foundation to any claim that our new owner would do this, but their is really no knowledge at all about this guy.

Sure we can that we are becoming a bigger market; but only because we are winning. This guy wants to clean shop and start with his own bunch, and their is no guarntee we can keep winning if he does that.

teej

02-04-2010, 04:45 PM

BETCATS, it'd cost more than the $350 mil to move the team, because Charlotte got a clause in the lease deal. Not worried there.

What I am worried about is this apparent fucknut Postolos. The more I read, the more I worry. All the Rockets true genius moves were made by Daryl Morey, not Postolos. And if he kicks out MJ, he isn't going to have much support anywhere. And I doubt any of these stat geeks are going to like GW or Jack. Which means (ironically) Houston, we gotta big ass problem.

BRNC

02-04-2010, 04:53 PM

teej

02-04-2010, 04:59 PM

teej...I read the link spectre posted but I've gotta say I find that number (350) hard to believe...not just that I don't want to believe it...I find it hard to believe anyone would over-pay (particularly in this economy) that much for a team losing money...

From Adande's piece in the Daily Dime.

an NBA source said Jordan is not inclined to make a bid for the franchise that matches the number which owner Bob Johnson has in mind. It is believed that a group led by Houston investor George Postolos, the former president of the Rockets, has made a higher offer. One source familiar with the negotiations read Johnson's backing away from the sale to Postolos last summer and the continued extension of the process as a desire to give Jordan another opportunity to put together a stronger offer. But with league owners already skittish about the possible decrease of franchise values due to the perceived low-price sale of the New Jersey Nets (http://sports.espn.go.com/nba/clubhouse?team=njn) (by Bruce Ratner to Russian billionaire Mikhail Prokhorov), there will be pressure on Johnson to go for the higher bid and not let his relationship with Jordan outweigh the prospect of more cash.
The Bobcats are finally gaining traction in Charlotte after stumbling out of the gate with a bad television deal and a failure by Johnson to connect with the city's major financial players. The team now has 22 sponsors, plus relationships with banking giants Bank of America and Wachovia, which are headquartered in Charlotte. More importantly, their games are now broadcast on a network that's in 1 million more households than their previous carrier.
Pair that with their recent success on the court, and the Bobcats -- much like Wallace this season -- are looking better than ever. It's a good time to sell for Johnson, whose desire to shed the money-losing team has been well-known in NBA circles. But would the new ownership want to keep Jordan? Would he want to stay on with an unfamiliar boss if they did? And how would Brown react to the changes?
A source expects the final decision to come by March. Whatever the final sales price for the Bobcats turns out to be, the purchase isn't the same if it doesn't include assurances from Brown.

BRNC

02-04-2010, 05:15 PM

teej...I read that...but this team is "bleeding" money...I don't blame BJ for wanting to sell...but $350...hard for me to believe..(and again that is just me)...if he (Postolos) is paying that much for the 'Cats I am worried...:facepalm:

teej

02-04-2010, 05:17 PM

At least if he's paying that much the lux tax isn't a problem :p

SWedd523

02-04-2010, 05:37 PM

I don't understand why people STILL get paranoid about the team possibly moving to a different city. :facepalm:

teej

02-04-2010, 05:39 PM

I don't understand why people STILL get paranoid about the team possibly moving to a different city. :facepalm:

Because of Shinn...

Doesn't explain the ingnorance, though.

SWedd523

02-04-2010, 05:42 PM

Because of Shinn...

Doesn't explain the ingnorance, though.

The fact that Shinn left and that we got another franchise should be one of the things keeping people FROM thinking it. They brought a franchise back to Charlotte that fast. Part of the deal was the buyout stipulation.

We.
Are.
Not.
Going.
Anywhere.

teej

02-04-2010, 05:45 PM

I have an idea...any post that claims we're moving gets "edited" with a dunce hat picture?

SWedd523

02-04-2010, 05:47 PM

Beautiful.

teej

02-04-2010, 05:49 PM

This one work?

http://jettset.net/funnypics/dunce.jpg

SWedd523

02-04-2010, 06:00 PM

yes, yes it does.

TheBeagle

02-04-2010, 07:19 PM

Hi.

