Tag Archive | "Jerry Jones"

$450 million sale, are sports recession-proof?

Recently, it was announced that the Golden State Warriors are to be sold for a record $450 million pending approval by the NBA Board of Governors.  This franchise, that made the playoffs only once in the past 16 seasons, is the latest example that sports may be recession-proof.

The change in ownership among professional sports teams is a carousel that can provide an organization with years of hope, tribulation or new rivalries. One of the earliest examples might be the purchase of the Boston Red Sox in 1916 for around $500,000, a purchase that initially paid off with a World Series championship in 1918.  

Shortly thereafter, the team began to struggle and the Red Sox – Yankees rivalry was born with the sale of Babe Ruth.  It was later determined that owner Harry Frazee had sold the contract of Ruth in order to finance a stage play entitled “My Lady Friends”.  Regardless, the rivalry had evolved and the Yankees would find great success with Ruth and other players acquired by the organization.

The state of Michigan has perhaps some of the richest history in sports. In terms of ownership, one of the most unique paths to ownership took place when Tom Monaghan purchased the Detroit Tigers in 1983.  

In the years leading up to the sale, Monaghan had enrolled at the University of Michigan and while still a student there borrowed $500 to purchase a small pizza store called DomiNick’s in Ypsilanti, Michigan in 1959 along with his brother.  After the opening of three more stores, Tom traded a Volkswagon Beetle to James for his half of the ownership. 

Monaghan, a lifelong Detroit Tigers fan saw the business grow into Domino’s Pizza and that’s when the eccentric owner realized a childhood dream and purchased of the team for $53 million. The first day of spring training, Monaghan showed up in the Tigers dugout donned in a Tiger uniform and hat, ready to ‘play ball’. And play ball the Tigers did as they cake-walked through a record-setting year and went on to win the World Series in 1984.  Year later in 1992, Monaghan sold the team to another pizza guru, Mike Ilitch for $85 million.

The purchase of the Detroit Tigers became the second organization owned by Ilitch, the Little Caesar’s founder. While $85 million for the Tigers sounds like pocket change in the sports world of today, imagine Ilitch purchasing the NHL Detroit Red Wings team for $8 million in 1982; that sounds like a yard-sale price.

Fifteen years after the purchase, the Red Wings won back-to-back championships in 1997 and 1998 and have become one of the most successful, popular and recognized teams in sports.

Ilitch helped move the Tigers into Comerica Park in 2000 after contributing half of the $350 million required to build the stadium.  The Tigers have once again become formidable competitors and captured the American League Championship in 2006. Like Monaghan, Ilitch had a love for the Tigers and was once offered the opportunity to become a competitor for the team himself but his demands for a larger contract were never met.

Across the country in Texas, Jerry Jones became owner of the Dallas Cowboys in 1989 after paying $65 million for the team. J.J. also had to absorb the cost of Texas Stadium’s leasing rights at an additional $75 million.

How is that investment paying off?

The ‘Boys with their world-famous Cowboys cheerleaders are said to be appraised at over $1 billion today after opening state-of-the-art Cowboys Stadium in Arlington.

Throughout the years, the cost to purchase sports franchises has soared.  That said, many organizations still show profits, some that may come from revenue sharing with wealthier large-market teams. Success isn’t always dependent on the value of the team.

Moving south into Florida, the Tampa Bay Rays soared to the American League Championship with a young core of talented players in 2008 and although they had built a winner, the team was recently listed as the 28th wealthiest team in Major League Baseball.

In the Big Apple, the New York Knicks are considered the richest team in the NBA but the last championship season came in 1973.

Across the U.S. and Canadian border sits the wealthiest team in the NHL, the Toronto Maple Leafs. The Leafs have experienced rough times and have failed to make the playoffs in the post-lockout era but is believed to make around $1.9 million per game at the Air Canada Centre – a venue they have sold out since October 2002.  

As the value of many non-sports organizations continue to plummet the general rule of thumb is that financial success tends to follow as sports stand the test of time.  The new owners of the Warriors will be greeted by crowds packing the sold-out Oracle Arena even in discouraging seasons.  

With this NBA offseason filled with LeBron James’ “The Decision” drama, Golden State has been among the most active of teams exploring the free-agent pool.  Among the new group of owners is minority Boston Celtics partner Joe Lacob.  Much like other cities that have enjoyed past success, Oakland has a long and storied history of championships with the Athletics and Raiders.  While the Warriors have only enjoyed one championship while in California the enthusiasm surrounding this deal might suggest new excitement is just beyond the horizon.  After all, both Oakland and Lacob know all about winning.

