NY Knicks Pay for Larry Brown
Will the legendary head coach take the 40-million-dollar buy-out?
Larry Brown has coached one season with the New York Knicks. He may have lost a ton of games, but he may be leaving after one year with an equally-heavy bundle of cash.
New York Knicks owner, James Dolan, and sidekick, Isiah Thomas, the Knicks president, need some basic lessons in finance. Perhaps they should seek help from Knicks' head coach Larry Brown . Apparently, he has high finance all figured out.
After just one season with Brown on the Knicks' bench, Dolan is ready to dismiss the legendary coach and pay him a staggering $40 million to buy out his contract.
It's obvious that James Dolan, chairman of Madison Square Garden, has stumbled upon wealth, the way you or I might trip over child's toy. This has to be the case. Otherwise, how does one account for being so financially ignorant as to sign a coach to a guaranteed contract, only to buy him out in the first year?
If Bill Gates operated on this level of stupidity, I might be using a typewriter for this article, instead of a PC.
Imagine Donald Trump handing over a check for $40 million every time he said his cute little, "You're fired," line on his popular reality show. Even he would be bankrupt by now.
For his part, Thomas is none the wiser. It is said that Dolan knows that if he cans Brown, he'll be able to move Thomas from the front office to the bench at a red-tag price, many millions less than what the Knicks are paying Brown.
Granted, Thomas has not had a fraction of the success that Brown has experienced in coaching, but anyone who spent a few seasons under Bob Knight's tutelage should be smart enough to grab a piece of the pie, especially when it's as big as the one Dolan is baking.
We're talking about a guy, in Dolan, who can fritter away $40 million, while paying mega contracts to the likes of Stephon Marbury and Steve Francis. Incidentally, Thomas could probably outplay both of these crybabies right now.
Yet Thomas will settle, just to get back into coaching. A criminal justice major at IU, Thomas may need to put this knowledge to use, if he gets anything less than $8 million to coach the Kincks.
Or, perhaps he should just go to school with Larry Brown, who is about as money smart as Smith Barney. This guy leaves one coaching job after another, dragging locker-room-sized sacks of money to his next destination.
Brown is about to do it again. He says he won't resign, but it's just a matter of time, now. Dolan is on record with his disgust for Brown, because the latter has been too hard on his selfish, immature players.
Enter Thomas as the likely new head coach for the Knicks, and exit Brown with yet another enormous pocketful of money.
And, hopefully, James Dolan is leaving with him. Headed off to class - finance 101.
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