Furniture store owner wants to pay Van Gundy's fine

[MaNuMaNiAc]

http://sportsillustrated.cnn.com/2005/basketball/nba/specials/playoffs/2005/05/03/bc.bkn.vangundy.fine.ap/index.html


HOUSTON (AP) -- First, Houston Rockets center Yao Ming offered to pick up half of coach Jeff Van Gundy's $100,000 fine from the NBA.
Now, Gallery Furniture store owner Jim McIngvale says he would like to pay the fine the NBA gave Van Gundy after the coach's accusation that officials are targeting Yao this postseason.

"I would be willing to pay the $100,000 fine that the NBA levied against Mr. Van Gundy because I just admire him for standing up for his employees," McIngvale told Houston television station KRIV on Tuesday.

McIngvale said he knows some will laugh at his offer and see it as nothing but a publicity stunt.

"I've got the $100,000 and I'm ready to pay it. I like coach Van Gundy because he does the right thing whether it's popular or not. I'm ready to pay it because he stood up for employees. I think it's great."

Van Gundy told the station he wouldn't comment until speaking to McIngvale.

McIngvale, who also owns the Westside Tennis Club, said if the NBA had a problem with his offer, then he'd just ask Van Gundy to make an appearance at his store and pay him the $100,000.

[Clandestino]

that is pretty bad ass... he is already getting over 100,000 worth of advertising by saying this.

[boutons]

"Van Gundy to make an appearance at his store and pay him the $100,000."

... would taxable income, and in Jeff's probably top tax bracket, a big tax bite.

But if Jeff pays the fine out of his pocket, it's tax deductible, I read somewhere.

The furniture salesman would have to pay Jeff at least:

( $100K / (1 - Jeff's tax rate) )

.. for Jeff to pocket $100K after tax.

[jalbre6]

mad mattress mack?

remember when he went head to head with that businessman from (detroit i think?) on conan to determine who was the craziest late-night advertiser


It is Mattress Mac? From the galleryfurniture.com bowl? I was wondering that.

"Gallery Furniture....SAVES...you money!"

[Spurminator]

Jim McIngvale is amazing. He started with about $500 worth of furniture and turned it into a multi-million dollar business. Probably the most charitable businessman in Houston too.

http://www.woodslane.com.au/repository/components/images_frontcover_S475h/0793153751.jpg

[Court4Short]

I wish i had 100,000 to give to someone, 20 bucks is pushing it for me. :lol :lol

[ALVAREZ6]

Mcingvale....show off....