Postolos seems like a nice guy, but a ton of the credit for increasing the value of the franchise has to go to drafting Yao Ming. Tapping into the Chinese market has been so huge it nearly got T-Mac into the All-Star game in a year in which neither he nor Yao played. To be honest, I don't know if we have enough info to declare him as having a great track record. For all of Bob's failings, he's let the team make personnel moves with the lone restriction being the luxury tax, which I don't fault him for. He changed the Jumper Classic this year, so it's not as if he's trying to impede this team's progress. Bob Johnson in the arena (because that happens a lot) hasn't been a bad owner, it's been everything outside. Postolos seems like a great owner outside the arena, but we really don't know how he'll do with the team on the court. I love watching this team as they're currently constructed and would hate to see anyone come in with the intent of dramatically changing it. I don't think there's a better coach for this team than LB and I hope he gets to finish the job. Your thoughts on Bob fall in line with mine. I mean really, how can anyone complain with what he's done on the court, especially since MJ's been on board? It's the "outside" stuff that has stunted its growth, which is cause for legitimate consternation. I know jack shit about Postolos, other than he has deep pockets. However, Bob has depth as well, and hasn't been what I'd call frugal by any means. Now maybe Postolos will have no fear when it comes to the luxury tax, or maybe he'll turn out to be the Scrooge some misguided fans think Bob is. There's just no telling.

Also, losing Larry wouldn't be good, but I have to wonder how long he would be committed to the franchise anyhow. To be honest, I'm of that opinion that a playoff berth is what he's after, so that he can leave and have proof that he left a franchise in better shape than it was when he got there. If that doesn't happen this year, then if status quo were as is, he would finish the final year of his contract and that would be the end, win or lose. Regardless of his love for "Michael", I think he has too much of the nomad in him to stay here longer than three years.

What I can say with certainty is that until any of this becomes finalized, this is on the far reaches of my radar. In the here and now we have a team fighting for a playoff berth, playing (for the most part) some of the most exciting ball Charlotte's ever seen and that's more than good enough for me, come what may.

But yeah, for whomever the owner may be, if Gerald and Jack aren't a part of the franchise going forward, I'll have the torches and pitchforks at the ready.

BRNC

02-04-2010, 09:29 PM

I guess those of us not in/living around Charlotte were less (negatively) effected by the things BJ did/did not do with community building...I like hands off owners so he's never really bothered me...as I've said before...making Bernie Coach/Gm was a pretty dense thing to do but other than that...

teej

02-04-2010, 10:44 PM

From the Houston Chronicle, thought this was interesting.

“Everybody has an entrepreneurial spirit,” Rockets owner Leslie Alexander said in 2006 when Postolos left the team. “I know I did. And he’s done fantastic things for the Rockets. We have one of the best TV deals in the NBA. He led us through the turbulent times with the arena referendums. I think he wants to make his mark with his own company.”

More here: http://www.chron.com/disp/story.mpl/sports/6501046.html

People in Houston love him, so he can't be all bad. And Stern likes him, too.

He's also just 45. That's pretty young for an owner, even younger than MJ if he took over.

docend24

02-05-2010, 04:40 AM

I am for Postolos and hopefully keeping Larry as long as possible. For me it looks like:
- Charlotte people didn't forget Shinn and didn't get over themselves to go to the games
- yet the organization marketing focuses almost only on Charlotte area itself instead of the whole state, even South Carolina

and they got a problem this way. Not being able to broadcast their games is another huge setback.

I don't see how Postolos' guys could do worse if he is investing scuh a sum of money already.

Keetch

02-06-2010, 10:13 AM

I imagine about everyone at TWC Arena is hoping MJ pulls this out as virtually everyone's job will be on the line; top to bottom. So its pretty impossible to wish for Postolos to buy the team while the current Owners run the show. It's a bit cruel?

Another factor to consider is that if the official news of a sale to Postolos happens in early March; what happens going forward with this season? I have no doubt that Larry Brown, his staff and the players are professional enough to finish the season out well; but any larger forward-thinking will be over. Lame duck playoff run.

For the fans, the future will be shifted to anticipation of news coming out of the new Ownership group, and their plans for the team. All of that may be reasonably exciting of itself; but meanwhile the current team will be playing games. It'll be a bit odd.

So whatever you think of MJ, good or bad. He brings a Carolina continuity towards the future. I've got mixed emotions on that, but out of respect to the current Bobcats, just can't think about it.

ohara831

02-06-2010, 03:14 PM

Keetch, I really dont think that any fans will really be too concerned with the ownership issue and how it affects the organization until this season and the Playoffs are over. I mean, if March comes around and the sale to Postolos is announced, is that going to dampen your spirits about the current players and how well they are playing and about them making the Playoffs for the 1st time? I dont think so. The sale and all its concerns will not be too much of a talking point until the season ends. Then, with no draft picks this Draft, we will have nothing to discuss except the sale, who will be the Coach and GM, and will we resign Felton and for how much. But for now and the rest of the season, it is mostly about this team winning and bringing a bunch of optimism to the BCP boards.

