The Lunatics Have Taken Over The Asylum ….. As If Not Being Placed In A Straight Jacket Wasn’t Enough ………… The Business of Sports …………The Raptors Are Said To Be Making Oodles of Money ………..

The Lunatics Have Taken Over The Asylum ….. As If Not Being Placed In A Straight Jacket Wasn’t Enough ………… The Business of Sports ………… The Raptors Are Said To Be Making Oodles of Money

Recently in responding to a fellow blogger’s website An Epic Mess - http://epicmess.wordpress.com/ . A co-respondent tried to suggest that Toronto Raptors of the NBA was a soundly ran NBA business franchise. Now far be it for me to suggest that this individual was wrong his assumptions. He stated that because the franchise had made in excess of $25 million for the fiscal year 2008 , I believe. He intimated that this made the team is one of the better ran franchises teams in the league.

<strong> Chris  Bosh, LeBron  James </strong> and  <strong> Dywane  Wade </strong> ,  three  players   who  at  the culmination  of the   2010  NBA  season  will  become   three  of  the  most  sought  after   and  desired   unrestricted  free  agents   on  the  open  market   in   terms of  NBA  free  agency.    photo   appears  courtesy  of   Getty  Images  / Kyle  Bostwick   .......................

Chris Bosh, LeBron James and Dywane Wade , three players who at the culmination of the 2010 NBA season will become three of the most sought after and desired unrestricted free agents on the open market in terms of NBA free agency. photo appears courtesy of Getty Images / Kyle Bostwick .......................


Now far be it for me to suggest that the individual was misguided in his facts, or the statement that he was trying to represent. But based on the Raptors’ own declining figures in terms of its dwindling attendance and the mere fact that in 2009 the the organization was a recipient of several million dollars that was part of the NBA hierarchies’ bailout of amongst 16 franchises ( recipients shared $250 million spread amongst 16 franchises ) around the league decreed by NBA Commissioner David Stern. I somehow feel that this individual was trying to paint a pastel mosaic picture that just wasn’t there concerning the Raptors’ organization. As part of his argument he stated that because the team came under the umbrella ownership of Maple Leafs Sports & Entertainment Inc.- this made the franchise a noteworthy business entity. The group also owns the NHL’s , Toronto Maple Leafs , Toronto FC of MLS, and the Toronto Marlies of the American Hockey League. And they also own and run the Air Canada Center in Toronto, home to both the Maple Leafs and Raptors. The estimated book value of the concern is said to be in the region of $1.65 billion . That would make it amongst the most valuable sports conglomerates in the world. Though not necessarily the best ran sporting conglomerate but it’s all in the eye of the beholder , as they say.

Toronto Raptors forward <strong>Chris Bosh</strong> (right) shoots over New Jersey Nets forward <strong> Kris Humphries </strong>  during first half NBA action in Toronto on Wednesday February 3, 2010.  photo  appears  courtesy of  the  The  Canadian  Press / Frank  Gunn  ......

Toronto Raptors forward Chris Bosh (right) shoots over New Jersey Nets forward Kris Humphries during first half NBA action in Toronto on Wednesday February 3, 2010. photo appears courtesy of the The Canadian Press / Frank Gunn ......

What this individual however, failed to take into account was that even though the Raptors were part of this vast entertainment and media conglomerate, it was still in part not making the projected profits that its board and investors had come to expect. Profits of a small entity that is part of a larger conglomerate can always be made to look all the more impressive, even if the overall picture of the organization is said to be a good one. And that case can be made here for the Toronto Raptors. But when you look beyond that and you ascertain that the franchise was the beneficiary of the NBA’s largess to the tune of $20 million as part of a one time financial bailout, in terms of a loan from several major financial institutions. It does provide something of a misleading picture of what goes on within the inner workings in the day to day environment of a number of franchises around the league. Somehow, this is something that this individual may have failed to understand or he may well have chose to overlook that very fact. The irony here is that the franchise still struggles to make its presence felt in the league, despite ambitious efforts led by its ownership through its President & General Manager, Bryan Colangelo. And through the makeup of the board and that of its parent group , Colangelo alongside Senior Vice President & Head of Basketball Operations, Maurizio Gherardini and head coach Jay Triano have assembled a roster that they believe will be competitive enough to pose a serious challenge and compete not just within the Atlantic Division but also within the entire Eastern Conference ,as well as the rest of the NBA.

