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Phoenix LXVII; Route66 - Aftermath

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01-07-2013, 10:22 PM
  #576
mesamonster
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Originally Posted by CasualFan View Post
Outstanding.
A review of the actual expenditures year-to-date suggests that some downward revisions are needed due to some unanticipated, or under budgeted, costs...
Revenue collections through the end of November 2012 for city sales tax and state-shared revenue (almost 75% of the General Fund (GF) revenue budget), indicates that the city is about $3.4M below the amount expected after five months...
Expenses are over forecast and revenues are under forecast. Is that a problem?
The hits just keep on coming! This Council group has once again totally mismanaged the entire city budget, are running a deficit yet want to give some mystery man $324MM can`t make this stuff up! LOL, LOL

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01-07-2013, 10:25 PM
  #577
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Send him an email and ask....
Say TL, still waiting for some response from you as to how this franchise can ever make a dime? Your silence is deafening!

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01-07-2013, 10:29 PM
  #578
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Originally Posted by sipowicz View Post
Yeah, they might even keep a team in a market where it doesn't belong for three years while they search the globe for an owner.

This ugly rumour Gramps Jamison doesn't have the money to close on the wonder full Coyotes opportunity, shocking I tell you, absolutely shocking!
Yes it is, GJ is heading to NYC to collect his actor fee from GB!

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01-07-2013, 10:50 PM
  #579
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I thought about this. The problem is they can't have a Casino anywhere but their reservation but the can't use Westgate as part of it.
The proposed casino land is across the street from Westgate. It's technically now part of the "reservation"

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01-07-2013, 11:13 PM
  #580
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Originally Posted by mesamonster View Post
Yes it is, GJ is heading to NYC to collect his actor fee from GB!
He's looking good for the Award for Best Supporting Actor

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01-07-2013, 11:16 PM
  #581
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I never understood how these laws allowing casinos to be run only by Indians are constitutional. Isn't that obvious racial discrimination to allow some businesses to only be operated by certain ethnic groups? We can't pass laws that say only black people are allowed to operate bookstores, only whites can have shoe stores, and only asians are allowed to run wine bars. It's just odd.

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01-07-2013, 11:23 PM
  #582
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Originally Posted by scotchex View Post
I never understood how these laws allowing casinos to be run only by Indians are constitutional. Isn't that obvious racial discrimination to allow some businesses to only be operated by certain ethnic groups? We can't pass laws that say only black people are allowed to operate bookstores, only whites can have shoe stores, and only asians are allowed to run wine bars. It's just odd.
Because, unlike any other racial or other minorities, recognized Indian tribes are, as a legacy of history, legal entities with treaties with the US Gov't - limiting the ability of the states to regulate their activities on tribal lands.

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01-07-2013, 11:35 PM
  #583
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Originally Posted by sipowicz View Post
He's looking good for the Award for Best Supporting Actor
Is that in the horror or comedy genre or both?

I am sure GJ has the financing. He is just waiting for Ukranian Christmas for the big purchase.

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01-07-2013, 11:56 PM
  #584
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Is that in the horror or comedy genre or both?

I am sure GJ has the financing. He is just waiting for Ukranian Christmas for the big purchase.
It's a dark comedy.

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01-08-2013, 12:18 AM
  #585
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Originally Posted by scotchex View Post
I never understood how these laws allowing casinos to be run only by Indians are constitutional. Isn't that obvious racial discrimination to allow some businesses to only be operated by certain ethnic groups? We can't pass laws that say only black people are allowed to operate bookstores, only whites can have shoe stores, and only asians are allowed to run wine bars. It's just odd.
I imagine this is rhetorical but on the off chance that you are truly seeking education, start with the Marshall Trilogy and work your way to Public Law 280. Then seek an appropriate forum for this topic.

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01-08-2013, 01:44 AM
  #586
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Originally Posted by bobbop View Post
The proposed casino land is across the street from Westgate. It's technically now part of the "reservation"
No.... it's roughly one mile north.


Last edited by TheLegend: 01-08-2013 at 01:50 AM.
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01-08-2013, 02:17 AM
  #587
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Because, unlike any other racial or other minorities, recognized Indian tribes are, as a legacy of history, legal entities with treaties with the US Gov't - limiting the ability of the states to regulate their activities on tribal lands.
and legally, the reservations are considered as if they were countries, so they are free to set up rules that you could not set up outside the reservations

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01-08-2013, 07:43 AM
  #588
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Okay, okay, okay, I think I've let this go on long enough. It's time for me to come clean: I am GJ's investor.


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01-08-2013, 09:47 AM
  #589
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Originally Posted by Ernie View Post
Should be an additional $10m-ish, and then he should save about $5m in payroll. He also gets about $11m in payments from the city.

Losses are rumoured to be about $30m / year, so with $26m in savings / additional revenue, he's not that far away from break even.

But if he's looking to sell it as a worthwhile investment, he'll need about 5% ROI ($8.5m per year). So he needs to build about $12m in additional yearly revenue over what the franchise has been doing.
The losses were reported as 20.6M, mainly due to the Yotes extended playoff run. If that figure included the 25M payment from the COG then real losses were closer to 45M.

Assuming your numbers are correct (10M RS, 5M Payroll savings and 11M from the COG) the shortfall is still around 19M.

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01-08-2013, 10:20 AM
  #590
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Okay, okay, okay, I think I've let this go on long enough. It's time for me to come clean: I am GJ's investor.

You better double bag yourself. For shame!!!

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01-08-2013, 10:40 AM
  #591
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Realistically, we are on the same page than we were back in July 2012 and May 2012 and September 2011 and...it's been fun but we will be at the same page in February 2013 as we were in May 2012.

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01-08-2013, 10:44 AM
  #592
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Should be an additional $10m-ish, and then he should save about $5m in payroll. He also gets about $11m in payments from the city.

Losses are rumoured to be about $30m / year, so with $26m in savings / additional revenue, he's not that far away from break even.

But if he's looking to sell it as a worthwhile investment, he'll need about 5% ROI ($8.5m per year). So he needs to build about $12m in additional yearly revenue over what the franchise has been doing.
Like cbcwpg pointed out, the league also changed rules about what makes a team eligible for RS so even if the pot is bigger, the pie slices might get smaller is more teams get into the club. It will be hard to know the precise number before the new CBA is fully detailed.

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01-08-2013, 10:49 AM
  #593
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Realistly, we are on the same page than we were back in July 2012 and May 2012 and September 2011 and...it's been fun but we will be at the same page in February 2013 as we were in May 2012.
I don't think so. I think the reason we are at the same point today is because the great leaders of Glendale thought it was a great idea to give the NHL 50m$ from the CoG bank account. This is coming to an end like now.

By the end of the month, Jamieson will either buy the team or not. If he goes forward, then the drama will continue for a little longer. GWI will sue and CoG might come up with yet another plan to help GJ. This should last right until summer. Then the team will either stay if the CoG has a solid plan the GWI can't defeat and that GJ and the NHL still agree.

If by the end of the month GJ hasn't bought the team, it is, in my opinion, game over. I don't see how the city could give another 25m$ to GB. There are no other buyer. The NHL will have no other choice than accept this year losses and move on to wherever they feel it's best for them next season. They can say they tried their best and leave Glendale lick their wounds.

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01-08-2013, 11:18 AM
  #594
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A cursory review of the new terms and conditions of the CBA reveal that revenue sharing, though larger, is not likely to benefit the Coyotes. Further, the new salary cap offers no visible savings for the team. Net net, this deal will not give a new owner any comfort in processing the future prospects for this franchise. The details of the new agreement will provide GJ with a convenient means of dropping his bid! After visiting with GB, he will announce his withdrawal claiming the new CBA language does not offer enough changes to insure future profitability. That will be the end of the Jamison saga, we will never know who his investors were, because he never had any!

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01-08-2013, 11:24 AM
  #595
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Okay, okay, okay, I think I've let this go on long enough. It's time for me to come clean: I am GJ's investor.
Ah, so that's where the coins I left in the tip jar went...

 
Old
01-08-2013, 11:25 AM
  #596
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A cursory review of the new terms and conditions of the CBA reveal that revenue sharing, though larger, is not likely to benefit the Coyotes.
There's supposed to be $200M more being slathered around. Is none of that going to the Coyotes?

 
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01-08-2013, 11:33 AM
  #597
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I see this CBA helping more markets right now that have a chance to succeed. No broad CBA over 30 teams was ever going to help turn Phoenix into a viable market as it stands today.

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01-08-2013, 11:36 AM
  #598
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There's supposed to be $200M more being slathered around. Is none of that going to the Coyotes?
I don't think it's $200M more, I think it has been increased TO $200M. At the same time NHL lowered the restrictions making teams eligible for RS so...more money to split but more teams to split among might mean a very little difference for teams that are currently befitting from the share.

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01-08-2013, 11:57 AM
  #599
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I don't think it's $200M more, I think it has been increased TO $200M. At the same time NHL lowered the restrictions making teams eligible for RS so...more money to split but more teams to split among might mean a very little difference for teams that are currently befitting from the share.
Correct. This was why I made my point as there is some confusion on revenue sharing.

Revenue sharing between teams increased to $200 million annually

http://www.cbc.ca/sports/hockey/nhl/...and-bolts.html

The NHL is increasing the total amount of available revenue sharing UP TO $200M, not BY $200M. The NHL has also said they are going to change the rules to allow more teams to take a slice of the RS pie. So until we see the final details it's hard to say, but lets say for example with the new rules five (5) more teams get revenue sharing dollars... the net effect for those already getting revenue sharing "could" be negligible.

Now, if the NHL was adding $200M to revenue sharing, well, that would change every thing, but they aren't.

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01-08-2013, 12:20 PM
  #600
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I have a question. GJ is not the owner of PHX as of right now. So technically he should not be able to see the terms of the CBA as only the 30 owners (or 29 I guess) have been faxed a copy. Or is GB giving him special treatment (on top of the 18-19 months he's already had to get ***** done) because he may buy the Coyotes? Without special treatment, I would imagine the only way he could see the full terms is if he's still a part owner in SJ. But then wouldn't that make him ineligible to buy PHX?

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