Keetch

02-06-2010, 04:45 PM

O'hara I agree to some extent. Most fans will follow the team no matter what. If anything a sale to Postolos may increase attendance for all I know. I'll still be just as excited (or even moreso) about wins and losses as before, and be just as exasperated with Boris.

It's not like the team is leaving town.

But within the team; it'll have to be very difficult. If Postolos buys, then likely everyone on staff moves out at the end of the year. They'll start leaving before that as opportunities pop up.

The Postolos camp is inferring a complete overhaul. As a fan, that in itself will make for a crazy-interesting summer.

Even if the team makes the playoffs and plays respectably; everything achieved will become history archived as the team rebrands itself under new ownership. I wouldn't be the least surprised if they even changed the team name.

If MJ buys; of course none of that happens.

So as a fan, a changeover sounds very exciting as the new owners appear very, very capable. But another part of me has too much respect for the current group to wish for that to actually happen.

ohara831

02-06-2010, 06:26 PM

I understand what you are saying Keetch. Honestly, I dont have a major preference as to which group gains control. The team is staying put so we will have the team here to cheer for and follow. I just want stability.

BobCatsFanInTx

02-07-2010, 12:46 PM

I don't know about the rest of the country, but when it comes to the Carolinas, you're wrong, plain and simple.

This Postolos guy seems alright, but TBH, MJ is doing just fine, he's letting Rod run the show, and I think if LB coaches the next two or three years with MJ around, then Hanners takes over, we'd be in great hands.

I'm rooting for MJ to get it, but if Postolos gets it, I will be a fan no matter what.

I just want it done and over with, and Postolos better know enough about the team to keep some people. And if he trades Crash or Jack...ohhhhh boyyy.Just how out in the open has MJ been since he has been with the Bobcats organization? Is he using his fame and success as a player to draw attention to the team? If MJ is so beloved in NC why are the fans not turning out in big numbers to see the Bobcats play? MJ is all about MJ and could care less about you or anyone in NC. His arrogance during the HOF induction was disgusting. Yes he was a great player but those days have long since passed. MJ and his so called excellence also got the benefit of referee favoritism.

Don't get me wrong but I just don't see MJ as carving a claim to fame as an owner of the Bobcats. MJ would be a meddlesome owner like other well known ego's who own sports franchises. Other than George Steinbrenner those kind of owners don't do well. Well maybe in the case of Jerry Jones with the Cowboys in the early to mid 90's it worked but guys who put their ego's above team don't do well in most instances.

Postolos MAY be that kind of owner. I guarantee that MJ WILL be that kind owner.

dnbman

02-07-2010, 12:51 PM

Just curious, how many major league players have gone on to own a franchise in that same league? Gretzky is the only I can think of. (He's a part owner in Phoenix, right?)

We know that Jordan knows basketball and Jordan knows business. I think he's taken some lumps with his speech and former GM moves. Hopefully, he's learned from them.

I think when it's his team, he'll be more involved.

I agree with Keetch that a new ownership group would be a big distraction behind the scenes for a team that needs to be focused on the playoffs. I don't mind at all that Bob is out and someone new is in. I just hope it doesn't adversely affect us on the court.

BRNC

02-07-2010, 01:08 PM

dnbman

02-07-2010, 01:14 PM

My guess is the impending sale has more effect on the staff (coaches and FO) rather than the players...I think the players desperately want the play-off and the (coaches and FO) may be thinking about their jobs...

But if the coaches and FO are thinking about their jobs instead of taking care of the players, won't that affect the players? I think that's Keetch's point.

BRNC

02-07-2010, 01:21 PM

dnb...I agree with what keetch said...just that the impact on the players (from the sale) is not the sale itself...the way things look to me the FO must know MJ will not match...and that seems to be having an impact on the coaches and FO...which of course will impact the players...

My point...the players seem to be focused on the task at hand...I just wish the coaches and FO would do the same...

SCBobcat

02-07-2010, 01:43 PM

[QUOTE=dnbman;153657]Just curious, how many major league players have gone on to own a franchise in that same league? Gretzky is the only I can think of. (He's a part owner in Phoenix, right?) QUOTE]

Jerry Richardson, who owns the Panthers, was a wide receiver for the Colts. The legend goes that he invested his playoff bonus paychecks into eventually owning Hardees and then eventually having enought dough to purchase a team.

dav7z

02-07-2010, 01:45 PM

Im seeing this sale coming down at the worst posable time . Its got to affect management , coaches , deadline trades for a playoff push , and the players . Im worried this takes us out of the playoff race. Most if not all peoples jobs reflect on security. In this case right now no one knows whats going to happen. This has to put extra pressure on the team. The game last night was a sellout . Bob is selling about six months to soon . Things finaly heading in the right direction.