<strong>Sonny Weems (#24) </strong>of the Toronto Raptors finishes the in-bounds alley-oop pass with the thunderous one handed jam during a game against the New Jersey Nets on February 03, 2010 at the Air Canada Centre in Toronto, Ontario, Canada. photo appears courtesy of  <strong>  NBAE/ Getty  Images/</strong> Ron Turenne  ..............

Sonny Weems (#24) of the Toronto Raptors finishes the in-bounds alley-oop pass with the thunderous one handed jam during a game against the New Jersey Nets on February 03, 2010 at the Air Canada Centre in Toronto, Ontario, Canada. photo appears courtesy of NBAE/ Getty Images/ Ron Turenne ..............

Courtesy of Yahoo Sports

CAA stands at head of 2010 free-agent class

By Marc J. Spears , Yahoo Sports Writer

For 35 years, Creative Artists Agency has represented many of Hollywood’s top power brokers. Steven Spielberg. Tom Cruise. George Clooney. Will Smith. Tom Hanks. Brad Pitt. Julia Roberts. Nicole Kidman. Bruce Springsteen. The list goes on and on.

Less than five years ago, CAA decided to expand its reach into the sports world. Peyton Manning of the Indianapolis Colts signed on. The agency landed global soccer star David Beckham, New York Yankees shortstop Derek Jeter and NASCAR champion Jimmie Johnson, giving it access to some of sports’ most marketable personalities. CAA’s basketball portfolio also has steadily grown after noted NBA agent Leon Rose joined in 2007 and Henry Thomas followed. The agency now counts Carmelo Anthony, Allen Iverson and Tony Parker among its clients – not to mention LeBron James, Dwyane Wade and Chris Bosh.

James, Wade and Bosh, of course, are the names on the tongues of every NBA executive these days. All three will be free agents this summer, the headliners of what promises to be the deepest and most heralded free-agent class in league history. That all three are represented by the same agency only adds to the drama and intrigue. It stands to reason that CAA – an agency which wasn’t doing much sports business as recently as five years ago – will now have some influence on how the NBA’s power structure shifts for the future.

“When you have those type of players,” New Jersey Nets president Rod Thorn said, “that’s power in itself.”

Thorn’s Nets are among the teams hoping to lure at least one of the three stars this summer. The New York Knicks and Miami Heat – Wade’s current team – also figure to be among the top bidders. In addition, the Los Angeles Clippers, Chicago Bulls, Oklahoma City Thunder, Minnesota Timberwolves and perhaps even the Dallas Mavericks will have (or potentially have) significant salary-cap room to spend on a free-agent pool that could also include Amar’e Stoudemire, Dirk Nowitzki, Joe Johnson, Carlos Boozer, Rudy Gay, Shaquille O’Neal and David Lee.

James, Wade and Bosh obviously figure to be the biggest movers and shakers, provided any of the three move at all. The trio’s current teams still hold strong hopes of re-signing them. For all of LeBron’s flirtations with New York, the Cleveland Cavaliers have given him a roster that now owns the NBA’s best record. The Heat have been a disappointment, but they also will have enough money to pair Wade with another top-level player should he decide to stay. And though Bosh has been pegged as the one most likely to leave, the Toronto Raptors’ recent success has at least quieted speculation they will look to deal their franchise star before the Feb. 18 trade deadline.

============================================
In order to read Marc J Spears’ article in its entirety
just click unto the link shown .
============================================

(L-R) Oklahoma City Thunder Owner, Clay Bennett joins MLSE Chairman <strong>Larry Tanenbaum (MLSE are the  owners of  both the  Maple  Leafs  &  Raptors) </strong> and Toronto Maple Leafs Phil Kessel and Dion Phaneuf as the Toronto Raptors host the New Jersey Nets on February 03, 2010 at the Air Canada Centre in Toronto, Ontario, Canada.  photo  appears courtesy  of   <strong>   NBAE/Getty  Images/ </strong> Ron  Turenne  .....................