Used with permission of the author.

Cade Caldwell is an Atlanta-based sportswriter and contributor to Sports Climax.

Copyright ©2010 Sports Climax, LLC

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N.Y. Jets Stockpiling Players With Questionable Character

NEW YORK, N.Y. – The New York Jets continue to add NFL players with questionable character.

santanio holmesReceiver Santonio Holmes was dumped by the Pittsburgh Steelers for the Jets 5th round draft pick but the player will not be on the field until Week 5 of the upcoming NFL season.

According to ESPN’s Adam Schefter, Holmes will be suspended for the first four games of the 2010 season for violating the NFL’s substance abuse policy.

Although Holmes has 235 career catches for 3,835 yards and 20 touchdowns, he brings a decent amount of baggage with him. In 2008, he was busted for possession of marijuana and prior to that was involved in a domestic violence incident in 2006.

Jets owner Woody Johnson seems headed down the same path that Dallas Cowboys owner Jerry Jones took a few years ago when he gambled on Tank Williams and Adam ‘Pacman’ Jones, two other players with records.

That road hit a dead end for Dallas but time will tell if the same happens to the Jets.

In addition to Holmes, the Jets added disgruntled Cleveland Browns receiver Braylon Edwards last year, just two days after he was accused of punching someone at a downtown Cleveland nightclub and also obtained Antonio Cromartie last month from San Diego.

Cromartie has fathered seven children by six women in five states and is facing legal issues regarding some of those.

If that isn’t enough baggage to add to a locker room, the Jets also had an interest in former Giants receiver Plaxico Burress, who is currently behind bars for carrying a concealed weapon and shooting himself in the leg outside a New York nightclub during November 2008 and last month were said to be trying to obtain Brandon Marshall from the Denver Broncos, another player who appears to need an attitude adjustment.

Copyright ©2010 Sports Climax™

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Pacquiao Dominates Clottey to Retain WBO Welterweight Title

ARLINGTON, Texas – In front of the largest boxing crowd in almost two decades, Manny ‘Pacman’ Pacquiao dominated his Pacquiao & Clottey with Dallas Cowboys Cheerleadersopponent Joshua Clottey from the opening bell Saturday night earning a unanimous decision to retain the World Boxing Organization welterweight title.

Considered the world’s greatest pound-for-pound fighter, Pacquiao outhit Clottey by a landslide throughout the 12-round bout.

CompuBox was tallying the hits and according to their stats, the champion landed 246 of 1,231 punches while Clottey landed 108 of 399.

Many of the standing room only crowd of 50,994 at Cowboys Stadium had to watch the fight on the giant television screen and it was no surprise when the unanimous decision came down. One judge gave Pacquiao every round and the other two judges gave him all but one round.

Most of the fight Clottey played defense, keeping his gloves high and occasionally hoping to land a big punch. Clottey did manage to stay on his feet but his strategy led to some of the most lopsided stats seen in quite a while for a title fight.

“He’s a very tough opponent,” Pacquiao said. “He was looking for a big shot.”

While the world continues to wait for a Pacquiao vs. Floyd Mayweather Jr, fight, Mayweather Jr. will fight Shane Mosley in May 2010.

Pacquiao was originally scheduled to fight Mayweather Jr. but that fight was cancelled over a major dispute concerning blood testing.

“I want that fight, the world wants that fight, but it’s up to him,” Pacquiao said. “I’m ready to fight any time.”

With this fight now history, Dallas Cowboys owner Jerry Jones is finding a way to utilize the new $1.2 billion Cowboys Stadium during the NFL off season and this week mixed the NFL with boxing. In the promotional photo seen above, Jones and the Dallas Cowboy Cheerleaders surround the fighters who are donning Cowboys jerseys.

Earlier in the year, the NBA All Star game was played at Cowboys Stadium in front of a record-setting crowd of 108,000 fans.   

Copyright ©2010 Sports Climax™

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Cowboys Dominate Eagles For First Playoff Win Since 1996

ARLINGTON, TX. – The Dallas Cowboys responded to last week’s blowout over the Philadelphia Eagles with another Dallas Cowboys Cheerleaderslopsided win, 34-14. The Cowboys dominated from the start with the Eagles offense only taking 18 snaps and gaining 140 yards total offense in the first half. Michael Vick’s longest touchdown pass of his career (76 yards) tied the game 7-7 but after that is was all Dallas.

