ReportWire

Tag: PHLSixersNation

  • The Rising Cost of Victory – Philadelphia Sports Nation

    The Rising Cost of Victory – Philadelphia Sports Nation

    [ad_1]

    Philly’s Sports Teams Are Spending for Success. Is It the Right Thing To Do In A 2024 Economy?

    Ladies and gentleman, Philadelphia is on a shopping spree. It’s like an all-expense paid weekend at the mall with the family. Spend any amount that you’d like — how about over a billion dollars for a championship?

    Last month, I wrote a piece that mentioned the economic and financial appropriateness of holding an Eagles home game in Brazil among other factors. Is an investment of over a billion dollars by Philly’s big four sports franchise worth it to march down Broad Street?

    This week, the NBA announced an agreement for 11 years on its new media deals worth $76 billion. The contract will most likely come with a 10% cap increase for NBA teams like the Sixers.

    Astronomical sports contracts are not unique to Philadelphia. The continued and steady growth of sports’ figures contracts in the last 30+ years while simultaneous ballooning of our National Debt which is now over $34 Trillion is both as unsustainable as it is troubling.

    Photo Courtesy of Sixers Nation on X.

    The Eagles positioned themselves in March to enter the Draft already occupying $219.4 million of Cap space. The Eagles solidified their wide receiver duo in April with A.J. Brown signing until 2028 with a three-year $96 million deal and his teammate Devonta Smith signing a three-year, $75 million deal. The Eagles once again made a splash in Two contract extensions for both Devonta Smith (3-year, $75 Million) and AJ Brown (3-year, $96 Million) and the signing of All-Pro and former Penn State running back Saquon Barkley (3-year $37.75 Million) having already placed the Eagles as an 18–1 favorites to win a Lombardi in 2025.

    Photo Courtesy of Eagles Nation on X.

    The Eagles signed former Jets linebacker Bryce Huff to a three-year, $51.1 Million deal the un-drafted free agent out of Memphis in 2020 as well as former Wisconsin star Zach Baun from the Saints, former 49ers linebacker Oren Burks, and safety CJ Gardner-Johnson also returned to the team. Offensive lineman Matt Hennessy was also signed by Philly.

    Photo Courtesy of Eagles Nation on X.

    The Eagles also earned one of the best grades in the NFL at the Draft by adding key talent, with all draft picks now signed as of June 6th. In the first round they drafted Toledo cornerback Quinyon Mitchell. In the second round, they added another defensive back Cooper DeJean. In the third round they drafted Jalyx Hunt an outside linebacker from Houston Christian. In the fourth round, they drafted Will Shipley from Clemson. In the fifth round, the Eagles added wide receiver Ainais Smith from Texas A&M, Jeremiah Trotter, Jr. from Clemson, and Guard Trevor Keegan from Michigan. Philadelphia’s draft selections ended in the sixth round with wide receiver Johnny Wilson from Florida State, Guard/Center Dylan McMahon from NC State.

    The Flyers joined the free agent scene by signing Matvei Michkov to a multi-year deal with a yearly affect on the cap of around $950,000.00. They also took the step of re-signing Bobby Brink to a two-year, $3 Million Contract. With the thirteenth overall pick in the 2024 NHL Draft, they selected Jett Luchanko, who is a center.

    And who can forget our NL East leading Philadelphia Phillies who are carrying a 141-year old franchise-record for payroll in 2024 of $262 Million, which includes a cap hit of part of the 13-year, $330 million contract of Bryce Harper? In March, Zach Wheeler and the Phillies announced an MLB-record contract extension, a three year, $126 million deal. The deal won’t kick in until the start of 2025 — but when it does — Wheeler’s $42 million salary will represent the largest extension in MLB history by annual average.

    Last month, it was the Sixers who invested nearly half a billion dollars at the chance to support Joel Embiid and Tyrese Maxey with their quest for an NBA Title in 2024–2025 by adding veteran forward Paul George to a four-year, $212 Million max contract. The team also gave Tyrese Maxey a five-year, $204 Million extension, along with Kelly Oubre Jr. (2 years, $16 Million,) Andre Drummond (2 years, $10 Million,) and Eric Gordon (1 year, $3.3 Million.) The Sixers also drafted Adem Bona out of UCLA and Jared McClain out of Duke.

