Current Video:Beyond the Box Score|
Rick Horrow goes beyond the box score to talk sports business and chats with Warriors co-owner Joe Lacob.
Automatically Generated Transcript (may not be 100% accurate)
I'm -- Carlin welcome to beyond the box score inside look at the business of sports. Today's guest is Golden State Warriors owner Joe -- of a lifelong sports fans like a once owned a minority share of the Boston Celtics before taking majority control of the Warriors. He would partner Peter -- purchased the team for record price. I recently sat down with lake up. At ORACLE Arena. She's -- -- -- and met in New Bedford mass and and when you were just a little kid -- like I'll try to play basketball did you ever think you gonna be minority owner and a of this of the Celtics and then. They control what vehicles that were here. Yes and we are more clairvoyant lady -- oh congratulations. Let's put this way I had no right thing. It took for the points that you the reasons you pointed out. But it was a dream and I think you have to dream. If you want to be successful in -- you wanna get what you know certain things to achieve. -- have the -- not to wear those dreams and you make those teams are real it's always it's the American way and some that from the time I was little kid growing about out of Boston. That's what I wondered how do you how would you describe for human cases as opposed. Well I think that if you -- -- -- it's been exciting you know a lot of -- course I think it's been enough. It's been interesting a lot of different ways of finding out things that he didn't know. And things that -- you know so but it then it's fantastic fantastic overall I've really enjoyed it and or. Like have you had a chance to begin to implement your longterm vision for the interest -- is. You know in certain. Aspects I think that's the case. Certainly in terms of you know style of play on the attitude locker room. Approach run organization in those things work culturally well implement complement -- but -- able. I'm still evaluating management that still evaluating the situation. And we'll -- yeah some changes and that's him. When you've got a lot of each used arena issues had at least in and that. Arena issues reissues. We don't we have a great arena. Actually we're very very happy here and that we have offense I think actually the best arena as you -- -- in terms of getting beauty. And we have probably the best things -- talked. A lot of people that. So we do have a situation where we've got six years seven years left Italy's. And so at some point you know -- probably look at whether this is the long term -- we wanna be or what we can do better but the truth of the matter is we're really happy with where that's not. That is not. -- Got it. Now for fan base. It's been in the playoffs once the last fifteen years 66. B yeah see you are aptly truthful I'm being truthful and what would you state. -- Well. I think that the fan base just needs to -- I care and you ownership group here but this is so very important to us. He put a good product on the floor and I support fifty million dollars fair fair price isn't very fair price I spent the last. Decade or longer looking at acquiring. Other sports teams and the truth of the matter is I think and what to look for. And I think what we have here is fantastic market there's a sports market in the country. Great fan base even though sixteen years as you right now. Not making it when it -- players once they should set and get our fans still show up so that. You look at all that you look at what the opportunity is going forward so I got to see yourself. This had an opportunity. You look at the price we paid. What this team actually makes the money. As it is and we haven't maximized and the opportunities. That are available to us so I think it was very fair price cheap. But fair price and we're very happy you are -- that would about entertaining you can't win every game but he certainly can entertain fans every game in. And you got a great partner Peter Guber whose who determine personally pictures Mandalay it's a pretty you're pretty contained. I think that's his -- -- Peters an amazing partners and great complementary part for me. Because he is all about entertainment. Fan experience. -- a lot of experts in sports motion pictures and other forms of entertainment. You know what -- Financial guy and build companies and venture capitalist. I know a lot about sports you put us through these two groups that it was together rather you've got a pretty interest in next and then you add in the other investors that we brought in to this. Ownership group and it frankly I think has -- the wrist ownership groups all of sports. One of the word -- acquisitions this offseason was David -- Golden State side of former all star big -- long term deal worth eighty million dollars. But considering December's free agent bonanza eighty million dollars paled in comparison to what other franchise pay for players. Let's go inside the numbers to see which five NBA teams. Spent the most money before this -- -- number five at Houston Rockets who shall not under four billion dollars. Instead of signing marquee games the Rockets eight card player -- cola and Kyle Lowry contract extensions. And -- Brad Miller to a salary cap friendly deal despite the moves Houston appears to be headed back to the lottery. Up exit to Chicago Bulls. -- a 107 million on Carlos Boozer Ronnie Brewer and Kyle Korver it's been money well spent as the Bulls had a commanding lead in the central division. Number three is the New York Knicks at a 125. Million. Knicks may have missed LeBron James Amare Stoudemire and Raymond Felton have turned out to be solace consolation prizes. New Yorkers continue to hold out hope for Carmelo Anthony. Coming in at number two Dallas Mavericks. That's still about a 135 million over the summer to reside Dirk Nowitzki and Brendan Haywood. It's no secret Mark Cuban has deep pockets and it never afraid to ante up for what -- -- And no surprises number one is the Miami Heat. In revamping their entire roster he committed three -- 85 million to the Big Three in addition management decided out -- has -- several other role players. Only time will tell if it's money well spent. All the -- -- your plea to billion dollars on players. It doesn't automatically NBA's financial shape as commissioner David Stern -- league lost 350 million dollar last year. For three other ways the economy is affecting the business of the NBA it's time for us Bo and hope -- yeah us. In Atlanta Hawks are aren't you in dollar from the NBA to settle an ownership dispute. It out former partner Steve felt it. Or thirty underdogs Raptors at Philips Arena group that it disputes in 2005. When delicate objected to a race. How skills. Delgado Los Angeles Lakers agreed to a -- put your partnership deal for the airline to become the team's official and exclusive airline parker. Dealt also has also NBA Atlanta Braves and New York Yankees just and it. Finally opens. In an effort to improve his public image -- the -- at their all look -- The whole year providing positive messages to today's youth and proceeds will go to the Boys and Girls Club of America. Sports figures usually don't get a credit for the community work they do and that's why -- valedictorian at -- NBA shooter. In addition to LeBron is cartoons. Boston Globe report found out that TD garden is donating -- aren't used concessions to the homeless. The arena estimates more than sixty tons of food obese are hurt and shaved this year it's. My flock out of the week at Portland trailblazers. The team has been ravaged by injuries and Brandon Roy its latest player to go now. The all star regardless considerable time after undergoing double knee surgery -- the highest paid player on the team. Having signed a five year 82 million dollar contract. In 2000 now. And now for my final take the NBA and NFL -- very real possibilities for lockout next season. Actually can't be upset that the work stoppage which is why the league need to take greater care of their customers while they're no game. Apparently the NBA understands that and an in depth. The NBA decided to refund season ticket with interest for any games lost during a player strike if this happens the league's front office will not decide interest rate. -- closer to next season as the rate reflects current market norms. By comparison. The NFL plans to offer full ticket refund all general admission seats to cancel games however the policy will not -- tended to personal seat licenses. As compensation will be determined by each franchise. Professional sports clearly as business and frankly with two leagues in the same labor position the NFL's plan just feels cheaper. Considering the NFL's most profitable league you consider the fact that go the extra mile for the fans. Doesn't -- they are kudos though to the NBA. I'm Rick -- want to join me next week once again we go beyond the box score.