This is insane… these guys are grown men acting like children. From ESPN.com:

NEW YORK — With his career in New York seemingly finished, Knicks guard Stephon Marbury lashed out at teammates and coach Mike D’Antoni a day before he was to meet with team president Donnie Walsh about a possible buyout, the New York Post reported in Monday’s edition.

Walsh suspended Marbury for Saturday’s game against Golden State because the Knicks said Marbury refused to play Wednesday night in a loss at Detroit. The Knicks also docked his pay from that night, with the penalties costing Marbury nearly $400,000.

“I sat there for three weeks and didn’t say one word,” Marbury told the Post. “I didn’t hear one of my teammates say, ‘Why isn’t Stephon Marbury playing? This is a good system for him, even to play with the second unit and bring more firepower.’

“When things got bad and then worse, guys like Quentin Richardson say, ‘I don’t consider him a teammate. He let his teammates out to dry.’ He didn’t care I was his teammate when I was banished. They left me out for dead. It’s like we’re in a foxhole and I’m facing the other way. If I got shot in the head, at least you want to get shot by the enemy. I got shot in the head by my own guys in my foxhole. And they didn’t even give me an honorable death.”

Marbury isn’t part of D’Antoni’s plans and has been on the inactive list most of the season. However, D’Antoni twice asked Marbury if he would play when the Knicks were undermanned.

“Mike had no intentions of me playing basketball here,” Marbury said. “He gave me straight disrespect. It was beyond disrespect. He put in [Danilo] Gallinari, whose back is messed up and [who] didn’t participate at all in training camp ahead of me [in the season opener]. … That’s saying, ‘I’m letting you have it right now.’ He was sticking it to me.”

Walsh has said he’s opposed to buyouts and agreed that it’s difficult to trade Marbury because of his salary of approximately $21 million.

“He [D’Antoni] knew I was in my contract year and did everything they asked me to do. He’s not trying to help me. He’s trying to hurt me,” Marbury said.

Marbury agreed to suit up last Friday night in Milwaukee so the Knicks would have the league-mandated eight players in uniform, but declined D’Antoni’s offer before the game to take some available minutes.

D’Antoni and Walsh didn’t feel that was insubordination, but Walsh believed he had to act this time, when Marbury turned D’Antoni down after guards Nate Robinson and Cuttino Mobley were unavailable in the second game of a back-to-back.

“He suspended me without hearing both sides,” Marbury said. “That wasn’t fair. He took it upon himself to fine me without even speaking to me.”

The players’ association plans to file a grievance because Marbury insists he never refused to play.

“Mike gave the option to play,” he said. “He couldn’t come to me man to man and say, ‘You have to play.’ It was an option.”

Copyright 2008 by The Associated Press



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Posted By: jackhammer | Dec 1st


Ok, I’m sure that sounds odd… read the story from NBA.fanhouse.com:

First: the quote from Don Nelson on his $6.3 million arbitration victory over Mark Cuban in a dispute over missing wages, captured by Tim Kawakami of the San Jose Mercury News and spread by Ball Don’t Lie and TrueHoop.

” This was just receiving what I’ve already earned and been owed for a long time. He just wanted to make life difficult for me. It’s like a pimple on his behind. But it was a big number for me.”

$6.3 million’s a whole lotta bagels^, but someone who plays poker in Maui with Willie Nelson, Woody Harrelson and Owen Wilson probably isn’t struggling to keep cream cheese in the fridge. Still, Cuban’s ridiculously wealthy, he owed Nellie this money, and in Marc Stein’s ESPN.com story, Cuban admits as much.

“I got exactly what I wanted out of the deal — the true facts of the situation. … It was all worth the hassle to find out what really happened.”

In case you’ve forgotten, Cuban withheld the cash and sued Nelson for using his secret knowledge of the Mavericks to beat them in the playoffs when coaching the Warriors. I’m shocked that this line of argument did not work!



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Posted By: jackhammer | Nov 27th


Phew!  from ABC News:

AIG, Citibank and a number of other federally bailed-out financial institutions have no plans to cancel hundreds of millions of dollars in sports team sponsorships, even as they take billions in taxpayer support, ABC News has found. 

Read the rest HERE



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Posted By: jackhammer | Nov 25th


Tough times for auto makers means that General Motors Corp. is cutting costs anyway they can… by halting the 7 million dollar a year payments to Tiger Woods for endorsing their Buick brand.  I think Tiger can handle it… Read more from ESPN:

DETROIT — General Motors Corp. said Monday it is ending its nine-year endorsement deal with golf superstar Tiger Woods as the automaker continues to cut expenses and hoard cash while trying to survive the worst sales downturn in a quarter-century.

