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07/09/2010 -
NEW YORK (AP) - Now that LeBron James has decided to play basketball in Miami, shares of Madison Square Garden Inc., owner of the New York Knicks, have gone south as well.
Madison Square Garden shares had risen as much as 11 percent this month as a nationwide fervor mounted over what team the superstar free agent would pick.
The two-time league MVP's announcement Thursday in an hourlong ESPN special that he'd leave Cleveland to play in Miami instead of New York, Chicago, New Jersey or any other bidding team's cities sent the company's stock down 94 cents, or 4.6 percent, to close Friday at $19.44.
That was below the low reached two trading days before the start of the free agency shopping spree began on July 1. The shares had hit a two-week high on Wednesday of $21.91.
But all hope is not lost for the Knicks or its owner, says Gabelli & Co. analyst Christopher Marangi.
Right after James' announcement, the once-hopeful Knicks made some last-minute swaps that should still improve the team and its owner's financial prospects, he said.
The Knicks traded productive center David Lee to the Golden State Warriors for forwards Anthony Randolph, Kelenna Azubuike and Ronny Turiaf. The move means the team won't have to pay Lee a big salary, giving it salary cap room to make additional moves this season.
Also, the team will save millions of dollars on a luxury tax that would have been imposed had it signed James and boosted its payroll higher, he said.
``While the Knicks won't get instantly better, the Knicks without LeBron James should improve,'' Marangi said.
He noted that the Knicks finally loosened the purse strings by acquiring Amare Stoudemire from Phoenix and have the financial wherewithal to make other moves this season that could improve its performance on the court.
``Earnings should go up as a result,'' he said.
The Knicks have posted nine straight losing seasons, a franchise record, in part because they gutted their roster to free up money for a player like James.
The Knicks entered the free agency shopping spree with the most salary cap room in the league with $34.1 million - enough for two players earning the maximum salary, with about half for each. After picking up Stoudemire, it still had $17 million to spend on James. That money can now be used elsewhere.
``We are disappointed that LeBron James did not pick the New York Knicks, but we respect his decision,'' Knicks president Donnie Walsh said late Thursday.
The bitterly disappointed owner of the Cleveland Cavaliers owner Dan Gilbert ripped James in an open letter on the team's website.
``The self-declared former 'King' will be taking the 'curse' with him down south,'' he wrote.
Marangi had estimated signing James could have boosted earnings before interest, taxes, depreciation and amortization by $30 million to $50 million per year. The company would have benefited from increases in the MSG television network's advertising revenue, attendance at games, and concession and merchandise sales.
Now James takes some of that financial heat down to Miami and team owner billionaire Micky Arison, the CEO of cruise company Carnival Corp., which operates its namesake, Holland America, Princess and other cruise lines.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
<< Flyers sign RW Zherdev
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Flyers signed free agent
right winger Nikolai Zherdev to a one-year contract on Friday.
Zherdev played five seasons in the NHL, four with the Columbus Blue Jackets
and one with the
<< Ducks send D Eminger to Rangers
Anaheim, CA (Sportsbook Betting Lines) - The Anaheim Ducks have acquired forwards Aaron
Voros and Ryan Hillier from the New York Rangers in exchange for nomadic
defenseman Steve Eminger.
Voros registered three goals and four assists in 41 game
<< Rain stops U.S. Women's Open
Oakmont, PA (Sportsbook Betting Lines) - Heavy rainfall and lightning in the area forced
the suspension of Friday's second-round play at the U.S. Women's Open at
Oakmont.
Sophie Gustafson birdied the first hole, her only hole on Friday, to move in
fr
<< Raiders ink two from draft class
Oakland, CA (Sportsbook Betting Lines) - The Oakland Raiders have signed offensive
linemen Jared Veldheer and Bruce Campbell, two members of the team's 2010
draft class.
Veldheer, taken 69th overall in the third round, started 46 games
Rangers reportedly land Lee; PC scheduled >>
Arlington, TX (Sportsbook Betting Lines) - The Texas Rangers are holding a press
conference at 6 pm (et) to make a major announcement.
According to multiple sources, including Evan Grant, who covers the team for
the Dallas Morning News, the
Rangers emerge as winner of Lee sweepstakes >>
Arlington, TX (Sportsbook Betting Lines) - The Texas Rangers have acquired highly
sought-after pitcher Cliff Lee, along with pitcher Mark Lowe and cash
considerations, from the Seattle Mariners in exchange for first baseman Justin
Smoak and three minor
White Sox lose Peavy for season >>
Chicago, IL (Sportsbook Betting Lines) - The Chicago White Sox will be without the
services of Jake Peavy for the rest of the season after the right-hander
announced Friday he will undergo surgery.
