One of League's Worst Teams with Highest Paid FO, Asks City to Pay for Second-Most Expensive Stadium

[scott]

I understand why they are penny pinching on draft picks now. They're saving so they can chip in their 20%. Wonder if layaway plans are available.

https://www.sacurrent.com/arts/spurs-proposed-san-antonio-arena-would-cost-12-billion-making-it-nbas-second-priciest-34925290

[LeBowen]

Sports franchises in private ownership, especially the ones that generate profits for that ownership, shouldn't get any taxpayer money, regardless of what it's for.

[baseline bum]

Such horseshit socializing cost while privatizing profit, subsidizing millionaires and billionaires at every turn is as American as school shootings and medical bankruptcies. Like Chomsky says, nanny state for the rich, tough love and market discipline for the rest of us.

[Obstructed_View]

I understand why they are penny pinching on draft picks now. They're saving so they can chip in their 20%. Wonder if layaway plans are available.

https://www.sacurrent.com/arts/spurs-proposed-san-antonio-arena-would-cost-12-billion-making-it-nbas-second-priciest-34925290

Not bringing talent to the team is an excellent way to convince fans to open their wallets for a new stadium.

[scott]

Such horseshit socializing cost while privatizing profit, subsidizing millionaires and billionaires at every turn is as American as school shootings and medical bankruptcies. Like Chomsky says, nanny state for the rich, tough love and market discipline for the rest of us.

But the team visited Uvalde, bb! That's not worth a billion dollar handout?

[baseline bum]

But the team visited Uvalde, bb! That's not worth a billion dollar handout?

I mean I'd vote them the new arena because I like the Spurs players and Pop and who the fuck cares, our tax dollars get pissed away in even worse ways as horrible as subsidizing sports team owners is. They got us by the balls.

[ChumpDumper]

That's the price for keeping the Spurs or any major league team. It's the same virtually everywhere except inside Austin city limits.

[baseline bum]

That's the price for keeping the Spurs or any major league team. It's the same virtually everywhere except inside Austin city limits.

Yeah you gotta be LA, NY, or SF to tell sports team owners to fuck off and build their own damn arena. It's a great con they have going.

[Mugen]

:lol Fat Antonio

[Strategic]

I don’t think they should be asking, but it would be a crying shame if the Spurs leave town in my lifetime.

[stnick2261]

I thought they were buying the land so they could make money off everything in the district?

[scott]

I thought they were buying the land so they could make money off everything in the district?

They'll probably charge the City ground rent for the stadium the City builds for them :lol

[TekXX]

Is our FO the highest paid for real?

[scott]

Is our FO the highest paid for real?

The Coach/President is, at least. Wouldn't surprise me if RC isn't the highest paid CEO in the league, but I actually have no clue.

[LeBowen]

The Coach/President is, at least. Wouldn't surprise me if RC isn't the highest paid CEO in the league, but I actually have no clue.

First couple of google results say RC is the highest paid at $10M per year and Pop is second after Kerr at $16M per year.
Not bad for a whole bunch of nothing over the past 5 years.

[scott]

First couple of google results say RC is the highest paid at $10M per year and Pop is second after Kerr at $16M per year.
Not bad for a whole bunch of nothing over the past 5 years.

Good thing we're saving that $6.2MM by not having to pay the #8 pick!

[rjv]

I mean I'd vote them the new arena because I like the Spurs players and Pop and who the fuck cares, our tax dollars get pissed away in even worse ways as horrible as subsidizing sports team owners is. They got us by the balls.

i;d rather vote for a tax increase that goes to a proposed entertainment district wrapped around the arena than a barn in the middle of nowhere or for another tax abatement for another Walmart or Amazon warehouse. But, yeah, we pour nothing into the education bucket (that's more state level of course) or clinics and so on and so on when it comes to where our taxes go. nice chomsky reference, though.

[Pauleta14]

Sports franchises in private ownership, especially the ones that generate profits for that ownership, shouldn't get any taxpayer money, regardless of what it's for.

