Blog Entry

Stern: Owners would consider Hornets contraction

Posted on: February 15, 2011 2:11 pm
 
Commissioner David Stern says that some owners would consider contracting the New Orleans Hornets, but feels that league will be succesful in keeping the team in New Orleans long-term. 
Posted by Matt Moore

In a lengthy interview with ESPN.com on Bill Simmons' podcast, David Stern today stated that there are owners in the NBA who "might share the view" that they should contract the Hornets. 

"I know that there are some owners who might share that view (that the Hornets should be contracted). But anything that we do gets done by the majority of the owners. All you're stating is a potential third option. But right now we are steaming full-speed ahead with every single possible way to make that team succesful in New Orleans, and I think we're going to succeed. We're going to make it unattractive to move it or contract it."


Stern, as usual, cloaks his statement in laywer-speak of the highest craft. The phrase "some owners who might share that view." Is that not the most slippery structure possible?  

The revelation is nothing too surprising.  Contraction talk has been floating for months. And with the owners now invested in a team that has not shown the capacity to keep itself afloat financially in its current market, there are going to be rumblings, particularly from the larger markets who won't want to support a losing asset in the face of the current economy.

But Stern makes the point that the owners have already made the decision to invest roughly $10 million each in the team. Contraction would mean losing the vast majority of that investment. You're not going to be able to liquidate tangible assets for an NBA team and recoup any significant amount of money. Why would they elect to just lose out on that money? At the same time, Stern also says the primary reason the league elected to step in and purchase the team wasn't a lack of buyers, but a lack of buyers that would keep the team in New Orleans. If the league is secretly planning to move the Hornets, they're going deep, deep underground with the plot.

The question of New Orleans as a viable market will continue until the ownership situation stabilizes. The question is: when's that going to be?
Comments

Since: Jun 10, 2008
Posted on: February 17, 2011 12:03 am
 

Stern: Owners would consider Hornets contraction

Just send them to Seattle.
Stern would never let that happen.



Since: Sep 23, 2007
Posted on: February 16, 2011 9:44 pm
 

Stern: Owners would consider Hornets contraction

Just send them to Seattle.



Since: Aug 18, 2006
Posted on: February 16, 2011 8:21 pm
 

Stern: Owners would consider Hornets contraction

They should contract half the Eastern Conference.  At the end of the year there will be 12 teams over .500 in the nba West Conf, in the east there will be just 5 teams over .500



Since: Jun 10, 2008
Posted on: February 16, 2011 4:03 pm
 

Stern: Owners would consider Hornets contraction

Why not just relocate the Hornets to a solid market city.
That sounds too logical for the NBA.  They should have left this franchise in OKC in the first place, but it was PC to move it back to NO.  I guess it is still too un-PC to move it out now.




Since: Feb 12, 2011
Posted on: February 15, 2011 8:12 pm
 

Stern: Owners would consider Hornets contraction

Why not just relocate the Hornets to a solid market city.



Since: Jun 13, 2007
Posted on: February 15, 2011 4:32 pm
 

Stern: Owners would consider Hornets contraction

Caution:  Writer is unforgiving of improper use of contraction versus elimination.  Why do these people call it "contraction?"  The term should be elimination.  If one were to contract the Hornets. that would mean one is removing a portion of its worth or a portion of its spelling to NwOrlnsHrnts.  Elimination is an ugly word considering all of its uses, but the Hornets would be eliminated.  FWIW, the NBA would be undergoing reduction to eliminate the Hornets.



Since: Jul 11, 2009
Posted on: February 15, 2011 4:03 pm
 

Stern: Owners would consider Hornets contraction

"Why would they elect to just lose out on that money?"

Because dividing up the TV contracts 29 ways rather than 30 for years to come is a lot more than $10 million each in their pockets.


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