    Philadelphia currently ranks 33rd in the US for economic growth and has a has an unemployment rate of 3.9%. Given these current economic conditions, should Philly’s big-four sports franchises be investing in record contracts to win it all?

    Ask me after the championship parade.

    The post The Rising Cost of Victory appeared first on Philadelphia Sports Nation.

    [ad_2]

    Michael Thomas Leibrandt

    Source link

  • Even Before the Ink Was Dry – Philadelphia Sports Nation

    Even Before the Ink Was Dry – Philadelphia Sports Nation

    [ad_1]

    Just Like July of 1776, Philadelphia Is Positioning Itself To Make History Once Again.

    Two Hundred and Fourty-Eight years ago — during a sweltering summer July in Philadelphia — our nation was born thanks to the brave leadership of 56 founding fathers. For seventeen days in June — Thomas Jefferson — worked each day out of a house that he had taken up residence in at 700 Market Street and poured for seventeen days on the first draft of what would become the Declaration of Independence. Occasionally he wandered into Philadelphia’s taverns, sipped ale and touched pen to hallowed parchment and inked a rough draft of those words which have become lore in America.

    Photo Courtesy of Wiki Commons.

    When the final version was ratified at Independence Hall (Pennsylvania State House,) it was read aloud in multiple US cities including Philadelphia. By the time that the official document was signed on August 2nd — word of America’s independence had spread across the colonies. Just like the bold vision of Thomas Jefferson and of our founding fathers — our sports teams are signing documents crucial documents as well tight here in Philly.

    Photo Courtesy of Sixers Nation on X.

    This week, it was the Sixers who invested nearly half a billion dollars at the chance to support Joel Embiid and Tyrese Maxey with their quest for an NBA Title in 2024–2025 by adding veteran forward Paul George to a four-year, $212 Million max contract. The team also gave Tyrese Maxey a five-year, $204 Million extension, along with Kelly Oubre Jr. (2 years, $16 Million,) Andre Drummond (2 years, $10 Million,) and Eric Gordon (1 year, $3.3 Million.) The Sixers also drafted Adem Bona out of UCLA and Jared McClain out of Duke.

    Across the Philadelphia Sports Complex Parking Lot, Lincoln Financial Field is the site of the enthusiasm of another Eagles season with Training Camp opening in three weeks. The Eagles have had a busy off-season with free agent signings as well as another stellar draft.

    Photo Courtesy of Eagles Nation on X.

    Two contract extensions for both Devonta Smith (3-year, $75 Million) and AJ Brown (3-year, $96 Million) and the signing of All-Pro and former Penn State running back Saquon Barkley (3-year $37.75 Million) having already placed the Eagles as an 18–1 favorites to win a Lombardi in 2025.

    The Eagles signed former Jets linebacker Bryce Huff to a three-year, $51.1 Million deal the undrafted free agent out of Memphis in 2020 as well as former Wisconsin star Zach Baun from the Saints, former 49ers linebacker Oren Burks, and safety CJ Gardner-Johnson also returned to the team. Offensive lineman Matt Hennessy was also signed by Philly.

    The Eagles also earned one of the best grades in the NFL at the Draft by adding key talent, with all draft picks now signed as of June 6th. In the first round they drafted Toledo cornerback Quinyon Mitchell. In the second round, they added another defensive back Cooper DeJean. In the third round they drafted Jalyx Hunt an outside linebacker from Houston Christian. In the fourth round, they drafted Will Shipley from Clemson. In the fifth round, the Eagles added wide receiver Ainais Smith from Texas A&M, Jeremiah Trotter, Jr. from Clemson, and Guard Trevor Keegan from Michigan. Philadelphia’s draft selections ended in the sixth round with wide receiver Johnny Wilson from Florida State, Guard/Center Dylan McMahon from NC State.

