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Simon: can't continue to lose money on the team

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  • #76
    Re: Simon: can't continue to lose money on the team

    Originally posted by Shade View Post
    What? That's exactly what happens. All I can do is hope for a massive crash where nobody gets hurt, because otherwise, it bores me.
    No, the only circles are the shape of the tires on the cars. If they were going in circles, the race would be nothing but cars doing donuts.

    Originally posted by tbabyy924 View Post
    Woah, look! A left turn! And another left turn!?! Man, this is exciting. I wonder what's gonna happen next? What's that you say? 5,000 more left turns? Wow! God forbid somebody crashes and brings something new to all these left turns.
    I challenge you all to watch one whole race.

    Comment


    • #77
      Re: Simon: can't continue to lose money on the team

      Please don't hi-jack the thread discussing whether or not auto racing is good!


      .
      Last edited by Putnam; 03-11-2009, 10:34 AM.
      And I won't be here to see the day
      It all dries up and blows away
      I'd hang around just to see
      But they never had much use for me
      In Levelland. (James McMurtry)

      Comment


      • #78
        Re: Simon: can't continue to lose money on the team

        It's VERY hard to feel sorry for a billionaire that claims to be losing millions. I don't think Mel and Herb are riding the bus to work and eating ramen noodles.

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        • #79
          Re: Simon: can't continue to lose money on the team

          Nor do I feel sorry for those eating Ramen noodles. Them are good.

          Comment


          • #80
            Re: Simon: can't continue to lose money on the team

            Originally posted by Shade View Post
            It's true. I do it, too, but at least I don't spend far beyond my means; I won't go into debt to buy a luxury item. I don't even have a credit card for that very reason. The only thing I am in debt for is my education.

            Interestingly, the laser tag place I work at is experiencing RECORD SALES during this depression. That says a lot.

            A lot of people who appear to be wealthy, or at least well off, are actually just living off of growing credit card debt.

            So did the Simons write a check the couldn't cash? They risked it by signing big contracts and poor marketing, hoping that it would generate a fanbase to make money on. But is that even true. Did the Simons ever expect to make millions off of the Pacers? Or were they playing with a reall expensive toy? One that costs more and more. And since they are losing money in their malls, this toy is becoming unmanageable.

            Comment


            • #81
              Re: Simon: can't continue to lose money on the team

              Originally posted by travmil View Post
              It's VERY hard to feel sorry for a billionaire that claims to be losing millions. I don't think Mel and Herb are riding the bus to work and eating ramen noodles.

              Have the Simons asked anyone to feel sorry for them? Nothing I've read has sounded anything like, "Please feel sorry for us."

              No, I think they are businessmen, and they are treating this issue in a business-like way. They aren't being emotional. Why are we?

              It is reasonable and right for the community to push back at the Simons. But it is not reasonable for us to characterize what they are doing unfairly.
              And I won't be here to see the day
              It all dries up and blows away
              I'd hang around just to see
              But they never had much use for me
              In Levelland. (James McMurtry)

              Comment


              • #82
                Re: Simon: can't continue to lose money on the team

                Originally posted by Putnam View Post
                Have the Simons asked anyone to feel sorry for them? Nothing I've read has sounded anything like, "Please feel sorry for us."

                No, I think they are businessmen, and they are treating this issue in a business-like way. They aren't being emotional. Why are we?

                It is reasonable and right for the community to push back at the Simons. But it is not reasonable for us to characterize what they are doing unfairly.
                You're absolutely right. And it's up to us and our elected officials to view this situation in a business like manner as well. Take a good hard look at the Pacers as a business. Do they bring in enough money to the community to warrant financial help. If they do, then make the right business decision. If they don't, then decline and risk losing the team. And this is from a life long Pacers fan that would be devestated to see this team play anywhere than the state of Indiana. This cannot be an emotional decision by the city.
                Turn out the lights, this party's over!

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                • #83
                  Re: Simon: can't continue to lose money on the team

                  Originally posted by 2minutes twowa View Post
                  Take a good hard look at the Pacers as a business. Do they bring in enough money to the community to warrant financial help. If they do, then make the right business decision. If they don't, then decline and risk losing the team.
                  If that is all you truly want to be considered. Then the Pacers should leave and will leave. Even if you consider some of the difficult to determine indirect benefits the Pacers bring. Still they don't bring enough $$ into the community to warrant the finanicial help.