Woods has endorsed GM products around the world and mainly has been seen in Buick commercials as the company tried to give the nameplate a more youthful image. He has carried the Buick brand on his golf bag since 2000, and his most recent promotion was to caddie for a contest winner for nine holes at Torrey Pines, where Woods won the U.S. Open this summer for his 14th career major.

The endorsement deal, believed to be worth at least $7 million a year, was to end in 2009. Woods’ agent at IMG, Mark Steinberg, said the decision to end the relationship one year early was “absolutely mutual.”

“It was a combination of things,” Steinberg said. “Tiger was looking to gain some more time, and certainly it was an opportunity for GM to reduce its spending with everything going on.”

GM has been making dramatic cuts in advertising as it tries to conserve cash. The nation’s largest automaker spent nearly $7 billion more than it took in last quarter and has warned that, without federal help, it may reach the minimum amount of cash required to run the company by the end of the year.

Mark LaNeve, GM’s vice president for North American marketing, said GM and Woods started discussing an end to the deal earlier this year, and it had nothing to do with the Detroit Three automakers’ quest for $25 billion in federal loans.

But GM’s statement said the decision was made as part of “the search for budget efficiencies during a difficult economy for General Motors.”

Buick said last week that it would be cutting back on its deal providing courtesy cars at PGA Tour events.

Read the rest of the article at ESPN.com

##



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Posted By: jackhammer | Nov 24th


The $1.1 billion stadium, in Arlington,  is now 3-for-3 in bids for mega-sporting events!

Then announced Wednesday that it willhost the 2014 NCAA men’s basketball Final Four. The stadium, which opens in 2009, is already home to the 2010 NBA All-Star Game and the 2011 Super Bowl.

Read more. 



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Posted By: veronica | Nov 21st


From ESPN.com:

SEATTLE — Don Wakamatsu became the first Asian-American manager in major league baseball history when he was hired Wednesday by the Seattle Mariners.

The 14th manager in Mariners history, Wakamatsu was bench coach for the Oakland Athletics last season. Before that he spent five years with the Texas Rangers.

“When I started this process, there were some key attributes we were looking for,” Mariners general manager Jack Zduriencik said in a statement. “We wanted energy, a passion and the skills to translate that passion to the players. We wanted leadership, a presence that could help us as we define the ‘Mariners Way’ to win. We wanted someone that both the community and the players could embrace. We wanted someone who sees the big picture and cares about the players and wants to win. Don embodies all of those traits.”

The 45-year-old was among a field of seven candidates interviewed by Zduriencik. None of the seven had previous major league managerial experience. The overwhelming fan favorite was former Seattle second baseman and current Chicago White Sox bench coach Joey Cora.

Wakamatsu will be the fifth manager in Seattle since the departure of Lou Piniella after the 2002 season. The Mariners have cycled through Bob Melvin, Mike Hargrove, John McLaren and Jim Riggleman since Piniella left, with none of the four approaching Piniella’s success.

Wakamatsu replaces Riggleman, who took over in June when McLaren was fired after a 25-47 start to a season in which the Mariners were expected to contend for the playoffs. Riggleman wasn’t even considered for the latest opening.

McLaren was on the job less than 12 months, after Hargrove quit suddenly in the middle of the 2007 season — the last time Seattle was winning.

The Mariners lost 101 games this season, their most since 1983, and became the first team to lose 100 with a $100 million payroll. Now they hope Wakamatsu can bring some stability and aid in the redevelopment of a franchise that hasn’t made the playoffs since 2001.

“This is something I’ve looked forward to for a long time,” Wakamatsu said in a statement. “It is a tremendous opportunity and I can’t wait to get going with Jack and his group as we start working on the 2009 team.”

A former catcher, Wakamatsu spent almost his entire playing career in the minors, except for 18 games with the White Sox in 1991. His final season in the minors was in 1996 as player-coach of the Mariners’ Double-A Port City farm team.

He managed four seasons in the minors but never higher than Double-A before joining the Rangers’ bench in 2003.

Wakamatsu, who was born in Hood River, Ore., says he knows only a little Japanese — always a consideration in Seattle, where All-Star Ichiro Suzuki is the franchise cornerstone — though it has improved recently with the A’s and Rangers.

He also understands management doesn’t expect this to be a long-term rebuilding project.