SWedd523

02-07-2010, 01:57 PM

MJ's HOF Speech was spectacular.

That is all, carry on.

teej

02-07-2010, 02:39 PM

Mario Lemieux is the owner of the Penguins, and they just won the Stanley Cup. Jerry Richardson's Panthers are at least competitive if not contenders just about every season. I'd say MJ knows what he's doing here. And tex, in NC, no one cares about any of that. Maybe we turn a blind eye, but he IS NC basketball.

And my question is, if Postolos buys the team, what happens to MJ's 25% ownership?

SWedd523

02-07-2010, 02:44 PM

teej

02-07-2010, 02:59 PM

Postolos' $350mil bid (if that's the real number) would be just for Bob's total shares, not everybody else. Unless they are part of the deal too, which I doubt as I don't see why MJ would agree to sell (same for some other guys).

I know THAT. What I'm saying is, Postolos obviosuly doesn't want MJ around. That's going to make for some akward relations, so what does MJ do with that 25% he owns.

SWedd523

02-07-2010, 03:18 PM

I know THAT. What I'm saying is, Postolos obviosuly doesn't want MJ around. That's going to make for some akward relations, so what does MJ do with that 25% he owns.

Keep it :g:

BRNC

02-08-2010, 09:12 AM

I'd keep it and hope the guy threw that kinda money at me for my share...(and I'm speaking %=same value)...:biggrin:

dav7z

02-14-2010, 01:11 PM

Stern seems to Want MJ to buy the Bobcats . That should carry some weight.
I have seen Bob and MJ toghter a couple times in the last two weeks .I have a feeling its about to become MJs team.

http://www.realgm.com/src_wiretap_archives/64693/20100214/stern_bobcats_to_be_sold_within_60_days/#

Weezy21

02-14-2010, 01:18 PM

I have a feeling its about to become MJs team.

noooooooooooooooooooooooooo

teej

02-14-2010, 01:37 PM

Stern has also said he wanted Postolos to own a team.

He can't legally comment on non-owners until they have an accepted offer (end of February) which is why he was talking about MJ. Also, I'm sure his quotes were partially taken out of context.

BUT

I would love MJ to own the team.

BobCatsFanInTx

02-18-2010, 01:56 AM

MJ's HOF Speech was spectacular.

That is all, carry on.Somehow that does not surprise me you said that considering your avatar. I bet Jordan could have said things like I could be the best player in the NBA still today and I am a God and you would have thought that was a great speech. In a round about way that is what he did. The guy was great and his ego made him so but as an owner ego has to be put to the side. I don't think Jordan can avoid wanting all the credit if he owns the Bobcats. He will want their success to be all about him. Because of his highnesses arrogance the Bobcats would be doomed in my opinion.

SWedd523

02-18-2010, 02:09 AM

Good thing his HOF speech was about him as a player and not an executive. If you actually read into what he was saying, the point was that he because great by proving everybody wrong that said he wasn't anything special.

He took the negativity and made himself great. He was the ultimate warrior and the best player to ever step foot on the court. (And no, Kobe isn't even close)

The people who didn't like him were his haters, which I'm sure he had plenty of with you know, being the greatest ever.

teej

02-18-2010, 09:44 AM

^And he's starting to do the same thing as an exec.

BRNC

02-20-2010, 12:48 PM

Scottley Crue

02-20-2010, 01:05 PM

I'm not sure that this has been linked but I found the last paragraph bothersome...I wonder if Bonnell actually has a "source" to support what he says...

http://blogs.charlotte.com/inside_the_nba/2010/02/wow-31-over-the-cavs.html
I saw that too. I took it as an impression/guess Bonnell had rather than something rock solid from a source. Of course, earlier in the week, he had identifiable sources saying Jordan was working towards buying it.

ohara831

02-20-2010, 01:48 PM

dnbman

02-20-2010, 02:02 PM

From just a business point of view, it would be very stupid for him to say this without any insight at all. If he says this and MJ gets the Cats, then no one in the FO will speak with him at all to give him any insight on matters again. It will hurt his ability to do his job effectively. Heck, they would likely feed him false info just so he sounded ignorant of the facts. I would have to guess that he has been told something which gives him this insight into thinking Postolos will get the team.

