Tuesday, September 21

I hope the fans will give me the time to understand the situation, bring some positive changes and have faith that we will make the right decisions. We will put them first, and we will bring a winner back.

- Howard Schultz, March, 2000

Here are the decisions his organization made since the end of 2000:

Drafted Radmanovic and Bobby Simmons. Traded Simmons for Predrag Drobnjak.
Signed Calvin Booth to a 6-year deal.
Signed Ansu Sesay.
Drafted Peter Fehse.
Signed Jerome James to a 3-year deal.
Traded Vin Baker and Shammond Williams for Potapenko, Kenny Anderson, and Joe Forte.
Signed Rashard Lewis to a 7-year deal.
Traded Gary Payton and Desmond Mason for Allen, Murray, Kevin Ollie, and a 2003 1st-round pick.
Traded Kenny Anderson for Elden Campbell.
Traded Willie Green for Paccelis Morlende.
Drafted Collison and Ridnour.
Signed Antonio Daniels.
Traded Drobnjak for a 2nd-round pick.
Drafted Swift, David Young, and Andre Emmett. Traded Emmett to Memphis for a 2nd-round pick.
Traded Booth to Dallas for Fortson.

It’s now September, 2004. If you were looking at the odds on the wall at a Las Vegas sportsbook, you’d see the Sonics listed as one of the six worst teams in the NBA. In the five seasons Schultz has owned the Sonics, the team has finished 4th, 5th, 4th, 5th, and 4th in the Pacific Division. And now he’s apparently had enough.

You want a scary thought? Try this one on for size: If Ray Allen walks after this season, Seattle will have traded Desmond Mason and Gary Payton for Flip Murray.

Thanks, Howard.

Go Seahawks.

4 Comments:

I'm trying to figure out how much Schultz is going to make from this transaction, but I've reached an impasse at the value of the Seattle Storm. Here's what I know:

1. Schultz' investment team paid app. $250 million in the spring of 2000 to buy the Sonics and Storm.

2. Forbes magazine put the value of the Sonics at $196 million last year.

According to those numbers, Schultz is really going to take a bath on this deal. Normally, teams "lose" money every year while the franchise value skyrockets. Then, when they sell, the owner(s) can pocket hundreds of millions of dollars. However, in this case it appears that Howie is going to lose big-time. He owns 42% of the team, so on a loss of $60 million he loses about $25 million.

So I'm throwing it out there. Anyone know how much the Seattle Storm are worth?

By Blogger Pete Nussbaum, at 9/21/2004 12:54 PM  

If Ray Allen walks after this season, Seattle will have traded Desmond Mason and Gary Payton for Flip Murray.Luke Ridnour?

By Anonymous Anonymous, at 9/21/2004 8:26 PM  

Speaking as a graduate of the University of Oregon, I can say with confidence that I would be shocked if Luke Ridnour ever starts more than 50 games for the Sonics. He's too small, plays terrible defense, doesn't rebound, and generally only offers hustle and speed. I loved Ridnour in college, but of the 3 Ducks that went in the first round from that team (Freddie Jones, Luke Jackson, Ridnour), Ridnour is easily the least NBA-ready.

By Blogger Pete Nussbaum, at 9/22/2004 8:53 AM  

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