Dallas quarterback Tony Romo hit 23-of-35 passes for 244 yards and two TDs and 0 INTs. He spread the ball around well throughout the game connecting with rookie John Phillips and Miles Austin for touchdowns and Roy Williams on five passes for 59 yards.

Eagles quarterback Donovan McNabb was never able to develop a flow to his offense. He finished the game 19-of-37 for 230 yards, with one touchdown and an interception.

Dallas linebacker Keith Brooking who played his entire career for the Atlanta Falcons before coming to Dallas this year was ecstatic with the win. “We have something to really build off of,” said Brooking “With the talent we have I don’t think there are a lot of teams in this league that can beat us right now.”

Dallas coach Wade Phillips got a gorilla off his back with the win, his first ever in the playoffs. The win may have created job security for Wade as speculation of Dallas owner Jerry Jones replacing him was picking up steam prior to December.   “This team has hung together all year, got stronger at the end of the year and were playing our best football,” said Phillips. “I think we’re playing as good as anybody right now.”

Romo can finally forget about the bad hold he had that caused a botched field goal attempt and contributed to a Dallas playoff loss a few years ago.

“It’s just … rewarding,” Romo said. “It makes me proud of the guys. Fighting, grinding, staying committed to the approach. I’m happy for the guys, happy for Wade, happy for Jerry.”

The game was played in the $1.2 billion Cowboys Stadium drew 92,951 fans making it the largest crowd to ever see an NFL playoff game other than the Super Bowl.

The Cowboys pack up and head into Minnesota for their game next Sunday against Brett Favre and the Minnesota Vikings.

Realated Articles:

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Sanchez Sizzles as N.Y. Jets Advance in AFC Playoffs – Sports Climax

Copyright © 2010 – Sports Climax

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Couple Caught on Video Having Sex in Dallas Cowboys Stadium

DALLAS – Since the Dallas Cowboys are starting this season looking like the league’s underachievers, what better way xxxto get back into the headlines than to have a couple wearing 88 Irvin jerseys get caught on video humping away in a bathroom stall in the new Dallas Cowboys Stadium.

The video has been viewed by more than 400,000 people on Deadspin.com and according to the Dallas Observer sports blog, Jerry Jones may have been one of those viewers.

The couple must have put in a decent performance since they were greeted with a standing ovation by bystanders when they exited the stall.

Some are referring to the act as the ‘Split Wide 88′ play or the ‘Deep Route, Give-and-Go’.

The way the Cowboys offense has sputtered out as of late, this ‘offensive’ move may have been the best penetration anyone wearing a Dallas jersey made that day.

Copyright © 2009 – Sports Climax

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NFL Update: Stafford Injured, Titans 0-4, Broncos 4-0

Hottest news this NFL weekend includes the Detroit Lions No. 1 overall pick Matthew Stafford’s knee injury.

In a 48-24 loss in Chicago, Stafford showed several signs of why he was touted as a No. 1 when he orchestrated Photo: Andre J. Jackson DFP several long scoring drives of over 70 yards against the banged-up Bears defense including one 98 yard drive for a touchdown.

But the show came to an abrupt end late in the game when Stafford took a sack then lay on the grass, clutching his knee in pain. Stafford limped off the field and spent the rest of the game with his knee wrapped in ice while veteran Daunte Culpepper took the remaining snaps.

ESPN reported that Stafford’s injury was a dislocated kneecap that popped back in while he was on the sideline and the injury is expected to sideline him for one or two weeks.

After starting out 3-0, Mark Sanchez, New York Jets quarterback and second slinger taken in last year’s NFL Draft finally had his rookie break-out game throwing three interceptions in a 24-10 road loss in New Orleans. Before the loss, Sanchez’ three straight wins included an upset victory against Tom Brady and the New England Patriots.  

Darren Sharper returned one of Sanchez’ errant throws 99 yards to the house and that 14-point swing was too much for the young quarterback and his Jets to overcome. The Saints went on to win 24-10.

In other surprising news the Tennessee Titans fell to 0-4 while the Denver Broncos improved to 4-0 with their 17-10 victory over the Dallas Cowboys.