But then again, we all know Bonnell has been way wrong in the past. It could just be that he said something very stupid. Time will tell.

I took it as speculation. There's not a lot in there that's very specific. Putting together a team of buyers ready to commit to buying a struggling (financially) NBA franchise can't be either, especially if you want to call the shots and you just want everybody else paying for it. I could have written that last paragraph, save for Higgins having a remote thought about me.

I'm not reading too much into it. Besides, the organization can't afford to freeze out one of their biggest public voices. Like blocking/charging calls, reporting on events can go either way very easily. Bonnell could make life pretty miserable for them if he wanted.

BRNC

02-20-2010, 05:14 PM

I hope it is just speculation on his (Bonnell) part...I mean what the heck...all we do on the board is speculate...but my feeling remains that if MJ wants it he'll get it...too many money folk want to be a part of brand "Jordon"...but I could be wrong...

bozzy

02-20-2010, 08:24 PM

If he says this and MJ gets the Cats, then no one in the FO will speak with him at all to give him any insight on matters again.

Why? I don't see how it would upset the current management (who would likely stay around). He wasn't trashing MJ or his team.

ohara831

02-20-2010, 11:13 PM

Why? I don't see how it would upset the current management (who would likely stay around). He wasn't trashing MJ or his team.

Well, when MJ makes it known he is really trying to buy the team, and then Bonnell says he does not think he will get them, that is just the kind of thing a competitor like MJ will use for motivation, and the man is known to hold a grudge.

teej

02-20-2010, 11:31 PM

and the man is known to hold a grudge.

See: Hall of Fame Induction Speech 2009: Jordan, Michael Jeffrey

BRNC

02-21-2010, 02:52 PM

I just posted this link in another thread...more speculation that MJ will not buy the team...if you're interested it is the last paragraph on page 2...

http://www.nydailynews.com/sports/basketball/2010/02/20/2010-02-20_cross_nets_clips__heat_off_lebrons_list.html?pa ge%20=1

spectre

02-23-2010, 09:19 AM

From Bonnell's blog:

D.J. Augustin is1-of-14 in his last two games. The best reason he's still a Bobcat is management's fear Raymond Felton could sign elsewhere this summer. D.J. is a great kid -- classy, respectful, diligent. But I'm not sure he'll ever be a starter who invokes confidence at the NBA level. Something went way south between last season and this one.
Don't assume the Bobcats would sign a guard, should a Larry Hughes or Mike James gets bought out in the next few days. I'm not saying that can't happen, but I'm confident there's a count-your-pennies approach right now. I sure hope that doesn't cost them a playoff spot.One last parting shot at the guy who screwed us out of the playoffs last year and by his "timely" selling looks to screw us over again:

http://www.youtube.com/watch?v=b1tXS-NqT9I

ohara831

02-25-2010, 12:00 PM

http://www.charlotteobserver.com/2010/02/25/1270592/sale-of-bobcats-close.html

Reading the tea leaves gives me the impression MJ is not getting the team. It wont be a travesty is Postolos gets the team. Very solid track record. But I know many want MJ for sentimental reasons and also with his ties to NC he will be less likely to move them years from now. But I think Postolos can make this team profitable. His background with San Antonio and with Houston indicates he is very smart.

BRNC

02-25-2010, 12:01 PM

This (sale) really needs to be resolved...very quickly...new story today...

http://www.charlotteobserver.com/2010/02/25/1270592/sale-of-bobcats-close.html

Muttley

02-25-2010, 01:01 PM

I don't so much want MJ for sentimental reasons as I want him for this particular season and the next. I think Postolos would probably even be the better owner long-term. However, I think he'll have a clearly negative effect on Larry Brown, and subsequently the team for this season and the next. In addition, we'll probably make some big-time roster changes that we won't all like at first, but will help the franchise get right financially so that it can be a player at some point in the future. Maybe this process would be quicker than I think... I don't know. I would hope he wouldn't move Gerald as he means so much to the fans and also is on a VERY valuable contract for his abilities.

For those that know, what kind of moves/changes did he do in Houston, etc. that worked out so well for the team? I ask not because I don't believe he had positive effects on those franchises, but that I just don't know enough about him.

BRNC

02-25-2010, 01:15 PM

From a business stand-point...he reached out to the businesses there and had solid-corporate relationships...something BJ did in the opposite direction...

