Doug Robinson: Shssh, don't tell the Millers about the rich offers for the Sacramento Kings
The Miller family will certainly feel a responsibility to continue that legacy, but for how long can they continue to say no when the value of an NBA franchise has skyrocketed? Don’t they have to look at these offers? NBA franchises are a hot commodity. Who wouldn’t be tempted? Just two years ago, Forbes Magazine reported that the average value of an NBA franchise was $369 million. This year they reported the average value is $510 million — a 30 percent jump from last year.
In the last years of his life, Larry Miller established the Larry H. and Gail Miller Family Foundation, which will fund charities and various causes. Eventually, the entire Miller fortune will be placed in the foundation, including the Jazz. But the sale of the team would provide a lot of money for the foundation.
How can they ignore these offers when there are men like Hansen and Ballmer who have lost all rationality when it comes to wanting a franchise?
The Millers aren't likely to cave in to absurdly rich offers, but it must be tempting, no matter who you are.
Doug Robinson's columns run on Tuesdays and Wednesdays. EMAIL: email@example.com.
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