“In general, it’s a young team that maybe with some prodding we can win right away,” Wakamatsu said last week. 



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Posted By: jackhammer | Nov 19th


from ESPN.com:

 NEW YORK (AP) - The LPGA Tour will offer three fewer official events in 2009, the latest result of the global economic downturn and its affect on pro sports.

The 2009 schedule released Wednesday has 31 events — 20 in the United States and 11 internationally — not including the Solheim Cup. Tournaments off the schedule include the ADT Championship, which starts Thursday and closes this year’s slate.

Purses will be around $55 million, about $5.25 million down from 2008. The tour announced $53.4 million in purses Wednesday; the Ginn Open in Reunion, Fla., which had a $2.6 million prize pool this year, has not yet determined what it’ll pay out in 2009.

“It’s no secret that the road ahead, particularly 2009, is going to test our mettle,” LPGA commissioner Carolyn Bivens said. She added that the LPGA is confronting challenges facing not only “other sports and entertainment organizations, but by every business enterprise of any kind in all corners around the world.”

In recent weeks, the NBA has announced layoffs and the closing of its Los Angeles office, and several NASCAR teams have laid off staff to cut costs. Golf isn’t immune, but Bivens predicted the LPGA would be “solidly profitable” in 2009.

“The state of the global economy and the economic crisis we’re all facing has resulted in a slightly different tournament landscape,” Bivens said. “It’s not something that comes as a surprise.”

Besides the ADT, other events not continuing over sponsorship issues include the Fields Open in Hawaii and Ginn Tribute in South Carolina. The Ginn Tribute shut down in August, and officials at Broken Arrow in Tulsa, Okla. announced Tuesday their event, sponsored by SemGroup, would not continue.

An event in Thailand is being added from Feb. 26-March 1, part of what amounts to two international swings toward the beginning and end of the yearlong schedule.

The Safeway International, which was held in Oregon this year, is also gone over a sponsorship issue and essentially becomes the LPGA International in Phoenix. The Safeway Classic, also in Oregon at Pumpkin Ridge, remains on the 2009 slate.

Also missing from the schedule released Wednesday are the after-season events, such as the Lexus Cup and Wendy’s 3-Tour Challenge. Bivens said those unofficial-money events will continue getting talked about “in the coming months.”

“It’s a scary time for everybody,” 2007 U.S. Women’s Open champion Cristie Kerr said. “My whole outlook on that is you’ve just got to be able to ride the waves.”

Next year will be one of transition for the LPGA, which is about to lose its biggest draw in Annika Sorenstam, the 72-time winner who is “stepping away” from the game to pursue family and business interests after this week’s ADT Championship.

The LPGA’s existing television deals expire after 2009, making the task of filling schedules for 2010 and beyond even more daunting.

“I wish this economic downturn had waited one more year,” said Bivens. “I wish we had one more year. But I’m grateful we had the past three.”

The average per-tournament purse of about $1.77 million remains largely unchanged.

Next year’s LPGA schedule begins in Hawaii, then heads to Thailand, Singapore and Mexico, not returning to the U.S. until the Phoenix event from March 26-29, details of which have yet to be released.

Some events shifted slots from the 2008 schedule, others changed sponsors and details are still being finalized about the Samsung World Championship, which was in Cleveland this year.

One quirk to the 2009 schedule: The U.S. Women’s Open starts July 9, followed by the Evian Masters, the British Open and the Solheim Cup. So it’s possible that a player who isn’t qualified for those events wouldn’t play between the Jamie Farr Owens Corning Classic (which ends July 5) and the Safeway Classic (which starts Aug. 28).

“Given what could have been the potential negative economic impact on our schedule, we view this as a barometer of stability, appeal and value for our players and our property,” Bivens said.



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Posted By: jackhammer | Nov 19th


Bad move Mark… didn’t you see what happened to Martha? Cuban claims the accusation is false… who knows, the whole situation seems odd.  From ESPN.com:

WASHINGTON — Federal regulators have accused billionaire Dallas Mavericks owner Mark Cuban of insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.

The Securities and Exchange Commission filed a civil lawsuit against Cuban on Monday in federal court in Dallas. The agency said that in June 2004, Cuban was invited to get in on the coming stock offering by Mamma.com Inc. after he agreed to keep the information private.

The SEC said Cuban knew his stake — pegged at 600,000 shares, or 6 percent ownership in the company — would be sold below the current market price after learning that Mamma.com was raising money through a private investment in a public entity (also known as a PIPE).