From a team stand-point...he moved a few "undesirable" contracts...most of his best work was with the draft (IMO)...my fear is we only have two solid players that bring us back a combo of talent/draft picks....(Crash and Jax)...so if he wants to rebuild the team I doubt either of these guys survive...and with the cap being cut I'm not sure he can move Gana or "Doris"...so I expect a rebuild would take 3-4 years...I just hope I'm wrong...but what I see right now...and with two first rounders gone (I think) getting first rounders back in-house will be high on his agenda...

ohara831

02-25-2010, 01:15 PM

Muttley, Postolos is the one who in the last decade turned Houston profitable. And he has close ties with the San Antonio Spurs. These are 2 of the best run teams and they have great talent evaluators. I also read in the last couple weeks where Postolos had someone in mind to bring with him from both Houston and San Antonio. In the business world, smart people surround themselves with smart people. That is why I have a good feeling about Postolos. But dont get me wrong. I wont cry if MJ got the Cats.

CatNation

02-25-2010, 01:30 PM

This whole thing about Rocket team value doesn't mean a lot to me. Wasn't that just due to drafting Yao Ming? Any team that picked up Yao would skyrocket at that time. Hell, if we had Yao, Wallace AND Jax woulda been all stars with Raymond and Boris prolly bein the top 5 for their position.

spectre

02-25-2010, 01:59 PM

teej

02-25-2010, 02:04 PM

Agreed.

What has he done that doesn't relate to Yao?

Maybe the Toyota Center. :rolleyes:

Really, I think he's a decent guy, but with the impending lockout, I don't think building for the future matters, we should go for it, and I don't trust him to do that.

CatNation

02-25-2010, 02:12 PM

Maybe the Toyota Center. :rolleyes:

Really, I think he's a decent guy, but with the impending lockout, I don't think building for the future matters, we should go for it, and I don't trust him to do that.

I'd argue that Toyota probably saw the Rockets arena as a much better investment due to the skyrocketing Chinese support for the team. I doubt we have any advertisers lining up right now.

BRNC

02-25-2010, 02:27 PM

I'd argue that Toyota probably saw the Rockets arena as a much better investment due to the skyrocketing Chinese support for the team. I doubt we have any advertisers lining up right now.

We may have a "few" come in just because they disliked BJ so much...but the economy is not great so I doubt much changes with businesses pitching in...no matter who owns the team...

The thing is...with an impending strike/lockout I see no way (with a new ownership group) the teams gets "better" in less than 3-4 years...I feel like we'll be starting from scratch...and at this point (our inability to save ourselves from mediocre-to-one-sided-trades) I'm not sure starting over would be a bad thing...

teej

02-25-2010, 02:36 PM

I'd argue that Toyota probably saw the Rockets arena as a much better investment due to the skyrocketing Chinese support for the team.

I was being sarcastic, saying that everyone makes that his crowning acheivement, except Toyota is only there because of Yao.

I feel like we'll be starting from scratch...and at this point (our inability to save ourselves from mediocre-to-one-sided-trades) I'm not sure starting over would be a bad thing...

Ok. We have 1 draft pick in the next three years most likely. We have Gana, Jack, Crash, and Diaw here for 3+ years, and only Crash is really moveable. We have one solid prospect (UPS) and a win now coach. No disrespect, but I don't see how starting over helps at all, since we can't get rid of the trash contracts without trading assets.

BRNC

02-25-2010, 02:40 PM

...and that is my point if we do change ownership...I suspect Crash and Jax will be traded (along with the bad contracts) for picks and whatever talent they can get back...not saying I want this to happen...but likely if MJ does not buy...remember...just IMO right now...none of us really knows what Postolos will do...I'm just trying to forecast from what he's done and where (SA and Houston) he comes from...

spectre

02-25-2010, 02:44 PM

I was being sarcastic, saying that everyone makes that his crowning acheivement, except Toyota is only there because of Yao.

Damn you! I was researching the heck out of the Toyota Center trying to find where Postolos came riding in on that white stallion to save the day...came back to ask you to elaborate and then...you were being sarcastic? :paddle:

Heh!

Question...is Postolos' group a firm that buys things like sports franchises, tries to turn them around and then sell for a profit?

teej

02-25-2010, 02:45 PM

http://probasketballtalk.nbcsports.com/2010/02/bobcats-sale-almost-complete.php

Link is probably right, if MJ doesn't have the money yet, he isn't going to.