Wait... Spurs would pay 20% and still get 100% of the benefits??? :lol

Pls educate me on the matter lmao

[baseline bum]

Wait... Spurs would pay 20% and still get 100% of the benefits??? :lol

Pls educate me on the matter lmao

It's the American way. We don't spend tax dollars on useful shit like modern public transportation, debt free college, and universal healthcare like you guys do, we subsidize the rich.

[baseline bum]

fucking double post

[CGD]

It's the American way. We don't spend tax dollars on useful shit like modern public transportation, debt free college, and universal healthcare like you guys do, we subsidize the rich.

And those guys always say, well "this generates XX jobs, bring XX collateral businesses, boosts traffic cultural centers, etc." There is absolute truth to that btw, but i think the math never quite adds up in the end.

[LeBowen]

And those guys always say, well "this generates XX jobs, bring XX collateral businesses, boosts traffic cultural centers, etc." There is absolute truth to that btw, but i think the math never quite adds up in the end.

New arena generating more revenue is exactly why the owners should build with their own money.
Take a 10, even 20 year loan and if it's as good as advertised, it's going to pay for itself.

[baseline bum]

New arena generating more revenue is exactly why the owners should build with their own money.
Take a 10, even 20 year loan and if it's as good as advertised, it's going to pay for itself.

Why would they do that when they can get free money from San Antonio, or from Las Vegas or Kansas City or any other number of cities if San Antonio says no?

[exstatic]

Sports franchises in private ownership, especially the ones that generate profits for that ownership, shouldn't get any taxpayer money, regardless of what it's for.

Yeah,yeah,yeah. What year are you living in, 1988? That’s not the world we live in. You pony up, or your team leaves.

[baseline bum]

And those guys always say, well "this generates XX jobs, bring XX collateral businesses, boosts traffic cultural centers, etc." There is absolute truth to that btw, but i think the math never quite adds up in the end.

Meh it doesn't do any of that shit, it just shuffles peoples' entertainment budgets around so it's zero sum. Publicly funded stadiums are always big economic losers for cities.

[Pauleta14]

It's the American way. We don't spend tax dollars on useful shit like modern public transportation, debt free college, and universal healthcare like you guys do, we subsidize the rich.

Well in Paris the mayor basically wants PSG's owner to rebuild the stadium ... but not own it, just a very long rent :lol

Anyway, reading the numbers made me laugh, it's like a diplomatic racket at that price

[SPURt]

Such horseshit socializing cost while privatizing profit, subsidizing millionaires and billionaires at every turn is as American as school shootings and medical bankruptcies. Like Chomsky says, nanny state for the rich, tough love and market discipline for the rest of us.
+100000000

[itzsoweezee]

Well in Paris the mayor basically wants PSG's owner to rebuild the stadium ... but not own it, just a very long rent :lol


They do that in the US too. It means the franchise will not be paying any property tax. Here, the public also pays for part of the construction costs too, or forgoes other tax revenue.

[Pauleta14]

They do that in the US too. It means the franchise will not be paying any property tax. Here, the public also pays for part of the construction costs too, or forgoes other tax revenue.

It's for a mainly zenophobic/racist reason in Paris, they don't want to sell to the Qatar owners.

I can understand not wanting to sell, PSG's stadium is considered by many as a French "Hisorical monument" that should remain french, but asking to rebuild for the cost of a new stadium without owning it it insane (PSG's owners have since decided to build the new one outside of Paris bc of it)

[libertarian4321]

Didn't taxpayers get stuck funding $100,000,000+ just 6 or 7 years ago for renovations to the current facility that is only about 20-years old?

[RC_Drunkford]

New arena generating more revenue is exactly why the owners should build with their own money.
Take a 10, even 20 year loan and if it's as good as advertised, it's going to pay for itself.

:lol a stadium with an entertainment district is not profitable, that's why they need the tax dollars

[exstatic]

Didn't taxpayers get stuck funding $100,000,000+ just 6 or 7 years ago for renovations to the current facility that is only about 20-years old?

It was longer ago than that. The big three were all still here.