Comments on: Of course Michael Heisley is in talks with Larry Ellison, things were going too well

By: glink123

glink123 — Sun, 18 Mar 2012 19:53:09 +0000

It doesn’t really matter what he’s been “paid” as CEO of Oracle over the past decade, because it’s his company. It’s his company stock that matters. He chose to pay himself “only” 2 billion in salary over the past decade as CEO of Oracle, while he was awarded over 36 billion in stock options over the same period. It’s like Sergei Brin (co-founder of Google) only pays himself a $1 annual salary, but his Google stock options he owns make him worth roughly $20 billion.

By: borderline1988

borderline1988 — Sun, 18 Mar 2012 15:28:19 +0000

Larry Ellison is also the highest paid CEO in the world. Over the last decade, he has been paid close to $2 billion.

Honestly, to Larry Elisson, NBA teams and their finances are like nickels and dimes. He could sneeze and the $350 million needed to purchase the Grizzlies might fall out of his shirt pocket.

By: redstar504

redstar504 — Sun, 18 Mar 2012 09:19:42 +0000

Don’t know if you missed that too but the Hornets have been sold for sometime as well. LA Businessman Raj Bhathal, Tom Benson’s brother Larry Benson, and Mike Dunleavy for all intents and purposes have purchased the Hornets. The holdup was getting the lease extended and redone with the State of Louisiana. That is out of the way so expect the sale to go thru in the next few days.

By: starvingardens

starvingardens — Sun, 18 Mar 2012 04:41:03 +0000

Oh man… Does anyone really know who Larry Ellison is? “All he wants to do is… win win win win win!” In business, America’s Cup, etc. If he buys this team, I bet he moves the team, to San Francisco.

He’s still pissed about not being able to acquire the Warriors and thinks he got duped. And because of that… he’s gonna stick the team right back in their faces by bringing another franchise to the bay right beside AT&T.

And you know what… If he does. I’m all good with that.

By: glink123

glink123 — Sun, 18 Mar 2012 04:10:24 +0000

millions? you’re seriously worried about a guy like Ellison having to pay millions? his net worth is between $36 and $50 billion, depending on the week and the price of Oracle stock. he could afford to buy every team in the NBA, and still have $10 billion left over.

By: goforthanddie

goforthanddie — Sun, 18 Mar 2012 02:13:17 +0000

Seattle’s been “promised” a team and has an arena lined up. Problem is, said arena won’t be built w/o guaranteed NBA AND NHL occupants.

By: gmsalpha

gmsalpha — Sun, 18 Mar 2012 01:37:16 +0000

The West Coast has technically lost two teams in the original Grizzlies from Vancouver, and the SuperSonics. What’s the harm in getting one back? If the owner wants to sell and there’s no local buyer, what’s he supposed to do? He shouldn’t be forced to keep a team he doesn’t want. It’s not as if this move is going to be to Anaheim or San Diego or somewhere that really steps on the feet of the SoCal folks, anyway.

By: david8726

david8726 — Sun, 18 Mar 2012 00:51:31 +0000

That’s a “face palm worthy” investment if I’ve ever heard of one.

By: goforthanddie

goforthanddie — Sun, 18 Mar 2012 00:27:29 +0000

Really. That seems kinda dumb, but that’s one man’s thinking.

By: mbrester

mbrester — Sat, 17 Mar 2012 23:55:39 +0000

The Grizzlies are not leaving Memphis any time before the FedExForum is paid for in 2031. A new owner would have pay millions for a arena he would not use and pay millions for the team and pay millions to the NBA to move it. It makes no sense to buy and move the Grizzlies now. In 2031 it may not make sense to move them then.

By: hojo20

hojo20 — Sat, 17 Mar 2012 23:34:43 +0000

It was my first time doing this, Mr Hansen, I swear.

By: kinggw

kinggw — Sat, 17 Mar 2012 23:13:39 +0000

I guess you missed the news where the NBA secured a lease for the Hornets, keeping them in New Orleans until at least 2024.

By: chiadam

chiadam — Sat, 17 Mar 2012 23:10:21 +0000

…just as soon as he’s done interviewing online predators.

By: hawknuts

hawknuts — Sat, 17 Mar 2012 22:32:50 +0000

chris hansen in seattle will buy your team

By: goforthanddie

goforthanddie — Sat, 17 Mar 2012 22:22:11 +0000

Interesting that the NBA has a team ready to sell, yet Ellison is looking elsewhere. If Stern had a brain, he’d pitch camp in Ellison’s front yard and not leave til the Hornets were sold.