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There have now been 25 change-of-control sales since 2010; the Hornets, Bucks, Lakers, and Timberwolves were each sold twice during that period. Just since 2020, there have been 11 change-of-control sales with a combined value of $54.1 billion. One reason for the spate may simply be that the league is in a “period of rapid transition in prices, so there is a lot of uncertainty,” according to Holy Cross sports economist Victor Matheson. “If we were in a world where everyone just ‘knew’ that a fair price for an NBA franchise was, say, $5 billion, no one really ever feels like they were ripped off or got taken advantage of,” he tells Front Office Sports. “The large number of sales may not be due to some sort of dissatisfaction with your situation, but rather just that the high price makes it hard not to cash out.”
The College of the Holy Cross honored all-time great Bob Cousy by naming its home court in his honor Saturday in Worcester. The floor inside the Hart Center at the Luth Athletic Complex is now officially Bob Cousy ’50 Court – a nod to the 1947 NCAA national champion who went on to win six titles with the Celtics.
The College of the Holy Cross will officially dedicate the court at the Hart Center Arena at the Luth Athletic Complex in honor of one of the most iconic individuals in Holy Cross and basketball history: Bob Cousy. Beginning later this season — as the College celebrates the 125th anniversary of men's basketball at Holy Cross — the court will be permanently known as Bob Cousy '50 Court, thanks to a generous gift made in Cousy's honor.
A statue in honor of Boston Celtics and Holy Cross great Bob Cousy was unveiled Friday outside the DCU Center. The 92-year-old hall-of-fame point guard was in attendance for the 2 p.m. ceremony, along with Massachusetts Gov. Charlie Baker, Worcester Mayor Joseph Petty, Celtics owners Wyc Grousbeck and Steve Pagliuca. Mike Gorman, the voice of the Celtics and Cousy's former broadcast partner, emceed the outdoor event.
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Former Boston Celtics and Holy Cross great Bob Cousy is getting his own statue in Worcester. The statue outside the DCU Center is scheduled to be unveiled Friday. The now 92-year-old Cousy, who has called Worcester home for more than 70 years, is expected to attend.
Cousy went to the White House last summer and received the Presidential Medal of Freedom, America’s highest civilian award, from President Trump. He is one of three Holy Cross grads to receive the honor. One of the others is Dr. Anthony Fauci, who is currently in Trump’s doghouse. “Dr. Fauci is my hero,” said Cousy. “I had dinner with him when he gave a speech for one of my teammates many years ago and I have been bragging on him since then. I’ve noticed that our president has turned on him. That was inevitable. Tony has taken the cautious approach all along, but I think he’s a hell of a guy. He’s an honorable man and he’s conducted himself honorably. He’s simply told the truth as he sees it.”
Bob Cousy is glad that his fellow Holy Cross graduate and Presidential Medal of Freedom recipient, Dr. Anthony Fauci, is finally receiving some well-earned recognition for a job well done, but unfortunately it took a pandemic for it to happen.
Three years ago, Dodgers owner Frank McCourt outlined a $500 million project around the stadium that would include parking structures, a Dodgers museum and a plaza behind center field with year-round shops and restaurants. Such a sweeping project could add more revenue streams for the future owners and potentially raise the price of the team. "As a comparison, the Chicago Cubs went for $845 million two years ago, and I think most people looking at the revenue streams between the Dodgers and Cubs would have them being pretty comparable," said Victor Matheson, a sports economist and an associate professor of economics at the College of the Holy Cross in Worcester, Mass. "It's probably more in favor of the Dodgers because they have such a huge area that could also be redeveloped. The Cubs' deal includes Wrigley Field, but that's tied into the city grid there so there's only so much you can do. The Dodgers really do have space there for other projects."
Television is where a real financial benefit can be discovered, according to Robert Baumann, an associate professor of economics at College of the Holy Cross. The Knicks rank fourth in the NBA in number of household viewers per game (115,000), but their 1.5 ratings on MSG Network don’t even rank in the top five. Still, Baumann claimed they should hold a greater ability to sell advertising space for a higher price. “My hunch is that revenue makes acquiring Carmelo profitable, even if he signs the extension,” wrote Baumann. To complete the trade, Anthony signed a three-year, $65 million extension that will begin with the ‘12-13 season. His salary for the balance of this season is $5.1 million, and he will pick up the $18.5 million in his contract for the ‘11-12 campaign, bringing his total future earnings as a Knick to $88.6 million.