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07/15/2010 - Oakland, CA (Sportsbook Betting Lines) - The Golden State Warriors have been sold to Joseph Lacob for a record price of $450 million, according to a report Thursday from the Oakland Tribune.
Chris Cohan, who had owned the team since 1995, accepted the bid from the group headed by Lacob, currently part owner of the Boston Celtics. The price exceeds the $401 million Robert Sarver needed to buy the Phoenix Suns back in 2004.
The deal still must be approved by the NBA and its board of governors.
The Warriors were a disappointing 26-56 last season, finishing with the third worst record in the Western Conference.
<< Ex-Bearcats coach Minter among five new Indiana State assistants
Terre Haute, IN (Sportsbook Betting Lines) - Former University of Cincinnati football
coach Rick Minter has joined third-year Indiana State coach Trent Miles' staff
as one of five new assistants.
The 55-year-old Minter was named linebackers coach. In
<< Miller joins Heat
Miami, FL (Sportsbook Betting Lines) - Mike Miller has become the latest player to join
the Miami Heat.
Miller said the transaction was official on his personal website.
"It's official," Miller tweeted. "Thanks to the Miami Heat organization, Mr.
<< Red Wings re-sign D Meech
Detroit, MI (Sportsbook Betting Lines) - The Detroit Red Wings re-signed defenseman
Derek Meech to a one-year contract on Thursday. Financial terms of the deal
were not disclosed.
Meech appeared in 49 games last season for Detroit and logge
<< Nuggets re-sign Carter, add Shelden Williams
Denver, CO (Sportsbook Betting Lines) - The Denver Nuggets brought back guard Anthony
Carter on Thursday and also added free agent forward/center Shelden Williams.
The 35-year-old Carter posted 3.3 points and 3.0 assists per contest in 54
games
Hurricanes to retire Brind'Amour's number >>
Raleigh, NC (Sportsbook Betting Lines) - Rod Brind'Amour will have his No. 17 jersey
retired by the Carolina Hurricanes prior to a February 18, 2011 contest
against the Philadelphia flyers.
Brind'Amour announced his retirement after a 20
Davydenko ousted in Stuttgart >>
Stuttgart, Germany (Sportsbook Betting Lines) - Top-seeded Nikolay Davydenko came up a
second-round loser Thursday at the Mercedes Cup tennis event.
Spaniard Daniel Gimeno-Traver upended the speedy world No. 6 Russian star in
7-6 (9-7), 2-6, 6-1
Nets ink first-round picks Favors, James >>
East Rutherford, NJ (Sportsbook Betting Lines) - The New Jersey Nets signed 2010 first-
round draft picks Derrick Favors and Damion James on Thursday.
The Nets selected Favors with the third overall pick after the 6-foot-10, 246-
pound forward aver
Blue Jackets re-sign Sestito >>
Columbus, OH (Sportsbook Betting Lines) - The Columbus Blue Jackets have re-signed
forward Tom Sestito to a one-year contract.
Financial terms of the two-way deal were not disclosed.
Sestito appeared in three games for the Blue Jackets last s
In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
To visit this sportsbook go to MySportsbook.com for all your college football betting needs.
Super Bowl XLIII isn't even a week old yet and oddsmakers have already released Super Bowl XLIV odds.
Despite the Pittsburgh Steelers winning Super Bowl 43, the New England Patriots are 8/1 favorites to win Super Bowl 44.
Bet Super Bowl XLIV Future Odds
With their 27-23 victory over the Arizona Cardinals in Super Bowl XLIII, the Steelers became the latest NFL champion. But believe it or not, oddsmakers from online sports book MySportsbook.com don't have the Steelers the favorites to win Super Bowl XLIV next season.
That honor belongs to the New England Patriots, who are 8/1 favorites to win despite not even qualify for the postseason in 2008. The Pats also have a major decision to make regarding what to do with Matt Cassel, who played well in Tom Brady's (knee surgery) absence last year but is also a free agent this offseason.
Ironically, the Steelers aren't even oddsmakers second choice to win Super Bowl 44, as the Dallas Cowboys are listed right behind the Patriots at 9/1 despite not making the playoffs themselves. Clearly oddsmakers think the public will hop back on the Cowboys' bandwagon considering the immense talent they have and the opening of a brand new stadium.
After Dallas, then comes Pittsburgh at 10/1, but they share those odds with the New York Giants, who won Super Bowl XLII. The Indianapolis Colts and San Diego Chargers round out the top six teams at 12/1, while the Baltimore Ravens (14/1), Tennessee Titans (16/1), Carolina Panthers (18/1) and Philadelphia Eagles (18/1) complete the top 10.
The NFC Champion Arizona Cardinals got no love from oddsmakers as they were established as a 30/1 long shot to win next year's Super Bowl. They share those same odds with the Chicago Bears and Tampa Bay Buccaneers – two teams that didn't even qualify for the postseason. Other long shots are the Kansas City Chiefs (100/1), Detroit Lions (100/1), St. Louis Rams (75/1) and Oakland Raiders (75/1).
To see a complete list of all the team's odds to win Super Bowl XLIV, check below.
NFL TEAM FUTURE ODDS TO WIN SUPER BOWL XLIV
New England Patriots 8/1
Dallas Cowboys 9/1
New York Giants 10/1
Pittsburgh Steelers 10/1
Indianapolis Colts 12/1
San Diego Chargers 12/1
Baltimore Ravens 14/1
Tennessee Titans 16/1
Carolina Panthers 18/1
Philadelphia Eagles 18/1
New Orleans Saints 20/1
Atlanta Falcons 25/1
Denver Broncos 25/1
Green Bay Packers 25/1
Jacksonville Jaguars 25/1
Minnesota Vikings 25/1
New York Jets 25/1
Arizona Cardinals 30/1
Chicago BearS 30/1
Tampa Bay Buccaneers 30/1
Buffalo Bills 35/1
Houston TexaNS 35/1
Miami Dolphins 35/1
Washington Redskins 35/1
Seattle SeahawkS 50/1
Cleveland Browns 55/1
Cincinnati Bengals 60/1
San Francisco 49ers 60/1
Oakland Raiders 75/1
St. Louis Rams 75/1
Detroit Lions 100/1
Kansas City Chiefs 100/1
Odds as of: 2/2/09
Bet Super Bowl XLIV Future Odds
To visit this online sportsbook go to MySportsbook.com for all your NFL football betting needs.
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