Buy an NBA Team Today… Mark Cuban Did!
After I just wrote about Mark Cuban attending BlogWorld next, I started thinking to myself again about NBA teams and how much it would cost to acquire a team. After some research, I found an article that is a couple years old, but still a good resource. It’s called "Five NBA Teams That Could Be Yours for the Right Price" and it lists the following five teams at the following asking prices:
|1.) Portland Trail Blazers
ASKING PRICE: $350M minimum
2.) Philadelphia 76ers
3.) Memphis Grizzlies
4.) Orlando Magic
5.) Milwaukee Bucks
The prices on these teams aren’t bad considering Forbes did a full report on "The Business of Basketball" and evaluated all of the NBA teams and players. The New York Knicks and Los Angeles Lakers would cost you almost $600 Million at market value prices. If only I had that extra $350 million laying around, I could pick up the Orlando Magic! 🙂
After looking up all of these different reports and sites, I found one more interesting article about the Charlotte Bobcats and how they have been stuck with the domain name, www.bobcatsbasketball.com for the past three years, because the rights to www.bobcats.com belonged to a bobcat breeder in Montana.
|"Barbara Roe owns Bitterroot Bobcat and Lynx in Stevensville, Mont., and had the rights to the Web site name for 10 years. She says team officials began asking her in 2004 about buying the rights, but the early offer of a couple thousand dollars wasn’t enough. Roe says the team earlier this year met her price of about $50,000."|
Personally, I would have played hardball even more with the domain name. Forbes currently ranks the Charlotte Bobcats worth $277 Million. With a company of that size, and when they pay their players several millions of dollars, I’m sure an extra $50,000 on a domain name is nothing to them. I wouldn’t have sold for under six figures, and lifetime season tickets :). Congrats to Barbara Roe, as I’m sure the $50k was a pleasant surprise. However, the funny thing is, if you search Google for "Charlotte Bobcats", "Bobcats" or "Bobcats Basketball", the www.bobcats.com listing never appears… only the nba.com/bobcats redirect. I’m sure they just wanted to pay the $50,000 so they could advertise their new short domain name on top of the NBA backboard and for promotional purposes.
Anyway, this was just another fun post to inspire you to make more money online and help you reach for your goals. I’m sure Mark Cuban never thought he would be living his dream of being a billionaire and owning the Dallas Mavericks if you asked him 10 years ago! You could be next! (and don’t forget to hold onto your domains, you never know who might want them next!)
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