A few hours after receiving the information, Cuban told his broker to sell all shares in the search engine company, according to the suit.

The Commission is seeking to impose financial penalties and confiscate gains from the trades. It is up to the U.S. Attorney in Dallas to determine whether Cuban should face criminal charges.

“As we allege in the complaint, Mamma.com entrusted Mr. Cuban with nonpublic information after he promised to keep the information confidential. Less than four hours later, Mr. Cuban betrayed that trust by placing an order to sell all of his shares,” Scott W. Friestad, deputy director of the SEC’s Division of Enforcement, said in a statement. “It is fundamentally unfair for someone to use access to nonpublic information to improperly gain an edge on the market.”

According to the Wall Street Journal, Christopher Clark, a lawyer for Cuban, said, “We’re shocked. We find it incredible that given all the important issues that the SEC has to address with regard to today’s economy they’ve sought to bring a $750,000 case relating to a he-said she-said about one trade against a person whose integrity has never been questioned before with regard to the securities markets.”

Clark also said he was “further shocked because the whole enforcement process was tainted by express bias by enforcement officials and certain other misconduct that we will happily detail to the judge in this case.”

In a statement posted on Cuban’s blog, blogmaverick.com, attorney Ralph C. Ferrara said Cuban would challenge the suit.

“This matter, which has been pending before the Commission for nearly two years, has no merit and is a product of gross abuse of prosecutorial discretion,” Ferrara said. “Mr. Cuban intends to contest the allegations and to demonstrate that the Commission’s claims are infected by the misconduct of the staff of its Enforcement Division.”

In the same statement, Cuban said, “I am disappointed that the Commission chose to bring this case based upon its Enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so.”

According to the SEC, the complaint seeks to permanently enjoin Cuban from future violations of the federal securities laws, disgorgement (with prejudgment interest), and a financial penalty.

“Insider trading cases are a high priority for the Commission,” Linda Chatman Thomsen, director of the SEC’s Division of Enforcement, said in the statement. “This case demonstrates yet again that the Commission will aggressively pursue illegal insider trading whenever it occurs.”

Cuban’s situation is drawing comparisons to Martha Stewart’s involvement in insider trading in 2001. Stewart was also charged with obstruction for lying to FBI investigators. She was convicted in March 2004 on charges of conspiracy, obstruction of justice, and two counts of making false statements and was sentenced to prison.

Mamma.com, a Canadian company, merged with Copernic Technologies in December 2005. Copernic also offers search software and online advertising services. Mamma.com now trades under Copernic’s ticker, CNIC.

The NBA had no comment.



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Posted By: jackhammer | Nov 18th


From ESPN.com:

Fox Sports has decided to pull its bid on the next round of television rights for the Bowl Championship Series college football games.

Fox’s four-year deal with the BCS ends after the 2009 season (and the games in January 2010). The Bowl Championship Series says it is close to a deal with ESPN.

“Currently, over 98 million homes receive ESPN,” BCS coordinator John Swofford said in a statement. “With the ever-changing technology and as we look toward January 2011, when the first games in this package will be played, we know that the number of households that receive ESPN will only continue to grow.”

SportsBusiness Daily reported that, according to sources, ESPN bid $125 million per year over four years to get the games, while Fox’s top bid was $100 million per year.

A statement from Fox on Monday read, “Even with today’s vast economic uncertainties, Fox Sports made a very competitive bid to keep broadcasting BCS games free to every home in America, one that included a substantial rights fee increase, and certainly as much as any over-the-air network could responsibly risk. Unfortunately, the University presidents and BCS commissioners were not satisfied and they’ve decided to take their jewel events to pay television.”

In a statement, ESPN said: “We are not commenting today about a potential BCS agreement. However, we wish to remind everyone that ESPN is distributed on expanded basic, a product enjoyed by 98 million homes that offers the best entertainment buy in America, including many championship caliber sporting events.”

Conference commissioners and BCS TV negotiator Barry Frank had been meeting in Chicago with the networks, USA Today reported last week.

Fox reportedly pays about $82.5 million annually to air four of the five BCS games — the Sugar, Orange and Fiesta bowls and the BCS National Championship Game. ABC, like ESPN an affiliate of The Walt Disney Co., currently has a separate deal to air the Rose Bowl.

Before Fox’s current deal, ABC held the rights since 1998, when college football’s major conferences implemented the system to crown a national champion.



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Posted By: jackhammer | Nov 18th


Watch out Crosby and Ovechkin!



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Posted By: jackhammer | Nov 18th


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