    The Flyers have made waves by signing 19-year old Matvei Michkov to a multi-year deal with an annual cap hit of about $950,000.00. They also re-signed Bobby Brink to a two-year, $3 Million Contract. With the thirteenth overall pick in the 2024 NFL Draft, they selected center Jett Luchanko.

    And who can forget our NL East leading Philadelphia Phillies who are carrying a 141-year old franchise-record for payroll in 2024 of $262 Million, which includes a cap hit of part of the 13-year, $330 million contract of Bryce Harper? In March, Zach Wheeler and the Phillies announced an MLB-record contract extension, a three year, $126 million deal. The deal won’t kick in until the start of 2025 — but when it does — Wheeler’s $42 million salary will represent the largest extension in MLB history by annual average.

    Jubilant citizens cheered the public reading of the Declaration of Independence in 1776 with the decision of brave Americans inspired by Philadelphians like Benjamin Franklin to cast off the yoke of British control and tyranny imposed by King George III’s government. The cheers emanating from the South Philadelphia Sports Complex by the thousands represents the potential and expectations of the City’s four major sports franchises in 2024 and beyond.

    It’s an excitement in Philadelphia as old as 1776.

    [ad_2]

    Michael Thomas Leibrandt

    Source link

  • How Villanova’s Legacy Beat Our Sixers – Philadelphia Sports Nation

    How Villanova’s Legacy Beat Our Sixers – Philadelphia Sports Nation

    [ad_1]

     Another Sixers Season Ends. This Time Because of Lancaster Ave.

    If you are looking to turn around your NBA franchise after an extended period of subpar play — look no further than one of the best national college basketball programs in the country.

    The Villanova Wildcats, who won National Championships in 2016 and 2018 — as well as a Final Four appearance in 2009.

    Photo Courtesy of Wiki Commons.

    For nearly seven years before Tom Thibodeau took over as coach in 2020, the New York Knicks were operating at the bottom of the Atlantic Division.

    Then something happened during their rebuild.

    When Donte DiVincenzo joined the Knicks in 2023 and brought with him two National Championships at Villanova — the New York roster was complete with Josh Hart, Scottie Reynolds, and Ryan Archidiacono. All of which, played under Jay Wright at Villanova.

    Archidiacono and DiVincenzo had been national champions.

    So what factors led to the Sixers loss to the Knicks?

    Photo Courtesy of Philadelphia Sports Nation on X.

    A New Leader — Much to the disappointment of hungry Sixers fans, Philadelphia did not replace embattled Head Coach Doc Rivers in 2023 with the trademark custom suit collection of Jay Wright confidently marching up and down the sideline. Instead, they hired Nick Nurse.

    Photo Courtesy of Philadelphia Sports Nation on X.

    A Winning Tradition — The second half of the Jay Wright Era was the best in Villanova history. Hart, Reynolds, Archiadicono and DiVincenzo were all part of that legacy of excellence.

    They’ve Proven That It’s Possible in Both the NCAA and the NBA — We already know how successful this group has been in college. As a part of the New York, they have made the Knicks into a contender as the #2 seed from the East in the Playoffs. Now they are off to the next round of the NBA Playoffs.

    An Offensive Onslaught — The Knicks scored 650 points in this series compared to the Sixers 649. Jalen Brunson had four straight games scoring at least 39 points. DiVincenzo scored 23 points in Game 6 against the Sixers including 5 for 9 from three-point land. Josh Hart had 20 points in Game 3, 18 points in Game 5, and 16 points in Game 6.

    The Mikal Bridges Debacle — Who could forget this one? (I actually forgot about it.) Bridges was actually drafted by the Sixers in the NBA Draft back in 2018 and was traded to the Suns immediately in return for draft rights to Zhaire Smith as well as a first-round pick in 2021. All because him mom worked for the team?

    This year, it wasn’t Ben Simmons unnecessarily passing on a dunk opportunity, an unfortunate Joel Embiid injury, or a Boston Celtics Game 7 onslaught.

    It was the impressive legacy of Jay Wright and the basketball excellence of Lancaster Ave.

    [ad_2]

    Michael Thomas Leibrandt

    Source link