Copyright © 2009 – Sports Climax

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Giants Spoil Cowboys Opener; Ochocinco Does Lambeau Leap

The New York Giants ruined the Dallas Cowboys big bash at the opening game in the new Cowboys Stadium Sunday AP Photo: Mike Roemer night defeating the ‘Boys 33-31.

Cowboys owner Jerry Jones showed off the $1.2 billion structure to a raucous crowd of over 105,000 that included several past Cowboy greats, LeBron James and George W. Bush.

The stadium lived up to much of it’s hype with its seven-story high state-of-the-art television screen and dancing towers for the Dallas Cowboys Cheerleaders; the only thing missing was a win.

Between three interceptions thrown by Cowboys quarterback Tony Romo, Giants QB Eli Manning passed for 330 yards, 284of them to wideouts Mario Manningham and Steve Smith. Manning then orchestrated a near-flawless final drive from his own end to set the stage for placekicker Lawrence Tynes to connect for a 37-yard game-winning kick, silencing the raucous crowd as the final seconds ticked off the clock.

In upsets Sunday, Mark Sanchez and the New York Jets beat the New England Patriots 16-9, the Chicago Bears upended the Super Bowl Champions Pittsburgh Steelers 17-14 on a last-second field goal and the Cincinnati Bengals upset the Green Bay Packers 31-24 at Lambeau Field in a game that included Ochocinco catching a TD pass and performing the Lambeau Leap.

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Copyright © 2009 – Sports Climax

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Cowboys PR overriding underachieving season

A lot is happening in the Cowboy’s camp this week. There is a buzz about Adam ‘Pacman’ Jones returning to the team, QB Tony Romo, who is throwing without a splint on his broken finger, spending the day at the movies with a homeless guy named, ‘Doc’, T.O missing practice with an illness, the list goes on and the media eats it up.Maybe too much.

While we columnists scramble to be the first to report the latest ‘news’ on the ‘Boys, the pertinent items, like performance on the field, find a way to make it to the back burner.

Pertinent items, like the fact these same ‘Boys have lost more games before Thanksgiving Day that they lost all last season and sit three full games behind the New York Giants.

Jerry Jones was quick to cheese in front of the cameras to tell the world his troubled player ‘Pacman’ was being reinstated by NFL Commissioner Roger Goodell but here we are days later and there is still no official word from the NFL. Is Jerry jumping the gun here? Maybe he should borrow Romo’s splint and put it on his tongue and let the league do the press releases.

And the NFL’s newest Boy Scout, Romo–is this guy for real or is this all a PR stunt? Helping an old couple change a tire on the side of a dark road then going to a flick with the homeless guy-it’s old-school, Boy Scout walking the old lady across the street stuff, and the timing couldn’t be better for the Cowboys.

With the team anxiously awaiting a confirmation from the league, the timing of this Good Samaritan act is somewhat interesting.

These may all be good-faith gestures but either way, it takes the media pressure off the ‘Boys concerning their lackluster performances. Has anyone asked T.O. and the team about Owens gaining less than 40 yards per game over the past four games?

PR. Gotta love it.

Copyright © 2008 – Sports Climax

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Pacman back in NFL after ‘Brawl in the Stall’

It seems like Dallas Cowboys owner, Jerry Jones, has created a part-time gig for himself called, “NFL spokesman.” The charismatic, scene-stealing owner of the Dallas Cowboys told the media, his troubled player Adam ‘Pacman’ Jones is returning to the field in a few weeks.

We should expect the NFL to verify this but why have they refrained from doing so and allowed JJ to run loose with it?

The league responded to Jones’ comments with an email from a real NFL spokesman Greg Aiello that read, “When there is a final determination, we will announce it.”

Pacman, who has an album full of mugshots and laundry list of court appearances, has completed the inpatient portion of his NFL-ordered alcohol treatment in the Boston area and had been awaiting word from Roger Goodell and the league about his immediate future.

JJ stated to the press that Pacman was “Being reinstated by Roger Goodell and will begin limited practice before returning to the field when the Cowboys play in a game against the Pittsburgh Steelers on December 7.”

JJ said, “He’s a long way, a long way from having clear sailing.” and that he would not have bodyguards for ‘Pacman’ in the future.

Is this insinuating the bodyguards were at fault for the “brawl in the stall?”

Pacman’s attorney, Worrick Robinson added this, “It all starts with him (Pacman) and his decision-making. He’s comfortable making decisions for himself.”

And there lies the problem.

Tom’s National Examiner sports column.

Copyright © 2008 – Sports Climax

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