If Postolos trades Crash, I may stop being a fan. I can deal with blowing the team up, trading Jack, changing the name, getting rid of LB, all of that. There's business sense in all of it. But not in trading Crash.

teej

02-25-2010, 02:46 PM

Damn you! I was researching the heck out of the Toyota Center trying to find where Postolos came riding in on that white stallion to save the day...came back to ask you to elaborate and then...you were being sarcastic?

Well, I was only sarcastic about him doing it without Yao. He was the guy who did the negotiations with the city of Houston, the Toyota execs, and the NBA. He ran the whole project.

spectre

02-25-2010, 02:49 PM

he helped negotiate the deal that brought Yao Ming out of China to the Rockets, he helped secure Toyota as the naming rights sponsor of the new arena in Houston. He knows how a team should be run.

Big freaking deal on negotiating Yao out of China. Milwaukee punked the hell out of the Chinese on Yi. They want them to play in the NBA.

Toyota Center...he got them to buy the naming rights.

Not as slick as Top Bob. He slyly sells the TV rights to TWC, gives them all this money to start his own network just to watch it fail and THEN like a thief in the night got them to trade that for putting their name on the building.

BRNC

02-25-2010, 02:51 PM

spectre...kinda tells you why we're so "slick" on trades...:facepalm:

jiff65

02-25-2010, 02:55 PM

I paid for some very expensive season tickets through some very dismal years mainly because of Gerald. I'm loyal to the team, but I paid money to see him do what he does. I admire him and identify with him. Hard work + talent + applying yourself = Success. He keeps the team from seeming "generic" if you will.

For this reason (making sure Gerald stays put), plus the value of the team's apparent momentum, I was rooting for Jordan. But as I've seen it written elsewhere, Jordan appears sometimes to be "all hat and no cattle."

teej

02-25-2010, 05:08 PM

After digging a little today, I've found some more info on what Postolos does.

He was an associate for Wachtell, Lipton, Rosen and Katz, the most profitable per-partner law firm in the world. They've represented companies such as AT&T, Kraft, and JP Morgan Chase in their mergers.

From Terry Porter's (NBA player/coach) wikipedia:

In 2006, Porter led an investor group attempting to purchase the then-troubled Portland Trail Blazers from owner Paul Allen. Porter teamed with Rob Kremer, a local talk-show personality and former investment banker, and Todd Stucky, a local businessman and longtime Porter friend, to raise the necessary capital to buy the team. Porter's buyout team was joined by George Postolos, who had recently resigned as CEO of the Houston Rockets, and who brought with him a lead investor to round out the Porter investor team package.

He does something with Management Leadership for Tomorrow, a group dedicated to helping minorites become leaders in large corporations. Also a part of that group are John Legend, Kevin Garnett, and many CEOs.

http://en.wikipedia.org/wiki/Toyota_Center_(Houston)#History gives some history of what he did to get the Toyota Center built. While he isn't named, we know he was the guy who got stuff done, it shows how much he dealt with and kudos to him. Charlotte shouldn't be much of an issue :rolleyes:

Also, one worry.

In the span of 14 months, Major League Baseball's two franchises in Texas moved to the brink of being sold. Local businessman Jim Crane, with the help of former Rockets president George Postolos, was involved in both potential sales.

This Crane guy almost bought the Astros but backed out after he'd already agreed. And he was working with Postolos. Kinda shady. Beagle, you know anything more on that?

Muttley

02-25-2010, 05:12 PM

Thanks for the info guys!

Seems to me that Postolos would do a longer term rebuild, and I just don't think I can see that happen. How many rebuilds is it gonna take? This team hasn't ever let one group of solid players try to gel for too long.

Teej, you brought up the encroaching lock-out. I agree that that would have a devastating effect on another rebuilding team in Charlotte.

I want MJ to be the owner for the continuity he provides, and really for no other reason. Postolos seems smart and savvy and could possibly make this franchise great, but I gotta ask myself, "Self, how much of you thinking he seems smart has to do with the fact that he wears glasses?" Probably most of it.

teej

02-25-2010, 05:19 PM

"Self, how much of you thinking he seems smart has to do with the fact that he wears glasses?" Probably most of it.

http://www.sportsbusinessdaily.com/content/Image/06-29-2009/George-Postolos.jpg

He looks less geeky there.

And yeah, if he thinks he can do a long term rebuild, he's in for a surprise.

Oh, am I out of my mind, or would a "Bill Simmons for GM" campaign actually work here. Seeing how Postolos likes the Morey type, Morey and Simmons see eye to eye on players, and Simmons likes this team. We might get on ESPN, too.