Peavy has a detached latissimus dorsi m
David Lee on his way to Warriors in sign-and-trade >>
Oakland, CA (Sportsbook Betting Lines) - The Golden State Warriors have acquired
forward/center David Lee in a sign-and-trade with the New York Knicks.
The Warriors sent forwards Kelenna Azubuike, Anthony Randolph and Ronny Turiaf
and a 2012 s
My fellow Americans, as tempting as it may be to don the coat and HD-ready tie in order to deliver this State of the Game address before the cameras, I know better. As Brad Paisley sings on his latest album, "I'm so much cooler online."
The ideas for this annual essay to kick off the MySportsbook.com college football betting preview flowed like frat-house beer, which is to say they were cheap and spilled all over the floor. The 2007 season will be better than 2007, if only because there will be more of it. A year ago, the NCAA Football Rules Committee made two rule changes in the interest of speeding up the game. These changes went over like Kobe burgers at a vegan banquet.
To its credit, the rules committee rectified its mistakes. This season the clock once again will start when a kickoff is received, rather than when it is kicked, and the clock will not start so quickly on a change of possession.
However, kickoffs have been moved back five yards, to the 30, which will force more returns. (Thus forcing the clock to run. Clever, huh?) Special teams might decide a lot of games, because coaching strategy will come straight out of another new Paisley lyric (almost), I'd like to check you for kicks.
Paisley sings with a twang, which is why he's appropriate for this college football season. The sun coming up over the 2007 college football betting lines season rises from the south. It's a Southern football world. As the Southeastern Conference begins its 75th year, the power shift is noticeable.
Eight-figure budgets, glamorous settings -- and that's just for the head coaches. The SEC has four coaches who have won national championships -- the greatest aggregation of coaching know-how since Eddie Robinson dined alone.
Steve Spurrier, Phil Fulmer, Nick Saban and Urban Meyer have given lie to the idea that a conference championship game is too daunting a hurdle on the road to No. 1. In six of the past 10 seasons, the national champions played and won a conference championship game -- three of the six (Tennessee, 1998; LSU, 2003; Florida, 2007) from the SEC.
There will be more of the same this season, if the preseason prognostications are correct. Six SEC teams are in the preseason coaches' poll, more than from any other conference. Only one conference has talent so deep that a team with 15 returning starters, including the best quarterback in the league, from an eight-win season is considered an afterthought. That may speak more to Kentucky's losing legacy than to the wisdom of the predictions, but there you have it. And seriously, keep an eye on Wildcats QB Andre' Woodson.
The reach of the South extends all the way to No. 1. Take a look at the team that is a consensus pick to win the national championship. The quarterback is from Shreveport. The best wide receiver is from Nashville. The top recruit is from New Orleans.
So what's the campus doing in Los Angeles? Hey, it is the University of Southern California.
USC lost two Pacific-10 Conference games a year ago, the first time that had happened in five seasons, and university officials withstood the urge to form blue-ribbon panels to unearth the cause of such a disaster. Instead, the Trojans gathered themselves and routed Michigan, 32-18, in the Rose Bowl.
USC's losses at Oregon State and at UCLA last year should have given pause to those who question the Pac-10's football prowess (such as, without naming names, L.M. from Baton Rouge). The league only got deeper this season; Dennis Erickson is taking over an Arizona State team that never quite got out of its own way under his predecessor, Dirk Koetter.
Erickson will resume his quest to become the first coach to win a national championship at two schools. Both he and Spurrier, now in his third season at South Carolina, returned to college football at schools with lower profiles than where they won their titles.
That isn't the case for the third coach looking for the national championship double. You may have missed this, but NASA reported the astronauts on the space shuttle last spring made contact with what can only be described as beings from another galaxy.
The leader of the aliens said, "We come in peace," followed by, "So how do you think Nick Saban will do at Alabama?"
The public is reacting to the new Crimson Tide coach as if he is the Barry Bonds of college football -- beloved at home for what his fans believe he is going to do, hated on the road for his intimidating attitude and for what his detractors believe he did (bend NCAA recruiting rules). I made this comparison from the dais at a charity dinner in Mobile, Ala., last month, and the chill that washed over me didn't come from the air conditioning.
Saban will attempt to prove that he can remake in Tuscaloosa what he built in Baton Rouge, much like another member of the national championship fraternity. Bobby Bowden is attempting to remake at Florida State what he built at, um, Florida State. Bowden rebuilt his offensive staff, bringing in four new coaches led by Saban's former offensive coordinator, Jimbo Fisher, to jump-start an offense that has been dead for a couple of years.
