Re: Clarification! Please...
Quote:
Originally posted by DenverHornet
I am only responding to the comments and references on this board since I did not see or hear the press conference.
Should N.O. be concerned? Sounds like we MUST, repeat MUST, sell all club suites and finalize all 55 suite sales by April 8. Is that a correct interpretation of today's press conference.
Now, since most of the N.O. business community were in attendance, I would "hope" that we have a 100% probability of finishing the suite deals. I can appreciate given the deadline that some of the actual suite contracts have not been signed, typical legal delays!
Radio, TV and more sponsors signed on the "dotted line" are needed, ASAP, no later than April 8. How serious or "close" to signing these deals. Perhaps, these partners wanted to hear the position of the NBA before publicly committing.
Club Seats, guys I am VERY concerned about the cost and ability of the Hornets to sell approx. 1,000 seats priced, I believe, at $10,000! Can N.O. reach this goal?
Go Hornets, SELL, SELL, SELL....REAL deadline is April 8, 2002!
The club seats are about $4,000 but have a 3-5 year committment. I am not sure what the benchmarks are. Stern said the NBA would get with the owners to go over the benchmarks by Friday. He said club seats would be between 2000 and 2400 club seats. I am more worried about the radio/tv deals. However, Colangelo alluded to an extension if necessary, but I do not think anyone wants that.
Did Stern really say this?
Forgive me guys, as I did not catch the conference via webcast, but, when asked by a reporter to assess our chances of landing the team on a scale of 1 to 10, did Stern reply "5"?
I gotta agree with WCH on this one. I do not like the way this proverbial gun is being held to our heads. I mean, if we are sitting at 1700 club seats on April 8th, do we get rejected without regard to the amount of time we had to do all of this. I remember Memphis getting handled with kid gloves, being granted all kinds of time and consideration to get their act together. I guess I don't like being held to a more difficult standard under what are truly far more contentious circumstances.
Re: Did Stern really say this?
Quote:
Originally posted by akshun
Forgive me guys, as I did not catch the conference via webcast, but, when asked by a reporter to assess our chances of landing the team on a scale of 1 to 10, did Stern reply "5"?
I do not recall anything like that and that would be contradictory to his comments at the press conference.
Another question from akshun
Did Stern also say that the benchmarks would be refined and that Ray and George would receive an update thereof on Friday? I hate to make it seem like I'm looking for negatives, but I would have thought that there would be no refining of benchmarks. I fear that they may be revised upward.
Normally, I would view these same comments from anyone else as totally positive, but I think at least some of us on this board are aware of my extreme distrust of David Stern.