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Old 05-11-2011, 12:53 PM   #12 (permalink)
is pounding the rock!

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Originally Posted by MikeToronto View Post
As far as I know, BC's contract runs through to the end of June. Triano's is not that important, although I wonder if it's also set to expire on July 1st - an important day for the NBA teams since that's when the players' contracts expire anyway.

But back to the management issues - this draft appears to be the last significant event still covered by the current CBA. Barring a miracle, the owners will lock out the players on July 1st, thus rendering the rest of your worries moot for quite a while, perhaps as long as a year. I am pretty sure MLSE has taken all this into account and so will any potential buyers.
I don't think it works that easily. So we have no general manager, coach and coaching staff signed starting July 1. So the OTPP owns 80% of MLSE, needs cash and want to ease the sale of MLSE by acquiring the sale of TD share. From the radio (FAN 590), the asking price for MLSE is 19 times their EBITDA (Earnings before Interest, Tax, Depreciation, Amortization) which is way too high. They have been on the block since late April. While in the meantime, it has been reported that David Stern and player union executive director Billy Hunter have been meeting in person recently, and added that the two have future meetings scheduled over the next couple of weeks. Something has to give, I think the decision on the General Manger position gets taken care of in late June or July instead of being ignored or delayed as per your opinion.
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