The Atlantic Coast Conference is expected to show new signs of life, too. That is said with no disrespect toward last season's champion, Wake Forest, which provided one of the best story lines of 2007. The Demon Deacons begin this season in their customary position, overshadowed by the Virginia Techs, Miamis and Florida States.
It's not that Wake will find it difficult to duplicate its success in 2007 as much as the feeling that success engendered. Surprising success is the narcotic of sport. It never feels quite so euphoric the next time. Big East commissioner Mike Tranghese has figured this out. He refers to 2007, when a league looked down upon by fans and foes alike took three undefeated teams into November, as "Cinderella."
The fairy tale may be over, but the Big East has four genuine Heisman Trophy candidates in Louisville quarterback Brian Brohm, West Virginia tailback Steve Slaton and quarterback Pat White, and Rutgers tailback Ray Rice. Rutgers, as did Wake Forest and, of course, Boise State, proved last season that the have-nots in college football occasionally have quite a lot.
The Broncos' rousing 43-42 overtime victory over Oklahoma in the Fiesta Bowl has raised the profile of all schools in conferences that don't get automatic BCS bids. This season, TCU and Hawaii are the preseason favorites to burst through the BCS doors and earn an at-large bid. The Warriors return 14 starters from an 11-3 team, including quarterback Colt Brennan.
Brennan not only broke the single-season record with 58 touchdown passes in 2007, but he also led Division I-A in passing efficiency (186.0). The senior is expected to contend for the Heisman Trophy, and neither his success nor the rise of his team should come as any surprise in the 2007 season.
After all, Hawaii is the southernmost team in the country.
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It’s time to see how the biggest NFL free agent signings will perform for their news teams. Some will work out and could be the difference that makes a difference in the win column.
We look at the best off-season signings and if they should influence your NFL betting this season. Julius Peppers – Peppers was the biggest prize available on the 2010 NFL free agent market and the Chicago Bears opened the bank to bring his talents to the south side.
Peppers is explosive, he can get around blockers and cause quarterbacks to lose their minds. We all remember the classic Peppers game last year against the Vikings where he hounded Brett Favre into his worst game of the season. Peppers joining the Bears could be the reason Favre retired for good Tuesday morning. In addition to Peppers, the Bears added Chester Taylor to back up Matt Forte, Forte didn’t have the same intensity in 2009 compared to 2008 and bringing in Taylor will challenge Forte to bring it every game or he’ll risk losing carries to Taylor.
Betting on the Bears is a good option this season because of Julius Peppers and to a lesser extent Taylor. Antonio Bryant and Terrell Owens – The Cincinnati Bengals signed two former number one wide receivers to line up with Chad Ocho Cinco. Antonio Bryant had a huge season in 2008 catching 83 passes for over 1200 yards but regressed last season. Playing for the Tampa Bay Bucs last season was a large part of the regression, everyone was bad in TB last season.
Bryant should have a bounce back season if he can win the number two spot from Terrell Owens. If Bryant wins the number 2 WR spot, it will open up a completely new set of problems for the Bengals. If Owens is forced to the bench in favor of Bryant, his attitude will create trouble for Carson Palmer and head coach Marv Lewis. If Owens is the number two receiver, it means Bryant can’t live up to his past numbers and the Bengals are still limited in the passing game. NFL bettors should be wary of laying their money down on what could potentially be the biggest gong show in the league in 2010. 2010 football betting lines for this can be found at this top online sportsbook. Karlos Danby – The Miami Dolphins have a great running back tandem in Ricky Williams and Ronnie Brown, a good young QB in Chad Henne and now the Bill Parcells regime is building a solid defense.
NFL bettors should be wary of laying their money down on what could potentially be the biggest gong show in the league in 2010. Karlos Danby – The Miami Dolphins have a great running back tandem in Ricky Williams and Ronnie Brown, a good young QB in Chad Henne and now the Bill Parcells regime is building a solid defense. They signed away the Arizona Cardinals top linebacker Karlos Danby. In the past two seasons, Danby has totaled 228 tackles, 5 sacks, 3 interceptions and 3 forced fumbles. The Dolphins are the forgotten team of the AFC East with the second longest odds to win the division but with the addition of Karlos Danby and a trade for WR Brandon Marshall makes the Miami Dolphins legitimate contenders in the AFC East and in the NFL’s Eastern Conference.
The Dolphins will make NFL wagering fans a lot of money this season, get in early and enjoy the cash.
To visit this sportsbook go to MySportsbook.com for all your college football betting needs.
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