As the seemingly inevitable lockout looms over the NBA this summer, the very real possibility that the league could cancel games may be on the minds of its many season-ticket holders. Individual and business customers alike may be thinking about holding onto that money, while waiting to see if in fact there will be a 2011-12 season.
The owners are likely to be in a better long-term financial situation than the players in terms of being able to hold out for the best deal, but even so, those season-ticket dollars are extremely important to each team’s financial well-being. So it’s probably not surprising that the league would try to ensure that the money comes in as expected, whether there ends up being a work stoppage or not.
According to a report from Bloomberg’s Mason Levinson (via Michele Steele), the NBA’s plan is to entice its customers to spend that money with a promise of full refunds — plus interest — for any games that may end up being lost.
National Basketball Association season-ticket holders will receive refunds plus interest if games are canceled because of a labor dispute next season, in contrast to the National Football League, which has said it’s up to clubs to decide how to handle deposits.
While both leagues have told fans that they’ll get their money back for tickets to lost games, the NBA will also pay interest on what could amount to loans to franchises from fans, Mike Bass, a spokesman for the NBA, said in a telephone interview.
The report also mentions the fact that the league has done this before, when the owners last locked out the players and lost 32 games from the 1998-99 season.
Now of course, no one’s going to get rich by investing in tickets like this, as the interest rate — which will be set by the league before games are canceled, along with the date that the interest would begin to accrue — is likely to be minimal. But it’s a savvy move by the league nonetheless, and one that should provide some peace of mind for customers who may have otherwise been on the fence about writing that big check while the possibility of a work stoppage remains.
A Malawian newspaper, writing about Michael Jordan’s statement on race, used the Crying Jordan photo accompany the article.
How did that happen?
A page designer who didn’t understand the meme? A joke never fixed before printing? A staff-wide ignorance of the photo’s cultural relevance?
Justin Block of The Huffington Post:
As it turns out, the newspaper is called The Nation, or The Malawi Nation. When reached for comment on Thursday afternoon, The Nation Senior News Analyst Joy Ndovi stated that using the Michael Jordan Crying meme was intentional, and said Sports Editor Garry Chirwa picked the photo.
Chirwa told us that when he read the story, he felt that the emotions packed within Jordan’s quote, “I could no longer keep silent,” were represented in the Michael Jordan Crying meme.
“I just imagined him crying,” Chirwa wrote via WhatsApp.
Ndovi echoed Chirwa’s sentiments:
The article on Jordan reacting to the violence in U.S. was just the perfect one for the meme to be used. It depicts the emotional state of the former NBA star. Though it might seem unconventional, what other photo could be more suitable than the infamous Crying Jordan meme?
I can think of a few.
Before signing with the Knicks to retire, Amar’e Stoudemire reportedly wanted to sign with the Suns this year and last.
He essentially confirmed both accounts.
Stoudemire, via Paul Coro of The Arizona Republic:
“The last two years, we made phone calls to Phoenix but I wasn’t getting any positive response,” Stoudemire told azcentral sports on Thursday. “That would’ve been the perfect way to go out. I didn’t want to beg Phoenix. My heart was in two places – Phoenix and New York. I just went where I was wanted.”
According to the report, Stoudemire wanted to play for Phoenix next season — not just retire as a Sun. If that’s the case, I see why the team passed. The Suns have 15 players (the regular-season roster limit), are rebuilding and already have Tyson Chandler as a veteran big.
But if Stoudemire wanted sign an unguaranteed deal with the Suns then retire as a ceremonial move, it’s a little harder to explain Phoenix’s reluctance. Perhaps, the Suns were caught off guard by such a request. Nobody in memory had done something like that in the NBA. The gesture is far more common in football and baseball.
Either way, Stoudemire retiring as a Knick wasn’t designed to show a long-standing bitterness toward the Suns.
A recent bitterness toward the Suns? Maybe.
Karl-Anthony Towns has replaced Anthony Davis as the consensus MVP-in-waiting.
Are you ready, NBA?
Here’s a sneak preview of the Timberwolves center’s future:
NEW YORK (AP) — Craig Sager’s fight with leukemia will prevent the basketball sideline reporter form covering the Rio Olympics for NBC.
NBC said Thursday in a statement that the 65-year-old Sager is preparing for a third bone marrow transplant at MD Anderson Cancer Center in Houston. Sager was first diagnosed with leukemia in 2014 and announced in March that he was no longer in remission.
The Rio Games would have been Sager’s fifth Olympics.
Sager has worked for Turner Sports for 34 years. At the ESPY Awards this month, Vice President Joe Biden presented Sager with the Jimmy V Award for Perseverance.