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- Feb 16, 2005
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Yeah, it can be terminated but only at a huge cost. I don't see Shinn paying back over $100M in penalties.though it can be termed if attendance is not 14K per year
Should, but with comments like these:With football over and a team who will probably be a top 4 seed, they should reach those marks.
Posted by godwin2 on 01/09/08 at 1:23PM
bye bye hornets.
following the article and people who share similar sentiments, it's tougher than it should be.Posted by christuran on 01/09/08 at 12:54PM
Let's be number one in low attendance.
True, but he might not necessarily have to pay it himself. Depending on what type of other financial offers might come from other cities to entice him. I'm not specifically saying they would offer to pay the buyout, but other enticements are possible in a round-a-bout way.Yeah, it can be terminated but only at a huge cost. I don't see Shinn paying back over $100M in penalties.
Please expand. Or is this an uninformed, gut opinion.It'll be interesting to see if the Hornets actually put forth a good faith effort to reach those lofty sales goals. I think this deal is fishy.
What's more for there to expand on? I think the goal is unrealistic and if the team didn't want to break the lease there wouldn't be such an easy to attain clause in it.Please expand. Or is this an uninformed, gut opinion.
For Waymer: By NBA by laws, the Hornets have passed the deadline to file for a move to another city. Seattle met the time requirement. For the foreseeable future, the Hornets moving to OKC is officially not an option.
What's more for there to expand on? I think the goal is unrealistic and if the team didn't want to break the lease there wouldn't be such an easy to attain clause in it.
The Saints never got to that out clause because of Katrina and the ensuing league support and pushing for the team to return and stay for at least the short term future; Not to mention close to "free" stadium enhancements because of Katrina insurance money. Personally, and I hate to say this, but I think Katrina saved the Saints in New Orleans for at least the short-term. Not only from a civic pride standpoint or with the stadium upgrades. If Katrina doesn't hit, we probably don't go 3-13, we probably dont get Reggie Bush and season tickets probably don't sell out.And how is that any different than the buyout clauses that the State and the Saints re-negotiate every couple years? IIRC, the Saints last buyout clause was for less than $100 million ($83 mill?) and TB makes hand over fist more money than the Hornets.
Like him or not, George Shinn has put up some serious money to deal with returning the team to New Orleans. I don't think there's anything "fishy" about him wanting to maintain stabilty for his investment. It's business. He's putting a hell of a product on the court, with proven leadership, with the serious backing of the NBA and the interest of the city and region in mind. Not to mention under extraordinary social and economic circumstance.
Anyway, I do agree with you that the support up to now does make it seem difficult that those numbers are attainable.