Now that the NBA Draft is over and the lockout appears to be an almost certainty, the NBA will be fading off into no-mans land. There will be no free agency signings, no trades, and no schedule release because a Collective Bargaining Agreement is needed to facilitate those events.
As with the NFL lockout, any news being reported relevant to the sport of basketball will be in the form of legal maneuvering and tactics. I think I speak for all the fans when I say that the players and owners need to get a deal done. The fans are the ones who will truly suffer the most from a work stoppage.
However, if there is a lockout, maybe we will get to see another commercial like this:
Via Gabe Feldman’s twitter account, the Director of Tulane Sports Law Program who is an excellent person to follow.
(An actual page from the motion for summary judgment)
Mark Cuban is very proud of the fact that the Dallas Mavericks are World Champions. He has run up a bar tab of several hundred thousand dollars. He picked up the bill for the victory parade. Now, he is even using it as a legal defense in court.
Courtesy of DallasObserver.com, Ross Perot Jr., the son of the former presidential candidate and a five percent owner of the Mavericks, is suing Mark Cuban. Perot’s partnership (Hillwood Center Partnership) used to own the majority of the Mavericks but sold to Cuban 11 years ago. Perot claims that Cuban has made a “litany of questionable, business, financial, and personal decisions.” Further, he claims that Cuban’s “careless and reckless” decision-making has caused the Mavericks to become “insolvent and/or in imminent danger of becoming insolvent.” Perot essentially wants the court to kick Cuban out of control of the franchise.
In response to these allegations, Tom Melsheimer, Cuban’s attorney, submitted into evidence the document you see above as proof that Cuban is anything but a bad owner.
My favorite part in the entire brief is on the final page (shown below) where Cuban’s attorney is asking the court for a ruling in their favor. They additionally ask for further relief to which they are entitled; however, it contains the following parenthetical: Continue reading
Ricky Rubio, who was drafted 5th overall by Minnesota in 2009, just recently signed a contract to play for the Timberwolves.
With the prospect of many international players being drafted in the 2011 NBA draft, I thought it would be useful to understand why some teams draft international players but do not sign them to contracts immediately. International players almost always play for another professional team whenever they are drafted by NBA teams. This fact sometimes causes snags in the process of bringing the international player to North America to play in the National Basketball Association. When these issues arise, a number of teams employ what is sometimes referred to as the “draft-and-stash” approach.
There are three main reasons for this strategy: 1) contractual issues; 2) developmental reasons; and 3) roster space. It is common for all three reasons to play into a team’s decision to “draft-and-stash.”
Because nearly all international players play for other professional teams when they are drafted, some contractual issues arise. Many player contracts, whether in the NBA or other professional leagues, are signed for multiple years. Just like teams are not allowed to skip out on paying a player’s salary, a player cannot leave the team and go play for another team (that would be a breach of contract). Therefore, international players commonly have a contractual obligation to their current professional teams. In order to get out of the contract, the player has to pay a “buyout.”
I am very lucky to have a great father. I would not be where I am today without the lessons he has taught me throughout my life. He is the one from whom I earned my PhD. However, in Marlow, Oklahoma PhD stands for “Post Hole Digging.” This is an art in which my dad ensured I was fully skilled. To honor my father on this day, I will share with you the most memorable piece of advice my dad ever gave me:
“Son, before you choose a girl to marry, see what her mom looks like. That’s what she will look like in 30 years.”
Thanks for all you have done and continue to do, William Hines.
— Your son