(L-R) Oklahoma City Thunder Owner, Clay Bennett joins MLSE Chairman Larry Tanenbaum (MLSE are the owners of both the Maple Leafs & Raptors) and Toronto Maple Leafs Phil Kessel and Dion Phaneuf as the Toronto Raptors host the New Jersey Nets on February 03, 2010 at the Air Canada Centre in Toronto, Ontario, Canada. photo appears courtesy of NBAE/Getty Images/ Ron Turenne .....................

At present the Raptors (27-23) are the fifth seed within the Eastern Conference and sit in second place behind the division leading Boston Celtics (31-16), the third seed within the conference. The LeBron James’ led Cleveland Cavaliers (40-11) having posted the best record in the NBA are naturally the number one seed within the conference.

The aspirations of the Toronto Raptors aren’t different from any other franchise within the NBA and that’s in striving to win an NBA title. Granted, their situation becomes all the more difficult when they have to contend with the likes of Cavaliers, Celtics , as well the Orlando Magic , Miami Heat and a now resurgent Atlanta Hawks within the conference. From there, they face the obstacle that were they to make to the NBA Finals , they would have deal with an almost certain Western Conference foe that’s sure to be far more dominant a team. The problem is that scenario cannot be envisaged by anyone with a knowledge of the game. Quite simply put, the Toronto Raptors just aren’t good enough to be the Eastern Conference’s representative, much less be viewed as a potential NBA champion. Their roster hasn’t any real depth and as a unit they’ve been far too inconsistent to be viewed as a serious NBA title contender. They merely exist to be an above average regular season run of the mill team. Nothing more, nothing less !


In light of that fact and the situation now arising as to the impending future of their lone superstar on this team , forward Chris Bosh and the very fact that he’s about to become an unrestricted free agent at the culmination of this season. It doesn’t exactly augur well for the franchise. It’s thought that the player will eschew the choice of remaining with the Raptors and seek out a better offer via free agency. He’s amongst the most desired of players that are about to land on the free agency market in the offseason. But that could be predicated upon the fact that Raptors could seek to trade him prior to or on the trade deadline of February 18th (3:00 PM EST). Thought that’s a remote possibility, there’s no reason to believe that GM , Bryan Colangelo won’t be willing to listen to offers for the player, if the price is most definitely right. They could still build around the nucleus of young talent that there is on the team led by their young center, Andrea Bargnani and Jose Calderon . They could become the focal point of a team that could challenge for future honors within the NBA. But for the present it remains to be seen what the ‘hierarchy front office’ will do concerning the impending free agency of Chris Bosh. All that we know is that the situation now becomes rife with a great deal of speculation and the unending rumors concerning the player’s future. So much for this being viewed as a cash rich laden franchise that’s said to be ambitious. It’s one thing to look the part , it’s another thing to actually carry out the very things that make it a reality. As for my co-respondent on this very issue . I think he’s somewhat under the mistaken impression that Raptos can co-exist alongside the likes of the Lakers, Cavaliers , Celtics and Spurs in name only ! Merely because they’re part of a wealthy sports’ conglomerate. Like I said in the title of this piece …………”The Lunatics Have Taken Over The Asylum ….. As If Not Being Placed In A Straight Jacket Wasn’t Enough ………… The Business of Sports ………… The Raptors Are Said To Be Making Oodles of Money”. What do you think that they’re actually doing ? To my mind they’re merely spinning their wheels and aimlessly going nowhere !

Click here to view the Toronto Raptors’ current roster.

Busta’ Rhymes gives you ‘Arab Money’ feat’g the usual cabal of stars lending a hand. Amongst them are Akon, Diddy, Ron Browz, Lil’ Wayne and Swizz Beatz.

Alan Parkins aka tophatal ………….

=========================

<strong> Taraji  P.  Henson </strong>,  noted   actress   and   former  Golden  Globe  & Oscar nominee  for  best   supporting   actress  for  role  in  the  movie <strong> " The Curious   Case  of   Benjamin   Button " </strong>    The  movie  starred   Brad  Pitt  and   Oscar  winner   Cate  Blanchett.    Taraji  is  <strong> 'pretty  hot' </strong>   don't  you think  ?

