Oscar Gamble Society

Evidently Michael Jordan and Charles Barkley think its poor form for LeBron James to team up with Dwayne Wade instead of remaining in Cleveland and trying to beat him.

Of course, that’s easy for Jordan to say, since by his seventh season in Chicago he had won a championship, and had a team with the potential to repeat around him (and repeat they did, several times, as we all know). By James’ seventh season in Cleveland, instead of Scottie Pippen in his prime he got a decrepit Shaq certain to decline further, and despite James’ efforts to recruit top free agents to join him in Cleveland, he had little hope of enjoying a championship-caliber team around him in the foreseeable future.

Barkley adds “But I don’t think in the history of sports you can find a two-time defending MVP leaving to go play with other people.”

Um, Charles, let’s discuss the concept of sample size. You’re looking for Two-time defending MVPs, by implication, in the free agent era, who win the second MVP in the last year of their contract, and who are on teams ill-equipped to compete for a championship. The point is trivially true but lacks any real meaning.

Jordan and Barkley sound like crotchety old farts. The article I read didn’t say whether they followed their comments by shaking their fists in the air and yelling for James and Wade to get off their lawn, but I can only assume…

… is his wife.  No, she wasn’t in the room - but she knows exactly what happened:

http://www.cnn.com/2010/CRIME/07/16/crime.taylor.lkl/index.html?eref=igoogle_cnn

Well, I guess everyone can go home now.  This case is closed.

I don’t see those WWJD wristbands around baseball too much - likely because as much as many may well like Je-sus, he no help them hit a curveball.  But I wonder if he could help the Brewers front office decide what to do as they muddle along in the midst of another forgetful season - currently sitting with a 40-50 record, nowhere close to the division or the wild card.  If they’re active as this year’s trading deadline approaches, it will be as sellers, not buyers.  No CC Sabathia walking through that door *this* July, Brewers fans.  So, WWJD? (more…)

The Golden State Warriors are being sold for a record $450 million. Which raises an interesting question: is the price proof that the owners’ cries of poverty are unfounded, or does it reflect an expectation that, whether via lockout or not, a genuinely unsustainable economic system will be fixed to the benefit of the new owners?

The Warriors were last sold in 1995 for $119 million; the current price represents roughly 9.25% annual appreciation. Which handily beats the roughly 4.5% annual appreciation in the S&P 500 over the same period. Of course, that excludes dividends, which might add another 2% to the annual return on the S&P, and also excludes profits (or various forms of self-dealing to reduce profits) extracted from the Warriors, which I have no idea how to estimate.

I suppose there could be a third option: perhaps new owners could increase the value of the franchise by relocating it from Oakland to San Jose? Or at least San Francisco (though I’m not aware of a suitable arena there)? Wouldn’t an NBA team benefit from playing in closer proximity to the vastly greater wealth of Silicon Valley relative to the East Bay? Gonzo, am I way off base here?

Leave it to The Onion:

http://www.theonion.com/articles/umpires-perfect-game-goes-completely-unnoticed,17664/

Well, thankfully, we’ve finally heard the Reverend Jesse Jackson’s always-insightful analysis of the Lebron situation:

http://www.thedailybeast.com/cheat-sheet/item/jesse-jackson-lebron-no-runaway-slave/basketball/

Much analysis has been offered regarding Dan Gilbert’s post-Decision outburst, but leave it to Jesse to get to the heart of the matter:  “He sees Lebron as a runaway slave.”  Wow. (more…)

http://uk.video.yahoo.com/watch/7834580?fr=yvmtf

I don’t get the negativity toward LeBron James for going to Miami.

I understand that Cleveland fans are disappointed, but why would James have any special obligation to toil in Cleveland when better opportunities for success -and a state without an income tax - beckon? Because he had the misfortune to be born in Akron? The Cavs had seven years to build a championship team around him and failed to do so, making Dan Gilbert’s bitterness especially hard to understand. And “guaranteeing” that the Cavs will win a title before the James - Wade - Bosh combo in Miami? I’ll take that action, Mr. Gilbert.

I am equally mystified by naysayers claiming that a payroll top-heavy with superstars will deny the Heat the bench quality to win a title. The Celtics should have put that thesis to rest, and with a much older trio of superstars. More to the point, the fact that there was no question regarding the financial terms of James’ contract - he would earn the maximum permitted under the CBA - highlights the key aspect of NBA economics. Namely, the max salary causes the very best players to be underpriced relative to their market values - the CBA essentially codifies a wealth transfer from superstars, who earn less than they would in a free market, to mid-level players, who earn far more than they would in a free market (there are so many examples of this it would be churlish to cite just one or two). The upshot of which is that it is preferable to have a top-heavy salary structure, since the underpriced superstars offer dramatically more value for the salary dollar than merely very good players, even if one consequence is filling out the roster with inexpensive journeymen.

Perusing the Boston Globe this past Sunday, and saw a little chart showing each team’s average home and road attendance.  Not surprisingly, the Yankees are the top road team (35,612).  Reigning WS champs, a number of well-known players, hated by so many yet also have fans everywhere… you know all the reasons.  The Red Sox are #2 (32,667).  They are not WS champs, but have won recently enough.  More to the point, they have a number of well-known players, are now hated by many yet also have fans everywhere… again, you know the reasons.  But while the Yankees are #1 in MLB, the Sox are only #2 in the AL.  The #2 team in MLB average road attendance - and #1 in the NL is… wait for it… the Houston Astros?! (more…)

I haven’t watched Wimbledon in about 20 years.  But last week I was transfixed by the first-round match between USA’s John Isner and France’s Nicolas Mahut.  It took them parts of three days to complete it.  For the tennis ignorants among you, men’s tennis generally is played to a best 3-of-5 match - first to win 3 sets wins the match.  To win a set, you must be the first to win 6 games in that set, but you must win by 2.  If the score is 6-5, they play an additional game.  If someone wins 7-5, fine.  But if it is then tied 6-6, it goes to a tiebreaker - where instead of 15, 30, 40, etc, the points are simply 1, 2, 3… up to 7… again, you must win by two.  Wimbledon is one of the few tournaments that I know of that does *not* have a fifth-set tiebreaker.  In other words, in any of the first four sets (regardless of whether it’ll end the match or not), they will go no higher than 7-6 in terms of games… and the 13th game is a tiebreaker.  These can go long (see Borg/McEnroe almost 30 years ago now), and can be quite riveting - but they don’t go for… three days. (more…)