Portland JailBlazers may start looking for a new home
Blazers see sale negotiations as hopeless
Well, the struggles of the Portland Trailblazers continue. The uber-wealthy Microsoft dude Paul Allen owns the worst franchise in the NBA. Allen is trying to find a way to sell the team and the Rose Garden, controlled by those who financed the arena, together to make the franchise more attractive.
How does this effect KC and the Sprint Center? Well...
Brimmer declined to specify what those possibilities might be, but Vulcan has not ruled out selling the team, moving it or putting it in bankruptcy.
Allen has said he has lost hundreds of millions of dollars on the Trail Blazers as player payrolls ballooned in his quest for a championship. Meanwhile, with attendance at an all-time low since the move to the Rose Garden, and receiving no money from luxury box contracts, permanent signage in the building, and concerts -- which all go to the Rose Garden owners -- the team is expected to lose more than $100 million in the next three years.
Isn't Paul Allen losing $100M like you and I losing $100 bucks? And, c'mon, he spent hundreds of millions of dollars on MISGUIDED contracts for awful players. I think the 'Blazers were the only franchise that thought hundreds of millions of dollars to Zach Randolph or Darius Miles would improve their "quest for the championship".
Allen previously owned the Rose Garden but complained of the debt payments on the construction loans and turned over ownership to lenders in 2005.
The funny thing about this whole situation is that Allen OWNED the Rose Garden, operated it and his franchise so poorly that his arena management company filed for bankruptcy, renegotiated the lease with the lenders, signed the lease and now he's whining that the lease HE renegotiated isn't fair. Oh, the plight of the super rich.
Allen and Stern have both said they would like the team's future settled before the June 28 draft.
Because starting July 1 they will begin negotiations with AEG to move to Kansas City's Sprint Center in 2007 perhaps?
What would Kansas City fans do with one of the worst baseball teams and one of the worst NBA franchises in the same city? At least the Pittsburgh Penguins have some hope for future success with Sidney Crosby, Evgeny Malkin and Marc-Andre Fleury.
I don't think the Blazers are improving anytime soon. There is no LeBron James in the 2006 NBA draft. Tyrus Thomas, LaMarcus Aldridge and Adam Morrison are nice players, but none are going to turn a franchise around in two seasons.