                  You know what, I can live with that. However - and this is a big however - everything in our city then needs to be put to the same test. If they don't bring enough money to the community - then they must go. Say goodbye to the arts, say goodbye to a number of things that benefit the city - things that costs money, but in the end might not make economic sense. Parks - gone. Plus a lot of downtown business, hotels.......a number of things will be gone.

                  We might not like what we become, but darnit we'll be fiscally responsible

                  Comment


                  • #84
                    Re: Simon: can't continue to lose money on the team

                    Originally posted by Putnam View Post
                    Why would you say this?



                    Professional sports are the most important thing in the city!
                    The only thing that matters in the city is professional sports!
                    No sacrifice is too great for the city to make for professional sports!
                    The city exists solely to sustain professional sports teams!
                    Without professional sports, there would be no air to breathe in the city!


                    There. I overemphasized what professional sports can bring to a city.


                    The rest of Speed's post is very good and reasonable*, but it is actuallty very possible to buy image-building advertisement and to quantify the value of it. Communities do it all the time. There is nothing magical or mysterious about it.


                    *Except this part, which is quite clearly wrong: the worst argument you could make.





                    The ratio of public investment to new jobs created is less for a professional sports venue than for just about any public investment imagineable.




                    We should keep the Pacers here. They are a good team with a good tradition. We like them. We should keep them and support them because we like them and we choose to spend our money that way rather than some other way. But we shouldn't delude ourselves into thinking that they are essential.


                    .
                    Putnam, I think you are right, except where you said I was wrong!

                    How can you measure a company that comes to Indy and part of the reason they even considered Indy is the CEO is a huge sports fan and is inundated with 4 hour commercials on Sunday afternoons or Monday nights.

                    Or happens to be watching Dancing with the Stars and sees Helio who is an Indycar driver or watching the NBA draft and sees the Indiana Pacers are on the clock with the 11th pick.

                    I mean I think its hard to measure the impact this all has on the perceived attractiveness of a City and it's identity.

                    Maybe it's just the way I see things as a life long sports fan, but if someone asks me about Indy, first things that pops out are - the track, Pacers, and Colts as some things that people could widely identify with.

                    Lasty, theres another argument I've heard on talk radio that a town in Iowa (I can't remember which town, since they don't have a major sports team) that they have poured all of their assets into community development and not worried about building a stadium for a team they are trying to steal, but don't yet have. (yes, I'm looking at your Kansas City). I guess this Iowa town has done really well and it's a very nice place to live. That! is the argument against worrying about being held hostage.

                    I still say these teams pay for themselves and then some, even if its not tangible on a spreadsheet that accounts dollar for dollar.

                    Comment


                    • #85
                      Re: Simon: can't continue to lose money on the team

                      Originally posted by Major Cold View Post
                      I think the reality is that the times call for us, as Americans, to get out priorities straight. We treat our entertainment as needs. And when we spend vicariously on those things, risks arise. And when the storms of life hit, the decisions of the past catch up.
                      Oh man, you said it. This is the mentality of most Americans right now. But I believe that mentality is changing before our eyes. Everyone is spending less on wants, especially as the cost of needs rises.

                      Although I no longer live in Indianapolis, I am hopeful my hometown will prosper. I still have family that lives there. I would love to see the Pacers stay in Indiana and remain hopeful that it will happen. But if push comes to shove...

                      Let me point to my own state, Florida. In Orlando we have the Citrus Bowl which hosts 3 college football games a year, two bowl games and an annual rivalry game between two smaller FL colleges or something like that. There is currently a politician going around proposing that the Citrus Bowl be torn down and rebuilt. The estimated cost is $300 million. Now this politician is basing his argument on the assumption that the BCS will eventually go the way of a tournament and that they will need to add another bowl to the list of BCS bowls. Are you kidding? Florida's public education is in shambles right now. Orange County public schools (which makes up a majority of Orlando schools) is $100 million in the hole and they will be laying off teachers and staff-workers at schools everywhere this summer. This includes bus drivers, which means that the after-school activities, especially those that involve travel will take quite a hit and may falter at some schools. It's quite disgusting to see a politician pining for the city to spend $300 million on a new stadium when in a couple of months thousands of people are going to lose their jobs. That is greedy and disgusting.

                      That's it. That's all I have to say.

                      Comment


                      • #86
                        Re: Simon: can't continue to lose money on the team

                        Originally posted by Speed View Post
                        I'm going to weigh in here. Let me just say this, I'm not for solid gold toilets or seat prices that can't be attained by the average Joe.