Taraji P. Henson , noted actress and former Golden Globe & Oscar nominee for best supporting actress for role in the movie


Taraji P. Henson, noted actress , former Golden Globe and Oscar nominee for Best Supporting Actress for her role in the movie ‘ The Curious Case of Benjamin Button’. The movie also starred Brad Pitt and Oscar winner Cate Blanchett.

~ by Alan aka tophatal .... on February 5, 2010.

11 Responses to “The Lunatics Have Taken Over The Asylum ….. As If Not Being Placed In A Straight Jacket Wasn’t Enough ………… The Business of Sports …………The Raptors Are Said To Be Making Oodles of Money ………..”

  1. It appears that the individuals who see their ‘team merely spinning their wheels aimlessly going nowhere’ think of it ‘as them’ showing signs of life. Plainly put , it’s actually a sign of apathy and stupidity ! But then again it’s something that I’ve come to expect from a number of people who merely seek to be sheep and follow the throng, rather than showing signs of life themselves by going out seeking out the information and seeing what’s actually happening around them.

    The Raptors will be the recipients of a playoff berth in the Eastern Conference . But beyond that they’re not going to be going all that far into the playoffs. They’re just not good enough to derail either the Celtics , Magic , Heat or Hawks in a playoff series in the latter part of the playoffs !

    Reality bites and once in a while you’ve got to bite back , if only momentarily ! In order to show some sign of life yourself !

    Alan Parkins

    • Based on that rather dark view of the world, the 11 teams that aren’t the Cs, Magic, Hawks or CAVS (Heat = lol) should all just have folded their franchises and gone home! Its hopeless – If you can’t win it all this year, why bother even being in the league.

      Really why bother with all the fluff – Lets get it down to Lakers & Boston – they’ll play each other 3x per week until April and have a playoffs. What do all those other stupid cities and franchisees think they are doing anyway? They are just upsetting tradition!

      And its obvious the Raptors are in financial trouble – they are only getting about 17,000 people per game to pay one of the highest ticket prices in North America and their share of NBA National TV revenues only covers about 60% of payroll – how could they possibly be getting by? Must surviving on subsidies from the $50m the Maple Leafs make every year?

      • Brothersteve

        If you think this is a ‘dark view’ I’d hate to think that you’d view as positive ? You had guys commenting on epicmess’ site who wouldn’t know a ‘balance sheet’ from a ‘baking sheet’, opining on the Raptors without even knowing what was going on within the organization. But then again, I digress as an ex-pat Brit what would I know about the sporting landscape here ? Other than the fact that I’ve resided here for the last 17 years and work within the field corporate law and the business of setting up corporations.

        The fact of the matter is , were the Raptors a stand alone entity, they would be in serious financial turmoil. In the case of the Cavs and Heat , I don’t think you’ll see them folding anytime soon. Not with the financial backing that they have at their disposal. In the case of the Cavs they have tens of millions at their disposal courtesy of their new Chinese investors. And for the Heat they have Micky Arison’ billions to keep them afloat.

        The asinine thing is that Stern and the NBA hierarchy allow these entities to operate in such a way. And then when they fall into a financial abyss. It’s then eithetr fans who end up paying dearly. Or he comes out with his asinine notion that doling out $250 million shouldn’t be viewed as a bailout. I suppose that makes the ” ‘TARP’ money” doled out by Feds , ought to be seen as a donation to aid the poor ?

        As boxing promoter Don King once pronounced…..’ Only in America’ !

        Thanks for chiming in with a comment and as always it’s appreciated !

        Alan Parkins

      • Brothersteve

        If you don’t think that much of the Raptors’ problems are of their own making then you obviously no head for business at all. How the hell can a business entity simply think that they can survive by spending more than they’re simply taking in ? They’re not the US federal government or any other government entity at the state or local level. It all stems their idiocy and financial mismanagement. There’s not been much of an improvement overall since Isiah Thomas within their midst. And we all saw how that crap turned out didn’t we ?

