Warriors valued at $2.6 billion, Lacob & Guber laughing hard at Chris Cohan

Warriors valued at $2.6 billion, Lacob & Guber laughing hard at Chris Cohan

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We all remember that day that Joe Lacob and Peter Guber (and Vivek Ranadive, though we’ll keep that quiet for reasons of peace and quiet) and a bunch of smaller investors decided to scandalously and ignorantly overpay ($450 million) for the Golden State Warriors. Man, did Chris Cohan ever get over on those rubes.

And today? Hah! Not even worth six times what they paid for it. Hell, they only made $74 million last year, meaning that they’ve barely scraped together $284 million in post-expenses income since Joey, Petey and The Gang bought in.

In other words, Stephen Curry, who has been here since the start of it all, is surely the most underpaid player in all sport. And his salary and endorsement money ranged around $44 million last year alone, so between him and his wife Ayesha’s cooking empire, he is in little danger of entering Top Ramen World.

[RELATED: Forbes: Massive spike vaults Warriors to third most valuable NBA franchise]

So we’ll just say this as an aside: If Joe Lacob really wants to be the best owner in the world, he could promote himself to Santa Claus, Junior Grade, double every non-player’s salary and not feel a fly’s bone-mass worth of bother. After all, sharing is caring, and not sharing can make you the New York Knicks in no time.

Although since the Knicks are inexplicably still the highest-rated investment in the NBA despite the continued existence of Jimmy The Thumb Dolan, that may not be the best fiscal example.

Now these are Forbes valuations of which we speak, which of course all sports teams vehemently dispute because they are rough guesstimates made by outsiders based on not having the real set of books before them for all 122 North American pro franchises. Still, you may rest easily tonight knowing that (a) no team has sold for less than its peak Forbes valuation in quite some time and (b) the profits and revenue and ancillary hoohah are probably much higher anyway because of side deals that don’t get put in the accessible paperwork.

So when the Warriors are worth $2.6 billion, the fellas can probably sell it easily to the right crazed billionaire for $4B, meaning that they will have nearly tenfolded their money since Cohan hosed them so viciously back in the day.

Now they’re clearly not selling, for the obvious reason that money raining from the sky is still the best investment out there, and as long as Kevin Durant and Stephen Curry and Draymond Green and Klay Thompson and Steve Kerr and Tim Roye stay together and productive, the gravy train can roll forever.

Forever, of course, being three years, which in these volatile (read: crackpots and morons are in charge now, so strap in for hard times ahead) times is about as far as anyone in his or her right mind wants to guess.

Still, playing with free money is what allows the Warriors not to worry about any loyalty issues connected with the 2019 move from Oakland to San Francisco. Even if their total attendance in the first year is zero (which would mean that not only their 19,596 nightly attendance but their vaunted 37,000-strong season ticket waiting list has evaporated), they’ll almost surely have made back their original investment in those nine years, and everything after that is pure unadulterated theirs. Even if they sell the franchise for zero dollars, they will have made money on the original investment.

And to think, without Curry figuring out how to make his ankles stronger, most of this would not have been possible.

But he did it, making all other things not only possible but massively lucrative for all involved. He doesn’t need a separate statue outside the new building (he’ll get that anyway), but credit where it is due.

Plus, there is one other benefit to all this Scrooge McDuck money-bin cash. Somewhere, Chris Cohan may be thinking that the guys upon whom he got over seven years ago are actually the guys who got over on him. Payback is very bitchy that way.

Unlike Warriors, Cubs decide to go to White House; Maddon explains choice

Unlike Warriors, Cubs decide to go to White House; Maddon explains choice

WASHINGTON — Within a matter of days last November, the Cubs won a staggering World Series for the first time in 108 years and Donald Trump won a scathing election to become the 45th president.

Those two surreal worlds will collide again on Wednesday when a group of Cubs get a private White House tour that can be interpreted as a political statement, something larger than this four-game series against the Washington Nationals.

This comes less than six months after the Cubs enjoyed an East Room ceremony that became the final official event at Barack Obama’s White House, at a polarizing time when speculation centered on whether or not the Golden State Warriors would skip the traditional photo op with Trump, not wanting to make an implicit endorsement after winning another NBA title.

“You’d have to talk to the Warriors,” manager Joe Maddon said Tuesday. “To go tomorrow is out of respect to the Ricketts family and to the office and the building itself. Listen, I like the United States a lot. I like living here a lot. And I like everything that it represents a lot.

