Tag: Micky Arison

Miami Heat owner Micky Arison arrives for the NBA labor negotiations in New York

Miami Heat owner casts protest vote against new CBA


Micky Arison was supposed to be one of he doves. He took a $500,000 fine for tweeting he was not one of the hardline owners.

He was one of the owners who wanted to make a deal and get back to basketball. Or so we thought. Then comes this note:

Heat owner Micky Arison is revealing that he cast a ballot against passing the NBA’s new collective bargaining agreement.

Arison says it was “a protest vote” primarily in response to the way revenue-sharing components of the deal will be structured….

Arison declined to say if he would have cast the “no” vote if the CBA wasn’t already assured of passage. Enough votes to pass were already secured by the time Miami made its selection.

So Arison and Mavs owner Mark Cuban are two of the 5 no votes. Big market owners whose teams played in the finals. Interesting.

Thanks to lockout, Heat owner has a lot of LeBron’s money

T-Mobile Magenta Carpet At The NBA All-Star Game - Arrivals

Sometimes, you really wonder about the people who advise LeBron James. And Dwyane Wade and Chris Bosh, in this case.

Let’s take a step back. Remember how earlier today we passed along information about the Heat’s Mike Miller selling his Miami area home, and how that is a sign he (and everyone else) thinks the amnesty clause will be used on him once the lockout ends? Well, Brian Windhorst tells the same story over at ESPN.

But he adds this fascinating detail.

Heat owner Micky Arison is worth more than $4 billion and his sitting on a massive lump of money from thousands of season ticket holders who’ve paid in full. Not to mention he didn’t have to pay LeBron James, Dwyane Wade and Chris Bosh their July balloon payments. James, sources said, was owed a $12 million check in July as part of his contract that allowed him to get 80 percent of his annual salary up front. That cash is still sitting in the Heat’s coffers. Yet the Heat’s employees are all swallowing 25 percent paycuts right now because of the lockout. We infer from this exactly what Arison has proven for years: he’s a businessman not just a billionaire.

Everyone — even the most optimistic people in the league — knew there was going to be a lockout and it was going to last through the summer. (The optimists thought no games would be lost.)

So how did anyone approve a July 1 balloon payment that wouldn’t be made for months, at best? The league had been telling players to space out their payments from last season (if your contract had the team paying you for last season into the summer, that was fine, it is payment for services delivered). But the big three went with the big balloon payments.

How u, Miami?

David Stern spins Micky Arison fine, talks lockout

NBA Commissioner Stern holds a news conference before Game 1 of the NBA Finals basketball series between the Dallas Mavericks and the Miami Heat in Miami

David Stern — at the urging of other owners — fined Heat owner Micky Arison a whopping $500,000 (reportedly) for breaking the veneer of a unified ownership front. Arison tweeted that he’s not the owner you should be blaming for the lockout.

And now, here comes he spin, from David Stern, who spoke with Howard Beck of the New York Times.

“He believes his tweets were taken out of context and understands our concern about them,” Stern said Tuesday in a telephone interview. “And he’s very much on board with the other 29 owners about the deal that we want.”

If fans and commentators view Arison’s words as a declaration of self-interest, an attempt to distance himself from the more hawkish factions, Stern said he understood it. Arison himself conceded “that it might have had that impression,” Stern said, “but he didn’t intend it to.”

Right. I’m sure Arison doesn’t “intend” to only put beautiful young people in his ads for Carnival Cruise Lines, it just sometimes leaves that impression.

Both the owners and the players are showing cracks in solidarity. Neither is totally unified. Both are straining under the pressure of lost games. Not enough to sit down and actually talk to one another, but there is a strain.

Also in the interview, Stern said he has had no side deals or conversations with Derek Fisher.

Finally, he said the divide among owners was whether to leave their last 50/50 BBRI split on the table or to pull it back and reduce it. That’s the offer that the players rejected, and the statement is vintage Stern spin.