Carmelo Anthony James Dolan

Madison Square Garden stock dinged because of lockout

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The conventional wisdom is the players will feel the financial impact of the lockout long before the owners. The players are millionaires who (in some cases) lead extravagant lifestyles. The owners can lead extravagant lifestyles, they are billionaires with deeper pockets.

But at least one owner is already feeling the pinch of the lockout.

The Madison Square Garden Company — the parent company of the Knicks, the NHL’s Rangers, the building they play in and CableVision — has already seen a downgrade of its stock to hold by Bank of America because of fears of revenue lost by an extended lockout.

Here is what some Bank of America suit told NewsCore (story via Ball Don’t Lie):

“Despite our continued belief in MSG’s robust long-term story … we think the shares will be unlikely to outperform over the near term with $90 million of adjusted operating cash flow at risk from a full-season NBA lockout and a possible LA Forum acquisition on the horizon,” the analysts wrote in a note.

Here is another note on the downgrade from CNBC.

This really isn’t going to hurt Knicks head man James Dolan much, he’s not going to have to give up his blues band or anything. Unfortunately. But it is a hit and it shows the owners are not immune — both sides get hurt the longer this drags out.

And the players will crack first. They will be the losers at the end of this lockout. Sorry, but Sam Amick is right.

Report: Lamar Odom found unconscious, taken to Las Vegas hospital

Lamar Odom

Let’s hope that this is not as bad as it sounds.

Lamar Odom, whose NBA career was cut short due to his challenges with drug use, has been taken to a Las Vegas-area hospital after being found unconscious at a brothel in a city not far outside the city, according to the report from TMZ.

Lamar Odom is fighting for his life after falling into unconsciousness at Dennis Hof’s Love Ranch South in Pahrump, Nevada … TMZ Sports has learned.

Sources at the Love Ranch tell us … 35-year-old Odom arrived at the Ranch Saturday and was partying with the girls for days. A source at the Ranch said Lamar was taking an herbal substitute for Viagra. We spoke with Hof … who tells us Tuesday afternoon, a woman went into Odom’s room in the VIP suites and found him unconscious.

Odom spent 14 seasons in the NBA, starting his career with the Clippers and going on to be a key figure in the 2009 and 2010 Los Angeles Lakers title teams. He won Sixth Man of the Year in 2011.

While famous in basketball circles — and incredibly well liked by players and media, he was one of the funniest guys in the league — he became a pop culture sensation when he married Khloe Kardashian. However, it was about that time that his drug use started to take a toll on everything in his life. It was not long before he was traded to Dallas, and things started to truly spiral out of control for him. He went for treatment after that, but never returned to the NBA.

We will have more as the story develops. Our thoughts are with Odom, and we hope he pulls out of this.

Jazz waive Jack Cooley and J.J. O’Brien

Jack Cooley, Jordan Mickey
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SALT LAKE CITY (AP) — The Utah Jazz said Tuesday that they have waived forwards Jack Cooley and J.J. O'Brien.

Cooley played in 16 games with the Jazz last season after being called up from the NBA Developmental League. He averaged 1.7 points and 1.6 rebounds. Cooley’s fate with the team seemed to be decided when 7-foot center Jeff Withey signed a multi-year free agent deal in August. The 6-9, 260-pounder was in his second NBA season.

O’Brien was signed as an undrafted rookie Aug. 28 and played in one preseason game with the Jazz.

The Jazz roster now stands at 18.