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they wouldnt happen to be jews? just stern helping out another of his broes b4 real bros
"it was the best deal known to man", lol. jesus.
They need to buy out that contract. Going to be mad expensive though. . .and I don't think they will allow it to be bought out since it's basically a free ride for his family and descendants 'til the NBA flames out which probably won't be for hundreds and hundreds of years.
Literally, the contract they have is worth multiple billions at no risk or investment? lol. Why would they ever sell it? Spurs are gonna be paying forever. Too bad. . .just another reason why we'll never get those big free agents.
they wouldnt happen to be jews? just stern helping out another of his broes b4 real bros
The Spirits were the 5th team when the NBA was only going to take an even number. The Colonels took a payoff which forced the Spirits into the odd slot. They compromised with the tv deal. Cash now vs. an annuity; a rational bargain for the Colonels, Spirits and the 4 ABA to NBA teams.
Another reason the Spurs, Nets, Nuggets, and Pacers can't compete. Hmm, 4 championships and 3 other finals later....
Man, the Nets move to Brooklyn is really going to make those brothers rich.
The only way that they could escape this contract is if they find dirt or acts of moral hazard from the Silna brothers. That alone could take years of legal work and more expenses. Fact of the matter is, they've never escaped this contract for 36 years, they're not going to be able to do it ever.
David Stern would probably need 10 sets of Harvey Specter and Mike Ross.
Only way is to change the NBA name (ie, fold it, and restart), but that marketing exercise is worth way more than what they have to pay the brothers.
So Stern, suck it up, and live with the the mistakes of your predecessors of the past.
The present value of the TV contract has to be more than a new NBA franchise. They should've offered them the Hornets in exchange for the contract. If they are as big fans of BB as the article states they might be open to owning a franchise. To me that is the only way to resolve it without a 9 figure, maybe 10 figure settlement.
Why would the Silnas do that when they have free money falling from the sky?
No. They'd make more money than owning the Hornets, and there's zero risk in it.
If the contract passes to their next of kin too, then their entire family is set for the long forseeable future.
Maybe when they die they can try to squeeze out of it by saying the names on the contract are different than the current contract holder, so it's void.
If the contract was with the corporation then it won't matter how long the brothers live or die because corporations are immortal.
So many teams manage to lose money on basketball operations of a franchise that it would not be a good business decision to swap this guaranteed annual profit simply for the ego satisfaction of owning a team.
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