Proudiddy

02-25-2010, 05:29 PM

Man, I'm really hoping MJ can get it together. I'm worried that once Postolos has turned a profit then years down the road the franchise is going to be unstable and possibly moved b/c there isn't anyone that has ties to the area, they could care less. I'm not a small-town, or homestate homer kind of guy, but this is my homestate and I don't want to see my teams leave.

The Hornets was hard enough and I think the Bobcats still suffer b/c of it...

jiff65

02-25-2010, 10:17 PM

http://espn.go.com/blog/truehoop/post/_/id/13788/the-bobcats-close-in-on-a-new-owner

BRNC

02-25-2010, 10:26 PM

nice find jiff...+1

Proudiddy

02-25-2010, 10:30 PM

http://espn.go.com/blog/truehoop/post/_/id/13788/the-bobcats-close-in-on-a-new-owner

Thank you jiff, great find. I keep checking every couple hours to see if anything has popped up.

Now that I'm done reading this article, I need to go clean my pants up. I really hope they're right and Jordan gets it. He'll get enough business savvy guys in there around him (including himself) and use his brand and I think can do just as much if not more than Postolos would on the business side.

teej

02-25-2010, 10:54 PM

http://espn.go.com/blog/truehoop/post/_/id/13788/the-bobcats-close-in-on-a-new-owner

Kudos on the great find, +1.

I'm just more confused than I ever was. Henry is one of the better writers over there, and Bonnell's a dumbass. But Bonnell is closer to this than Abbot. Ughhhhh.

Just tell me already, and for the love of God let Gerald be part of the long term plan.

Muttley

02-25-2010, 11:02 PM

Kudos on the great find, +1.

I'm just more confused than I ever was. Henry is one of the better writers over there, and Bonnell's a dumbass. But Bonnell is closer to this than Abbot. Ughhhhh.

Just tell me already, and for the love of God let Gerald be part of the long term plan.
I'm with you man. Just get it done already. This limbo is not good for the current state of the team.

And keep Gerald.

GoBobs

02-25-2010, 11:24 PM

I think speculation about trading Gerald is overblown. That doesn't really make sense no matter who the owner is because Geralds contract is a great value.

I am really torn on this. On one hand, I think LB could really make TT into a better player.

On the other hand I want the team to play more of an up tempo style so seeing LB go would not be all that bad. Also none of our young guys seem to be developing and maybe a new coach could really help.

Either way it should be better then what we have had so far.

BRNC

02-25-2010, 11:28 PM

Also none of our young guys seem to be developing and maybe a new coach could really help.

My biggest concern since LB has been here...I will say our vets (particularly Crash and Ray) have been helped...but I do worry about the young dudes...

TheBeagle

02-26-2010, 01:56 AM

After digging a little today, I've found some more info on what Postolos does.

He was an associate for Wachtell, Lipton, Rosen and Katz, the most profitable per-partner law firm in the world. They've represented companies such as AT&T, Kraft, and JP Morgan Chase in their mergers.

From Terry Porter's (NBA player/coach) wikipedia:

He does something with Management Leadership for Tomorrow, a group dedicated to helping minorites become leaders in large corporations. Also a part of that group are John Legend, Kevin Garnett, and many CEOs.

http://en.wikipedia.org/wiki/Toyota_Center_(Houston)#History gives some history of what he did to get the Toyota Center built. While he isn't named, we know he was the guy who got stuff done, it shows how much he dealt with and kudos to him. Charlotte shouldn't be much of an issue :rolleyes:

Also, one worry.

This Crane guy almost bought the Astros but backed out after he'd already agreed. And he was working with Postolos. Kinda shady. Beagle, you know anything more on that? First of all, great research! I tried to rep you, but got the "spread it around" spiel. (Ziggy, any chance we can get rid of that?)

All I remember is that in the offseason of '08-'09, word was that Drayton was "fielding offers" on the Astros, but not "actively looking to sell", so that came to me as a surprise that he basically had sold the team(!!!) before the guy backed out. Here's an archived article from the Houston Chronicle I found, which you may have already read:

http://www.chron.com/disp/story.mpl/sports/bb/6772251.html

But yeah, after reading this, I kinda gotta wonder what sort of dude this Crane guy is and, by association, Postolos. I just don't like the idea of this group of guys with money out the wah-zoo ravenously trying to buy up sports franchises. Admittedly, I despise big business and corporate America, but there just seems to be something dirty and slimy about the whole thing.

I was indifferent to the whole thing, but now I'm really pulling for MJ and Co. to get it done; the whole Postolos thing just seems so impersonal, while we know that MJ is committed to, not just the location, but the team itself.