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When Larry Brown was fired after the Knicks' dreadful 2005-06 season, a battle began over how much of the remaining four-year, $41 million contract he would get. NBA Commissioner David Stern decided on a settlement in late October, and he hoped it would remain secret. But he didn't count on Cablevision's third-quarter filing to the Securities and Exchange Commission. In the end, the Knicks will pay Brown $18.5 million in addition to the $10 million he was paid for the season of work.
On the one hand, this could seem unfair to Brown. He was fired with a guaranteed contract. The Knicks chose to part ways; shouldn't they have to pay him? On the other side is the Knicks' argument that Brown violated his contract by talking to the media and undermining Isiah Thomas on trades. As the Times points out, that Brown got less than half of what was on the contract suggests Stern liked the Knicks' arguments. One thing's for sure, the $1.24 million that Brown got per win doesn't put him in the poor house.
Photo by Adam Pantozzi via Tozzer.net
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Man they know how to waste money.
In this week's NY Mag, the article states that they are paying $41 M to players no longer on the team.
Hope they're not intending to get Holiday gifts for everyone on the team!
This proves the false economy of pro sports.
There is no reason to give these obscene amounts of money for people who are involved in what is basically a children's game while police officers, fire fighters and teachers get paid far less than they deserve.
It also proves how mismanaged Cablevision is.
If they want to build a new MSG, buy the land on the open market and build it with their own money.
I'm confused... You claim he had $41 mil left on his contract, and they will give him 18.5 plus the 10 from last year, so that implies his contract was $51 mil for 5 years, and he's getting 28.5 total. How is this "less than half". Am I missing something, or are your numbers off?
(Not trying to be a dick - just trying to understand the numbers)
All sports are a waste of money that could be well spent in other areas. If sports did not exist, would anyone really care of their lives be disturbed? That void can easily be filled with less extravagant measures.
toby, msg is a commercial venture. yes the cops etc deserve more cash but you don't sell tickets to pay their salaries. it's a free market and as long as some asshole is willing to pay to see a losing team the players should get as much as they can, supply and demand rules apply. and yes, msg should have to buy the land and build the garden, without tax breaks which they currently enjoy.
larry should have gotten every dime on his contract plus 10% asshole tax for just having sit across from crackhead dolan and his house nigger thomas.
i believe the "less than half" refers to the $18.5 million that he's getting as a buyout.
Re: selltheteam
Yes, MSG is a commercial venture, but they get all sorts of sweetheart tax breaks and want to relive the mistake of building a damn arena ontop of Penn Station again. They really need to give something of real value back and pay their fair share.
Gotta love pro sports -- stick as much as possible to as many loser jerks as possible for as long as possible. Oh, and hose even non-fans via tax increases (to build stadiums that no one can afford to go into) and other bullshit. Does anybody realize that the franchises truly don't give a flying you-know-what about their "fans" other than to what extent they can convince them to continue to feed their hard-earned dollars into paying Larry Brown a trillion dollars to win one-third of the games played? Invent third jerseys to sell more hats, sell more shirts, sell more whatever. Sell, sell, sell. Who cares? The teams and players sure don't. Why should anyone else?