“So when you get a chance as a citizen to get to go to the White House, you go. I think you go. Whether you like the person that’s running the country or not — out of respect to the office itself — you go.

“I don’t agree with all the other banter that’s going on right now, because I have a different perspective.”

READ MORE AT CSNChicago.com

Warriors announce 2017 Summer League schedule, roster

Warriors announce 2017 Summer League schedule, roster

OAKLAND – The Golden State Warriors have announced the team’s roster and schedule for 2017 NBA Summer League in Las Vegas. Warriors Assistant Coach/Player Development Chris DeMarco will serve as head coach of the team in Golden State’s 12th summer in Vegas, which tips off on Saturday, July 8.

Golden State’s Summer League roster is highlighted by current Warriors players Damian Jones, Kevon Looney and Patrick McCaw, who helped the club capture its second NBA championship in three years and fifth in franchise history in 2016-17. The Warriors’ Summer League entry will also feature Jordan Bell, the 38th selection in last week’s NBA Draft, who was named the Pac-12 Defensive Player of the Year last season as a junior at Oregon. Additionally, Golden State’s squad includes Jabari Brown, Elgin Cook and Alex Hamilton, who were all members of the Santa Cruz Warriors, Golden State’s NBA G League club, in 2016-17.

The Warriors, who won the inaugural Summer League title in 2013, own a 36-23 (.610) all-time record at NBA Summer League, the most wins in the history of the annual event. Teams will play three preliminary games between July 7-11 before being seeded in a tournament that begins on July 12 and concludes with the Championship Game on Monday, July 17. Each team will play a minimum of five games in Las Vegas.

Below is the Warriors’ 2017 NBA Summer League schedule and broadcast information for their three preliminary games in Las Vegas:

Saturday, July 8 vs Philadelphia 76ers -- 7:30pm PDT
Monday, July 10 vs Cleveland Cavaliers -- 5:30pm PDT (On NBC Sports Bay Area)
Tuesday, July 11 vs Minnesota Timberwolves -- 5:30pm PDT

Listed below is Golden State’s roster for 2017 NBA Summer League:

GOLDEN STATE WARRIORS 2017 SUMMER LEAGUE ROSTER*

 

NO

Player

POS

HT

WT

BORN

COLLEGE/FROM

LAST TEAM

NBA EXP.

12

Bryce Alford

G

6-3

185

1/18/95

UCLA/USA

UCLA

R

18

Noah Allen

G/F

6-7

215

2/1/95

Hawaii/USA

Hawaii

R

2

Jordan Bell

F

6-9

224

1/7/95

Oregon/USA

Oregon

R

25

Chris Boucher

F

6-10

200

1/11/93

Oregon/Canada

Oregon

R

32

Jabari Brown

G

6-4

215

12/18/92

Missouri/USA

Santa Cruz Warriors

1

8

Elgin Cook

F

6-6

206

1/15/93

Oregon/USA

Santa Cruz Warriors

R

10

Deividas Dulkys

G

6-5

196

3/21/88

Florida State/Lithuania

Obradoiro (Spain)

R

31

Dylan Ennis

G

6-2

195

12/26/91

Oregon/Canada

Oregon

R

33

Alex Hamilton

G

6-4

195

10/5/93

Louisiana Tech/USA

Santa Cruz Warriors

R

40

Justin Harper

F

6-10

225

8/30/89

Richmond/USA

Globalport (Philippines)

3

15

Damian Jones

C

7-0

245

6/30/95

Vanderbilt/USA

Golden State Warriors

1

5

Kevon Looney

F

6-9

220

2/6/96

UCLA/USA

Golden State Warriors

2

0

Patrick McCaw

G

6-7

185

10/25/95

UNLV/USA

Golden State Warriors

1

6

Xavier Munford

G

6-2

180

6/1/92

Rhode Island/USA

FC Barcelona (Spain)

1

7

Joe Rahon

G

6-2

195

10/1/93

St. Mary’s/USA

St. Mary’s

R

19

Tai Webster

G

6-4

195

5/29/95

Nebraska/New Zealand

Nebraska

R

55

Darrell Williams

F/C

6-8

245

9/15/89

Texas A&M-Commerce/USA

Bnei Herzliya (Israel)

R

4

JaCorey Williams

F

6-8

220

6/12/94

Middle Tennessee State/USA

Middle Tennessee State

R

 The Golden State Warriors media services provided this report.