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07/09/2010 -
NEW YORK (AP) - Now that LeBron James has decided to play basketball in Miami, shares of Madison Square Garden Inc., owner of the New York Knicks, have gone south as well.
Madison Square Garden shares had risen as much as 11 percent this month as a nationwide fervor mounted over what team the superstar free agent would pick.
The two-time league MVP's announcement Thursday in an hourlong ESPN special that he'd leave Cleveland to play in Miami instead of New York, Chicago, New Jersey or any other bidding team's cities sent the company's stock down 94 cents, or 4.6 percent, to close Friday at $19.44.
That was below the low reached two trading days before the start of the free agency shopping spree began on July 1. The shares had hit a two-week high on Wednesday of $21.91.
But all hope is not lost for the Knicks or its owner, says Gabelli & Co. analyst Christopher Marangi.
Right after James' announcement, the once-hopeful Knicks made some last-minute swaps that should still improve the team and its owner's financial prospects, he said.
The Knicks traded productive center David Lee to the Golden State Warriors for forwards Anthony Randolph, Kelenna Azubuike and Ronny Turiaf. The move means the team won't have to pay Lee a big salary, giving it salary cap room to make additional moves this season.
Also, the team will save millions of dollars on a luxury tax that would have been imposed had it signed James and boosted its payroll higher, he said.
``While the Knicks won't get instantly better, the Knicks without LeBron James should improve,'' Marangi said.
He noted that the Knicks finally loosened the purse strings by acquiring Amare Stoudemire from Phoenix and have the financial wherewithal to make other moves this season that could improve its performance on the court.
``Earnings should go up as a result,'' he said.
The Knicks have posted nine straight losing seasons, a franchise record, in part because they gutted their roster to free up money for a player like James.
The Knicks entered the free agency shopping spree with the most salary cap room in the league with $34.1 million - enough for two players earning the maximum salary, with about half for each. After picking up Stoudemire, it still had $17 million to spend on James. That money can now be used elsewhere.
``We are disappointed that LeBron James did not pick the New York Knicks, but we respect his decision,'' Knicks president Donnie Walsh said late Thursday.
The bitterly disappointed owner of the Cleveland Cavaliers owner Dan Gilbert ripped James in an open letter on the team's website.
``The self-declared former 'King' will be taking the 'curse' with him down south,'' he wrote.
Marangi had estimated signing James could have boosted earnings before interest, taxes, depreciation and amortization by $30 million to $50 million per year. The company would have benefited from increases in the MSG television network's advertising revenue, attendance at games, and concession and merchandise sales.
Now James takes some of that financial heat down to Miami and team owner billionaire Micky Arison, the CEO of cruise company Carnival Corp., which operates its namesake, Holland America, Princess and other cruise lines.Copyright © 2005 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
<< Flyers sign RW Zherdev
Philadelphia, PA (Sportsbook Betting Lines) - The Philadelphia Flyers signed free agent
right winger Nikolai Zherdev to a one-year contract on Friday.
Zherdev played five seasons in the NHL, four with the Columbus Blue Jackets
and one with the
<< Ducks send D Eminger to Rangers
Anaheim, CA (Sportsbook Betting Lines) - The Anaheim Ducks have acquired forwards Aaron
Voros and Ryan Hillier from the New York Rangers in exchange for nomadic
defenseman Steve Eminger.
Voros registered three goals and four assists in 41 game
<< Rain stops U.S. Women's Open
Oakmont, PA (Sportsbook Betting Lines) - Heavy rainfall and lightning in the area forced
the suspension of Friday's second-round play at the U.S. Women's Open at
Oakmont.
Sophie Gustafson birdied the first hole, her only hole on Friday, to move in
fr
<< Raiders ink two from draft class
Oakland, CA (Sportsbook Betting Lines) - The Oakland Raiders have signed offensive
linemen Jared Veldheer and Bruce Campbell, two members of the team's 2010
draft class.
Veldheer, taken 69th overall in the third round, started 46 games
Rangers reportedly land Lee; PC scheduled >>
Arlington, TX (Sportsbook Betting Lines) - The Texas Rangers are holding a press
conference at 6 pm (et) to make a major announcement.
According to multiple sources, including Evan Grant, who covers the team for
the Dallas Morning News, the
Rangers emerge as winner of Lee sweepstakes >>
Arlington, TX (Sportsbook Betting Lines) - The Texas Rangers have acquired highly
sought-after pitcher Cliff Lee, along with pitcher Mark Lowe and cash
considerations, from the Seattle Mariners in exchange for first baseman Justin
Smoak and three minor
White Sox lose Peavy for season >>
Chicago, IL (Sportsbook Betting Lines) - The Chicago White Sox will be without the
services of Jake Peavy for the rest of the season after the right-hander
announced Friday he will undergo surgery.