                        However, I think what Professional sports brings to a city can not be over emphasized. They are living breathing advertisements for a city. Put a price on amount of media coverage that is given when it's said as the "Indiana" Pacers, the "Indianapolis" Colts, "Indy" cars.

                        I'll simplify. Advertising for a city (pro sports) begets perceived attractiveness begets business locating or staying in a city begets jobs begets revenue for a City begets growth.

                        I always think back to when I was a kid and Louisville and Indy were very similar. (Nap town, IndianNO place) Indy attracted the Colts, kept the Pacers (NBA version) and now take a tour of both cities and tell what you think.

                        I'm not saying you have to have a pro sports team to live in a nice town or a nice city. I am saying that if a City wants to grow and thrive it is the best advertising money can buy.

                        I'm okay if you want to live in a small town and not be part of that atmosphere, but people who complain how sports teams drain money away from schools and such, I think the opposite, it generates jobs for those parents who have to send their kids to school and generates tax paying citizens that help pay for schools and roads, etc.

                        I'm hardly ever against negotiating with Pro sports teams to stay in a city. I always think the money will come back tenfold.

                        I'm sure I'm in the minority here, but that's how I feel.

                        Lastly, there is the sense of community that Pro sports teams bring. I think back to the Pacers in the Finals and standing in line at the store hearing complete strangers talking about The boys. The same with the Colts and the superbowl run. This town was one, at least for a moment. Pretty special.
                        This. Just look at the difference in downtown from before MSA to after MSA. Bringing the Pacers downtown was the first step to bringing Indianapolis to one of the top cities in the country. Just think how devastated this city would be right now if a grand majority of its jobs still centered in the auto manufactoring sector.

                        The Pacers started the revitalization of downtown, and now tourism (based mainly on the conventions) rules our roost.

                        At the same time, there should be no bailout for the Pacers if something isn't going to give. The city can't just waltz in and subsidize $15M with money we don't have and let the Simon's keep doing what they're doing. If that means putting our foot down and letting the Simon's make the decision of moving the team, so be it. Someone would have to look at what the Pacers currently bring to the table for the city, and if it's worth doing what would need to be done to keep them.

                        The Colts got lucky. Their iron was hot when their contract was up. The Pacers are in the opposite position (though their iron was hot in 99 when the contract was written). If I were the Pacers, I'd try to negotiate splitting the cost of the Fieldhouse with the city, and adding the right to renegotiate the contract again in another 5-10 years.

                        Comment


                        • #87
                          Re: Simon: can't continue to lose money on the team

                          Originally posted by Putnam View Post
                          It is very likely that will be part of the resolution.


                          Simon is saying, "This can't go on." He isn't saying, "The taxpayers have to bail us out." He saying the bottom line needs to change. I think it very unlikely that Simon doesn't want to trim staff and payroll as much as practical.


                          And anyway, if the deal between PS&E and the CIB is renegotiated so that the CIB in future operates Conseco Fieldhouse and just leases space to the Pacers, that would mean that a public asset was returning to public control. On principle, we ought to support that.
                          Yes Putman, but he also says:
                          Simon said he didn't have any recommendations for how the CIB comes up with the money.

                          "That's not our job," Simon said. "We want to cooperate, but I think some creative people can come up with creative ways of doing it."
                          Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.

                          ------

                          "A player who makes a team great is more valuable than a great player. Losing yourself in the group, for the good of the group, that’s teamwork."

                          -John Wooden

                          Comment


                          • #88
                            Re: Simon: can't continue to lose money on the team

                            How about a tax on player salaries?

                            -Bball
                            Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.

                            ------

                            "A player who makes a team great is more valuable than a great player. Losing yourself in the group, for the good of the group, that’s teamwork."

                            -John Wooden

                            Comment


                            • #89
                              Re: Simon: can't continue to lose money on the team

                              Originally posted by Bball View Post
                              How about a tax on player salaries?

                              -Bball
                              Or based on other incentives like wins.
                              You know how hippos are made out to be sweet and silly, like big cows, but are actually extremely dangerous and can kill you with stunning brutality? The Pacers are the NBA's hippos....Matt Moore CBS Sports....

                              Comment


                              • #90
                                Re: Simon: can't continue to lose money on the team

                                Originally posted by Bball View Post
                                Yes Putman, but he also says:
                                Simon said he didn't have any recommendations for how the CIB comes up with the money.

                                "That's not our job," Simon said. "We want to cooperate, but I think some creative people can come up with creative ways of doing it."
                                And it is not tax payer's job to bail you out after you sit back for years and let Donnie and Larry hire border line criminals for players and thus driving off cash paying customers.

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