Wyc & Trust Fund Steve On WEEI

["Sean Giovanello" <sgiovanello@xxxxxxxxxxxxxxxx>]

Repasting the post I just sent because it didnt seem to go  through.

> Also:
>
> They said they have a 5-10 year plan and thats why they brought in Danny,
> who they paid a lot of money for.
>
> Asked about a new building: no plans at this time...7 years to go who
knows
> what happens then.  Good deal with Fleet (rent free).  Working with them
on
> some improvements.
>
> Big O asked if they overpaid for team - no building no tv station and 360
> mil versus 700 for sox fenway and nesn.  Argued that the price was
right -->
> huge tax write offs when buying a team, low interest on their debt, rent
> free, and the NBA tv contract made it a nobrainer.
>
> Going to 16 mil over this year and willing to pay it this year and next.
> Came in with the idea that things needed changing but they had the
resources
> not to blow things up and to take the hit for now.  No short term fixes
with
> large long term costs - have a plan and sticking with it.

----- Original Message ----- 
From: "Sean Giovanello" <sgiovanello@norwoodlight.com>
To: "Way Of The Ray" <wayray@ix.netcom.com>; <celtics@igtc.com>
Sent: Tuesday, June 10, 2003 6:43 PM
Subject: Re: RED ALERT: Wyc & Trust Fund Steve On WEEI


> Also:
>
> They said they have a 5-10 year plan and thats why they brought in Danny,
> who they paid a lot of money for.
>
> Asked about a new building: no plans at this time...7 years to go who
knows
> what happens then.  Good deal with Fleet (rent free).  Working with them
on
> some improvements.
>
> Big O asked if they overpaid for team - no building no tv station and 360
> mil versus 700 for sox fenway and nesn.  Argued that the price was
right -->
> huge tax write offs when buying a team, low interest on their debt, rent
> free, and the NBA tv contract made it a nobrainer.
>
> Going to 16 mil over this year and willing to pay it this year and next.
> Came in with the idea that things needed changing but they had the
resources
> not to blow things up and to take the hit for now.  No short term fixes
with
> large long term costs - have a plan and sticking with it.
>
>
> ----- Original Message ----- 
> From: "Way Of The Ray" <wayray@ix.netcom.com>
> To: <celtics@igtc.com>
> Sent: Tuesday, June 10, 2003 5:23 PM
> Subject: RED ALERT: Wyc & Trust Fund Steve On WEEI
>
>
> > They were on WEEI just now (4 - 4:45) and said some
> > interesting things. Not that the best interview
> > (re: host's knowledge of draft stuff - didn't have a clue), but
> > good skepticism by Big Show people:
> >
> > - Despite the ticket price increase, season ticket
> > sales are higher than last year.
> >
> > - They think they can come out of this draft with either
> > a good rebounder or good point guard but not both.
> >
> > - That's right either a rebounder or PG: Better start factoring in
> > Collison,
> > West, etc. in those mock drafts.
> >
> > - No mention of draft trades.
> >
> > - One of them said he thinks Vin Baker can come back and "kick butt",
> > if he continues with his rehabilitation.
> >
> > - Looking to build the team around All Stars Pierce and Walker
> > (And that's why they extended his contract - he he).
> >
> > - No mention of Pavlovic or specific possible draftees.
> >
> > - Not using the mid-level exception.
> >
> > - Wished they had gone after Danny Ainge sooner (Like before the
> > 2001 Draft and Vin Baker trade would have been good).
> >
> > - On a long term 5-year plan.
> >
> > - Team over-achieved past two years, that's why O'Brien has three more
> > years.
> >
> > - Budgeted the team to be $16 million in luxury tax arrears
> > for this coming season.
> >
> > - Will start to see some luxury tax/cap relief after the
> > upcoming season (that means you Eric Williams).
> >
> > - Lots of Europeans in the draft will push down quality American
> > players.
> >
> > - A deep draft for point guards (Hello Gaines or Banks).
> >
> > - They had to move on Danny Ainge quickly, because he had another
> > suitor.
> >
> > -  Larry Bird gave them the advice to be visible, "show up" when they
> > met
> > Bird at the Hall of Fame and asked him for advice.
> >
> > - Never talked to Bird about joining their group as he was headed in
> > a different direction.
> >
> > Copyright 2003 by Way Of The Ray
> > Feel free to forward this and reprint, as long as credit is given.