Peavy has a detached latissimus dorsi m
David Lee on his way to Warriors in sign-and-trade >>
Oakland, CA (Sportsbook Betting Lines) - The Golden State Warriors have acquired
forward/center David Lee in a sign-and-trade with the New York Knicks.
The Warriors sent forwards Kelenna Azubuike, Anthony Randolph and Ronny Turiaf
and a 2012 s
Albert Pujols to be This Year's Home Run Champ Says Online Sportsbook
Barry Bonds is a 50-1 long shot to be this year's home run champ odds. The favorite to be this year's home run champ is none other than Albert Pujols, however.
Now that Barry Bonds is signed and in Giants camp, it is on to his pursuit of all of sports most prestigious records: the all-time home run mark. Bonds sits just 21 homers shy of tying Hank Aaron for the career mark at 755. Word out of Giants’ camp is that Bonds is the healthiest he has been in a few years. Bonds is just two seasons removed from his injury riddled 2005 campaign where he played in only 14 games and hit only 5 home runs. He did come back last year and had a solid season hitting .270 with 26 bombs. All eyes will be on Bonds this spring and summer not only because of his home run chase but his highly publicized steroid abuse allegations. If and when Bonds breaks the record, he surely will not get the positive attention one should for breaking a record that was once thought of as “unbreakable”. Despite Bonds decent season last year, he is just 50-1 at MySportsbook.com to lead the MLB in long balls this season.
Not surprisingly, the favorites to go deep the most times this season are Albert Pujols 5-1, Ryan Howard 6-1, David Ortiz 8-1 and Alex Rodriguez 12-1. With 49 homers, Pujols finished second in the National League behind Howard (58). Pujols is considered the favorite due to the consistent power numbers that he has posted since breaking into the league in 2001. Also one must consider the fact that he played in 16 fewer games then Howard did due to an injury. Howard smashed 58 homers in his first complete season of big league play en route to the National League MVP odds award. He silenced his critics by successfully hitting left-handed pitching. Howard also displayed the ability to use his power to the opposite field. Two attributes which should keep Howard amongst the league leaders in long balls for years to come. From the American League representatives, David Ortiz leads the field. Ortiz was second in the majors last year with 54 home runs. Except for 1999 when he only played in 10 games, Ortiz has improved on his home run numbers each year he has been in the majors (1997).
Be sure to log onto online sports betting site MySportsbook.com to check out the odds for who will lead the MLB in home runs this season. Below is just a sample of the players listed. With the highest credit card rates in the industry, MySportsbook.com is the place to bet on baseball this summer.
World Series odds
Adam Dunn 15-1
Albert Pujols 5-1
Alex Rodriguez 12-1
Alfonso Soriano 15-1
Andruw Jones 25-1
Barry Bonds 50-1
Carlos Delgado 40-1
David Ortiz 8-1
Jermaine Dye 40-1
Ken Griffey Jr. 100-1
Lance Berkman 40-1
Manny Ramirez 20-1
Richie Sexson 40-1
Ryan Howard 6-1
Travis Hafner 20-1
Vladimir Guerrero 40-1
To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.
March Madness odds and printable March Madness brackets
With the field of 64/65 set, MySportsbook.com has the Florida Gators as the 4-1 favorite to successfully defend their National Championship. Men’s Division-1 College Basketball has not seen a team repeat as National Champions since Duke won back to back championships in ’91 & ‘92. After losing three out of four late in the season, the Gators are full of momentum as they won their last four games by an average of 18 points. Not surprisingly, right behind the Gators are the other three top seeds: Kansas 5-1, UNC 6-1, and Ohio State 7-1. Many consider Kansas to be the hottest team in the country, having won 11 straight. With Kansas, it is hard to ignore all of the early exits from the “dance” in recent years. With an impressive ACC Tournament, UNC ensured themselves the other top seed. UNC has about as much talent as any other team in the tournament but with a team that’s best players are primarily freshman and sophomores, could youth be a concern. Behind freshman sensation, Greg Oden, OSU will look to do what their football team failed to do just a few months earlier. OSU seems to have peeked at the right time, as they currently have a 17 game winning streak. Since the tournament field was expanded in 1985, there has never been an instance where all four #1 seeds advanced to the Final Four. It is obvious that each of the top seeds have the talent to make it through to Atlanta. But as everyone knows, when makes the NCAA Tournament so special are all of the spoilers and “Cinderella” stories that knock off the favorites on a daily basis.