        Alan Parkins

  2. Ahwell…..The bigger things get, the more they tend to fail…unless they all keep making money….maybe even “breaking even”.
    The problem is that “usually” one or two entities lose so much that it drags the others down, causing a loss..then “investors” start bailing out…much like the syock market. All kinds of factors, including salaries….which is the highest cost…create a non-viable business climate.
    At a time of great economic stress, I think it is time to trim the fat and cope with what is sucessful….cut what is not.

    An aside to this is what portends to be a strike or a lockout in the NFL….brought about by GREED. Ain’t it ’bout time for lower salaries and salary caps throughout?

    • al clements

      I’m just waiting to see the fallout from when the s_it hits the fans in terms of the ongoing collective bargaining agreement negotiations now happening between the NFL and the NFLPA ? They have until March 5th to get a deal done. Otherwise they start the year as an uncapped season. Wherein it’ll be about players, ‘wanting to really get paid .

      These two sides are beginning to make Bud Selig , MLB and the Players’ Union (MLBPA) there, seem like ‘damn geniuses’ !

      The NBA and many of their franchises’ business templates have gone completely aksew. They’re spending more money than they’re receving in revenues . And then they’re now complaining as if they don’t know what went wrong. It’s akin to the Congress , Senate and the admnistration and ” ‘their fu_king over’ ” of the country at present !

      Stern is the biggest hypocrite and numb-nut at present ! Much of the blame falls upon his shoulders for not demanding the franchises to live within their means. It’s one thing when there’s a salary cap in place. But it’s another when you then have them trying to hold the feet to the fire of city , county and state administrations’ feet to the fire in order to get a facility built. Especially when it’s the taxpayers funding it all , either in the form of a tax increase at the behest of local government or through a bond issue. Wherein if they default, we still end up paying !

      Alan Parkins

  3. [...] The Lunatics Have Taken Over The Asylum « Tophatal1’s Blog What this individual however, failed to take into account was that even though the Raptors were part of this vast entertainment and media conglomerate, it was still in part not making the projected profits that its board and investors had come to expect. Profits of a small entity that is part of a larger conglomerate can always be made to look all the more impressive, even if the overall picture of the organization is said to be a good one. And that case can be made here for the Toronto Raptors. But when you look beyond that and you ascertain that the franchise was the beneficiary of the NBA’s largess to the tune of $20 million as part of a one time financial bailout, in terms of a loan from several major financial institutions. It does provide something of a misleading picture of what goes on within the inner workings in the day to day environment of a number of franchises around the league. [...]

  4. Yup, the Raptors are in trouble. I guess that’s why the Grizzleys didn’t make it up there in Canada. It’s just not a popular sport up there. They have a chance to make the playoffs which would give them a few extra $$$, but I doubt it would help their financial situation all that much… They should just blow the team up, and get a bunch of picks, and expiring contracts…

    • chappy 81

      The Raptors will make the playoffs but they’ve little hope of being the Eastern Conference representatives in the NBA Finals. They’re simply not good enough and when it’s all said and done their fans will soon begin to realize that fact. The guys who were commenting on epicmess’ site were simply overzealous fans who don’t look at reality.

      Between now and the trade deadline it’ll be interesting to see what unfolds concerning Chris Bosh ? If he’s traded away or doesn’t re-sign with the team . Then it’s back to square one for the organization as a whole. Who can forget those moribund years when Isiah Thomas was leading the charge as their GM ?

      Did he (‘Zeke’) ever come out of the closet after this ?

      Alan Parkins

  5. Nice to see my boy Chauncey Billups make the All-Star game he so rightfully deserves.

    Tough to make the squad playing in the same conference as Nash, Paul and Williams but eight straight conference finals do not lie.

    • Chris Humpherys

      When the fans are merely choosing the players based on favoritism and not much else. To me it simply indicates that they’ve no knowledge of the game at all !

      I mean how the f_ck can you still put the likes of Iverson on the Eastern Conference roster ? The guy has barely played any minutes whatsover this season for the Sixers. Are some of the NBA fans that naive and stupid ?

      Alan Parkins

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

%d bloggers like this: