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Lockout takes its toll: Paul Allen sells his private island

Sep 10, 2011, 2:00 PM EST

Paul Allen AP

It’s pretty clear we need a massive overhaul of the players’ salaries to save the NBA owners some dough. I mean, look no further than this. Blazers owner Paul Allen is selling his private island. From Yahoo!:

Paul Allen, the Microsoft co-founder that ranks 57th on the Forbes World’s Billionaires list with $13 billion, is offloading his private island. Allan Island, situated near Anacortes, Wash., is back on the market and at a reduced price, reports the Seattle Post-Intelligencer and Realtor.com. Allan Island has bounced on and off the sale block since 2005, when its initial price tag was $25 million. It took a $5.5 million price chop in 2006 before re-emerging with the current $13.5 million asking price. Windmere Real Estate has the listing. Allen bought the island in 1992, reportedly to build a vacation home, before snatching up the Sperry Peninsula site on nearby Lopez Island in 1996 and abandoning his original plans.

via Billionaire Seeks to Unload a Private Island – Yahoo! Real Estate.

Okay, so in reality, it’s actually got nothing to do with the lockout, he’s been trying to sell it for years. You know why? Because it’s an extra island. That’s right. Paul Allen has an extra, unnecessary island. His own private piece of land surrounded by water. If he wanted to, he could use an entire island in the San Juan’s as his personal storage locker.

How much money do these guys have? And why are they squabbling with the players over more of it? It’s just mind-boggling the kind of wealth that still exists at the owners’ level in relation to the fans whose hard-earned dollars are what actually make up the league. Players with five cars think they are the league, owners with extra islands think they are the league. Meanwhile the fans get screwed the most and they don’t even have their own private islands to go console themselves on.

Something with this picture isn’t right.

  1. goforthanddie - Sep 10, 2011 at 2:35 PM

    In all fairness, Paul Allen isn;t exactly crying poverty. He’s lost tons and continues to spend to put a competitive product on the floor.

  2. stayhigh_247 - Sep 10, 2011 at 5:01 PM

    the next owner should name it Spare Island, I would do it myself if I wasn’t bumming around my spare mansion.

    • hoopsmccann - Sep 11, 2011 at 2:01 PM

      Actually, I could use a little Spare change.

  3. 1historian - Sep 11, 2011 at 12:08 PM

    We all have to make sacrifices in times like these.

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