Be sure to logon to MySportsbook.com to see check out all of the early lines and “March Madness” props. Also be sure to enter the “$10,000,000 Perfect Bracket Contest”. If someone has the skills to predict every winner, they will be set for life and walk away with $10,000,000. Even if no one can cash in on the Grand Prize, with a $35,000 guaranteed prize pool and a Mazda RX-8 to the first prize winner, Sportsbook.com’s bracket is a must for all “March Madness” fans.
MySportsbook.com’s odds to win the Championship and Regions:
| EAST | National Championship | Region |
| Arkansas | 300-1 | 50-1 |
| Belmont | 1000-1 | |
| Boston College | 100-1 | 40-1 |
| Eastern KY | 1000-1 | |
| George Washington | 75-1 | |
| Georgetown | 10-1 | 3-2 |
| Marquette | 100-1 | 40-1 |
| Michigan State | 100-1 | 25-1 |
| New Mexico St. | 500-1 | 200-1 |
| UNC | 6-1 | 6-5 |
| Oral Roberts | 500-1 | |
| Texas | 15-1 | 5-1 |
| Texas Tech | 200-1 | 5-1 |
| USC | 75-1 | 20-1 |
| Vanderbilt | 100-1 | 30-1 |
| Washington State | 40-1 | 15-1 |
| WEST | ||
| Duke | 50-1 | 10-1 |
| Florida A&M | 1000-1 | |
| Gonzaga | 200-1 | 40-1 |
| Holy Cross | 300-1 | |
| Illinois | 300-1 | 60-1 |
| Indiana | 75-1 | 40-1 |
| Kansas | 5-1 | 13-10 |
| Kentucky | 100-1 | 40-1 |
| Niagara | 1000-1 | |
| Pittsburgh | 40-1 | 8-1 |
| Southern Ill. | 50-1 | 12-1 |
| UCLA | 10-1 | 3-2 |
| VCU | 500-1 | 100-1 |
| Villanova | 100-1 | 40-1 |
| VA Tech | 50-1 | 15-1 |
| Weber St | 1000-1 | |
| Wright St | 1000-1 | 300-1 |
| MIDWEST | ||
| Arizona | 50-1 | 30-1 |
| Butler | 40-1 | 30-1 |
| Davidson | 300-1 | |
| Florida | 4-1 | 4-5 |
| Georgia Tech | 75-1 | 25-1 |
| Jackson State | 1000-1 | |
| Maryland | 30-1 | 6-1 |
| Miami-OH | 300-1 | |
| Notre Dame | 100-1 | 20-1 |
| ODU | 500-1 | 100-1 |
| Oregon | 40-1 | 6-1 |
| Purdue | 300-1 | 60-1 |
| Texas A&M CC | 1000-1 | |
| UNLV | 100-1 | 30-1 |
| Winthrop | 500-1 | 100-1 |
| Wisconsin | 15-1 | 7-2 |
| SOUTH | ||
| Albany | 200-1 | |
| BYU | 200-1 | 40-1 |
| Central CT St. | 1000-1 | |
| Creighton | 100-1 | 35-1 |
| Long Beach St. | 500-1 | 200-1 |
| Louisville | 40-1 | 10-1 |
| Memphis | 30-1 | 4-1 |
| Nevada | 75-1 | 35-1 |
| North Texas | 500-1 | |
| Ohio State | 7-1 | 6-5 |
| Penn | 500-1 | |
| Stanford | 200-1 | 50-1 |
| Tennessee | 100-1 | 20-1 |
| Texas A&M | 12-1 | 11-5 |
| Virginia | 75-1 | 18-1 |
| Xavier | 100-1 | 40-1 |
About MySportsbook.com MySportsbook.com is the largest sportsbook and casino on the planet, where millions of adult Americans bet on sports, play poker and enjoy blackjack and other casino games online in a regulated and licensed jurisdiction. Named the "Best US Sports Book" by the industry's top magazine, eGaming Review, MySportsbook.com has been leading the online gaming industry since 1996. Dwarfing its nearest competitors in the US, MySportsbook.com has been the first to achieve every significant industry milestone, from record turnover to active users to number of bets--achieving a peak of fifteen bets per second. As the US online gaming leader, the firm and it's products have been featured on CBS 60 Minutes, CNN, ESPN, Wall Street Journal, Barrons, Financial Times, USA Today and in every major newspaper in the US.
To bet on March Madness games this online sportsbook accepts credit cards.
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