Stupid Knicks

[Stifle Tower]

So for all those criticizing NY for not re-signing Lin with that poison pill contract, which would force NY to make significant changes or get hammered by the luxury tax...

This just in...MSG stock is now at an all-time hiigh.

Guess the financial impact was short-lived. Calmer heads have prevailed and the investors have returned to the team. Only those who gave in to knee-jerk emotions got shafted when they sold their stock and pushed down prices.

 

[nightmare3983]

I criticize the Knicks for not re-signing Lin purely for basketball reasons. I don't give a crap about MSG stock myself.

 

[northeast]

it could be that the stock would be higher if they signed Lin, or lower, .... no way to prove it either way, its all opinion.

the stock has done great, but the Lin thing could still prove to be a relative long-term top for the stock versus its benchmark, too early to say.

 

[northeast]

MSG has lagged the market slightly between July 5 and today, even both are higher.
The Lin dip has been all made back, so motown's message is mostly valid, so far.

 

[Stifle Tower]

I criticize the Knicks for not re-signing Lin purely for basketball reasons.

That may or may not turn out to be true.
What we did see is Lin put up some pretty big numbers in D'Antoni's system when he was the primary offensive option. And then he was less effective when asked to be more of a PG in a non "run-n-gun" system and get the ball to Anthony.

Lin might turn out to be a pretty good PG. He may even have some very good scoring stats in Houston due to a lack of bonafide stars on that team. Is he worth 8M+/per? That's questionable. Was he worth $100M to New York (figuring the estimated luxury tax payments in Lin's final contract year if the rest of the core was kept together). Certainly not. And the main argument behind his $100M "worth" (on top of his salary) was the stock price plummet after NY didn't match his offer sheet. Investors have come to their senses and the only ones hurt were those who reacted with emotion rather than common sense (which is what often happens to bad investors).

 

[northeast]

. Investors have come to their senses and the only ones hurt were those who reacted with emotion rather than common sense.

If they sold within 24 hours of Lin signing the Houston offer, they did fantastic. Peter Schiff will back me on this.

 

[Former Member]

That would be me. I criticized the Knicks... I will rep you with humility.