During the prior NBA basketball season the New York Knicks were the most disappointing team in the league. They had spent the prior off-season bringing in a number of high profile players, including Derrick Rose. While the team looked like they could compete for a playoff spot, they quickly faltered and fell out of playoff contention early in the year. Due to the poor season, it appears that the Knicks are now finally looking to rebuild their entire team. They have already made a number of big moves and are looking to trade away their star player.
For the past five years, the Knicks have been led by forward Carmelo Anthony. Anthony has always been considered one of the most talented players in the league but has not been able to get the Knicks over the hump. Anthony has a no trade clause in his contract which he previously was not willing to waive. However, at this point it appears that both the Knicks and Anthony are willing to approve some select trades. According to recent reports, the Knicks are in talks with the Houston rockets to send Anthony there immediately (https://www.cbssports.com/nba/news/report-carmelo-anthony-uninterested-in-returning-to-knicks-requests-rockets-trade/). This could be a good move for all parties involved.
If Anthony is traded to Houston, the team could soon be one of the most competitive in the league. The Rockets were already one of the most explosive teams last season and recently signed point guard Chris Paul. If they are able to get Anthony as well, the offense sure to be very hard to stop.
While it will be good for the Rockets and Anthony, it could also be a good move for the Knicks. The team will likely now look to clear space and make a move to be a younger team. With a number of young talented players and high picks, they could be more competitive in the near future.
Heading into the 2016-17 NBA season, one of the most interesting stories in the league revolved around the New York Knicks. The Knicks had a very active offseason, which saw them trade for Derrick Rose and Joakim Noah from the Chicago Bulls. The trade made the Knicks one of the hardest teams in the league to predict as they clearly have a lot of talent, but could be prone to injuries.
While the Knicks started off hot, including winning five games in a row at one point, they have seemed to have slowed down a lot. The Knicks are currently three spots and 2.5 games out of the Eastern Conference Playoffs and have had a lot of issues with both performance and locker room issues.
Over the past month, the Knicks have had to deal with off the court issues with both Derrick Rose and Carmelo Anthony. Prior to a game a couple weeks ago, the Knicks announced that Rose had not reported to the game. At first it was not clear where Rose was, but it was eventually revealed that he had returned home to Chicago to spend time with his family. Rose, who is nearing the end of his current contract, even stated that he was considering leaving the game entirely. Rose ultimately returned to the Knicks and has played well since coming back.
Anthony, who has been with the Knicks for several years, has continued to be one of the best players in the league and the top scorer on the Knicks. However, due to the continued losing, many have speculated that Anthony may accept a trade. Anthony has reportedly had several conversations with back office personnel and may be open to accepting a trade to a number of competing teams across the league.
While the Knicks have had some issues in recent weeks, they do appear to be turning things around. On Monday night, they had a game against the playoff-bound Indiana Pacers. The Knicks played a tough and strong game and ultimately were able to win the game by 6 points.
Bruce Levenson has hired Bankers in order to sell the Atlanta Hawks. The price that they predicted the Atlanta Hawks to be sold for was off by nearly 30%. The Atlanta Hawks now has new owners.
A few months ago, Goldman Sachs and Inner Circle Sports were contacted to discuss the idea of selling the Atlanta Hawks. During the deal, Levenson was convinced that he would gain more than $1 billion for selling the team as well as the rights of operation. However, the actual price turned out to be $730 million when the final auction was held.
Levenson was not the only person to believe that $1 billion was attainable. As a matter of fact, the final price was somewhat close. Three experts have predicted the Atlanta Hawks to sell for $900 million in the least, but it was the economist Andrew Zimbalist who rightly predicted a $700 million to $750 million price range for selling the Hawks. http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/
The one thing that is certain is that Levenson is going to profit greatly from the bid. There is some overselling of that has left some money out due to the discouragement of other bidders. Either way, a large profit was made from the auction.
It is not uncommon for price prediction to be off. No one really knows how much a team is going to sell for when the auction is held. However, with the best education and skills, it is possible to name a range that includes the final price.
In a report by PR News, the only thing that remains to be seen is what this means for the Atlanta Hawks. Now that they are under new ownership, this means that certain changes are likely to be made as it relates to how the team is run. The changes could be minor or major.