Flip's Plan Is Working Perfectly

[A Friendly Flatulence [enjin:8907904]]

As purely an outsider, someone who knows nothing of Taylor, how is he such a pushover? I mean he's a billionaire he should be pretty business savy and able to spot something that's amiss. Dolan inherited his money so its understanable why the Knicks are so inept

[longstrangetrip [enjin:6600564]]

I wouldn't rule out No. 1 so quickly...

Who's your favorite stupid billionaire...not counting guys who were born at third base and called it a triple.

[Monster]

Flip was GM back in 1995 for a few months before being named coach. I bet he had this whole thing planned out back then how he would take over everything. He probably had an agreement with KG they would own this town and the franchise after that KG workout that blew them all away. There have been some things that haven't quite gone as planned but here they are. Genius

[Monster]

LST you bring up some interesting info and point. Do you know if Flip actually had to finance a significant amount of his investment in the team I'm genuinely asking because I am curious. He seems like a guy that doesn't spend tons of money and just in Washington his contract was like $18 million of course he has to pay taxes etc but I would imagine he also made some money places besides coaching over the years like endorsements, camps, possibly business deals etc.

[longstrangetrip [enjin:6600564]]

LST you bring up some interesting info and point. Do you know if Flip actually had to finance a significant amount of his investment in the team I'm genuinely asking because I am curious. He seems like a guy that doesn't spend tons of money and just in Washington his contract was like $18 million of course he has to pay taxes etc but I would imagine he also made some money places besides coaching over the years like endorsements, camps, possibly business deals etc.

Yes, I do know that Flip financed his buy-in, monster. For some reason, I thought that Glen gave Flip stock when he came in as PBO, but my friend told me I was mistaken. Flip had to buy his way in, and like most of these guys, borrowed most of it. You're right...Flip made a lot of dough in Washington and he doesn't seem like a big shot spender, but whatever he saved from that is likely tied up in other investments and not liquid.

[Monster]

LST you bring up some interesting info and point. Do you know if Flip actually had to finance a significant amount of his investment in the team I'm genuinely asking because I am curious. He seems like a guy that doesn't spend tons of money and just in Washington his contract was like $18 million of course he has to pay taxes etc but I would imagine he also made some money places besides coaching over the years like endorsements, camps, possibly business deals etc.

Yes, I do know that Flip financed his buy-in, monster. For some reason, I thought that Glen gave Flip stock when he came in as PBO, but my friend told me I was mistaken. Flip had to buy his way in, and like most of these guys, borrowed most of it. You're right...Flip made a lot of dough in Washington and he doesn't seem like a big shot spender, but whatever he saved from that is likely tied up in other investments and not liquid.

Interesting info thanks. Investing money in an NBA team is a likely dynamite investment if you can get in even if you had to borrow to do so.

[MikkeMan]

That's what I always thought too, sjm, but apparently I was wrong. Take a look at this summary of NBA coach's salaries:

http://www.otherleague.com/contracts/nba-head-coach-contracts-salaries/

Flip is paid $9 million, more than any pure coach (i.e, not PBO also) other than Pop who gets $11 million. The other PBO/coaches, Rivers and Van Gundy, make $10 million and $7 million, respectively. I have never been able to find out what Flip was paid when he was PBO only in 2013-4, but there's no way it was anywhere near $9 million. So, he got a huge raise when Joerger decided to stay with the Grizzlies.

This is why Glen needs to get involved in the coaching decision. PBO/GM salaries are not as easy to research compared to player/coach salaries, but I read one source that says typically GMs make less than $3 million a year. So Flip stands to lose $6 million per year if he is "successful" in finding a new coach. What sane human being is going to work hard for his company if the reward is a 2/3 reduction in salary?

Flip needs this salary too. I believe he is a 3% owner, and he was not given his 3% ownership stake, but had to borrow to buy in when the value of the franchise was about $500 million (it's worth an estimated $650 million now). 3% of $500 million is $15 million. Assuming Flip financed most of his initial investment, his debt service might be $750,000 per year...that's a drop in the bucket if you are making $9 million per year, but a difficult payment to make if your salary is closer to $3 million.

I haven't played around with these numbers before, but now that I have, I'm more and more convinced that Glen needs to tell Flip to get a coach right now. Otherwise , it may never happen.

Nice finding LST. I too noticed some time ago that Flip had a really high salary from that list but I thought that whole salary would came just because he is PBO. If his salary did indeed really increase when he didn't find a coach, it is really stupid. In what job you will get significant raise (head coach salary) if you won't do your job (find a new head coach)?

[Q12543 [enjin:6621299]]

I wouldn't rule out No. 1 so quickly...

Who's your favorite stupid billionaire...not counting guys who were born at third base and called it a triple.

Whatever skills Glen had to become a billionaire don't necessarily translate to owning a professional basketball franchise. I think the results speak for themselves. He's failed to create a culture of competency and accountability.

That being said, I appreciate his loyalty to the team and to the state.

[bleedspeed]

LST - Wow makes no sense. 6M for Flip to coach the team. I can't see Hoiberg turning that down here unless he doesn't think this organization is setup to succeed. I am sure we could do better then that. I would never accuse Taylor of being cheap, but at times I think he is blindly loyal and this is the case with the Wolves. I wonder if Taylor just enjoys the game and treats it like a golf membership that makes him money. As long as his investment is increasing in value and he enjoys it he is not going to be to worried about winning. I think a lot of other owners just have more fire and competitive. Reminds me of working as a caddy at a country club as a kid. Some of the guys just enjoyed being part of it and others where there to be the top golfer in the club. I see Taylor as just happy to be there.

[Lipoli390]

LST - Wow makes no sense. 6M for Flip to coach the team. I can't see Hoiberg turning that down here unless he doesn't think this organization is setup to succeed. I am sure we could do better then that. I would never accuse Taylor of being cheap, but at times I think he is blindly loyal and this is the case with the Wolves. I wonder if Taylor just enjoys the game and treats it like a golf membership that makes him money. As long as his investment is increasing in value and he enjoys it he is not going to be to worried about winning. I think a lot of other owners just have more fire and competitive. Reminds me of working as a caddy at a country club as a kid. Some of the guys just enjoyed being part of it and others where there to be the top golfer in the club. I see Taylor as just happy to be there.

Bleed -- Hoiberg was never offered the head coach position with the Wolves. He wasn't even approached.

Like you, I used to think Glen simply didn't care much about winning. But I know someone who knows Glen very well. He said that Glen is very competitive and wants to win. So he's more than just "happy to be there." He just doesn't know how to run a professional basketball team.