Is Lewis worth $120 mil?

Discussion in 'Pistons and NBA' started by mikhail1973, Jul 11, 2007.

  1. LA Dre

    LA Dre All-Star 1x Fantasy Champion Forum Donor

    Joined:
    Sep 1, 2005
    Messages:
    12,386
    Likes Received:
    1,538
    Location:
    Rancho Cucamonga, CA
    Big mistake by Orlando for the 4th time in 10 years.

    First they let Jerry West steal Shaq from them by offering him Hollywood fringe benefits to go along with the ca$h.

    Next they mortgaged the organization on Grant Hill who played about 47 games in his first four years and made millions to sit at home and paint with a bum wheel while his team-mates suffered.

    Then they trade of T-mac to the Rockets for Stevie Franchisebreaker:pound: and now giving Lewis all that money to play with Howard and a bunch of scrubs.
  2. TaS

    TaS All-Star Forum Donor

    Joined:
    Sep 1, 2005
    Messages:
    17,351
    Likes Received:
    2,712
    Gender:
    Male
    Location:
    Chicaaago
    Just answering one of my previous rhetorical questions...

    The Inflation Calculator

    Isiah's $2.5Mill salary in 1993 is the equivelent of $3,465,613 in 2006 dollars.

    So, yeah, the league's salary's have escalated way faster than inflation.


    If you won a PGA golf tournament back in 1990, the prize was about $180,000. Now it is usually close to $1Mill. That is the Tiger Woods effect.
  3. Nemo

    Nemo The Great Predictor Forum Donor

    Joined:
    Dec 1, 2006
    Messages:
    11,794
    Likes Received:
    1,255
    Gender:
    Male
    Location:
    Lake Elmo
    Just gotta wonder what HIS teammates are thinking....................:gun1:
  4. buddahfan

    buddahfan Retired from Forum

    Joined:
    Sep 1, 2005
    Messages:
    5,361
    Likes Received:
    1
    I hear the Magic are paying Lewis in "Toons Currency" printed in one of the back rooms of the Magic Kingdom in Disney World.

    :hoops:
  5. mikhail1973

    mikhail1973 All-Star Administrator 1x Fantasy Champion

    Joined:
    Mar 23, 2007
    Messages:
    9,434
    Likes Received:
    349
    Gender:
    Male
    Location:
    Kiev - Farmington Hills, MI - Santa Clara, CA
    :pound: :pound: :pound:
  6. Warthog

    Warthog Bench Warmer

    Joined:
    Sep 1, 2005
    Messages:
    2,587
    Likes Received:
    6
    Location:
    Sterling Heights, MI
    terrible deal.
  7. TaS

    TaS All-Star Forum Donor

    Joined:
    Sep 1, 2005
    Messages:
    17,351
    Likes Received:
    2,712
    Gender:
    Male
    Location:
    Chicaaago
    Are the Magic fans excited about this?

    He is a good player and he will open things up for DHo. Maybe their owner will just have to pay some luxury tax for a few years.
  8. ggazoo69

    ggazoo69 Team Captain Forum Donor

    Joined:
    Sep 1, 2005
    Messages:
    3,037
    Likes Received:
    123
    Location:
    Mansfield Center, CT
    From Adrian Wojnarowski's Yahoo column. This sums it up pretty well:

    "When the maximum contract was instituted a decade ago, it wasn't designed for the likes of Lewis. Especially for a small market team that'll never allow itself to wade into the luxury tax, Magic general manager Otis Smith spent tens of millions more than the market dictated him to do. For a terrific shooter who isn't considered one of the sport's elite players, Lewis has to consider his contract the sport's biggest steal since Denver gave Kenyon Martin's $93 million in 2004."
  9. mikhail1973

    mikhail1973 All-Star Administrator 1x Fantasy Champion

    Joined:
    Mar 23, 2007
    Messages:
    9,434
    Likes Received:
    349
    Gender:
    Male
    Location:
    Kiev - Farmington Hills, MI - Santa Clara, CA
    That's just about right.
  10. Nemo

    Nemo The Great Predictor Forum Donor

    Joined:
    Dec 1, 2006
    Messages:
    11,794
    Likes Received:
    1,255
    Gender:
    Male
    Location:
    Lake Elmo
    Even Magic Johnson isn't worth 120 million in today's dollars...
  11. buddahfan

    buddahfan Retired from Forum

    Joined:
    Sep 1, 2005
    Messages:
    5,361
    Likes Received:
    1
    Say What?

    Are you kidding? - Magic is worth a heck of a lot more than $120 million in today's dollars, for sure!!!!

    Magic Johnson - Biography

    :hoops:
  12. mikhail1973

    mikhail1973 All-Star Administrator 1x Fantasy Champion

    Joined:
    Mar 23, 2007
    Messages:
    9,434
    Likes Received:
    349
    Gender:
    Male
    Location:
    Kiev - Farmington Hills, MI - Santa Clara, CA
    It's just, like, your opinion, man.
    :stirthepot:
  13. buddahfan

    buddahfan Retired from Forum

    Joined:
    Sep 1, 2005
    Messages:
    5,361
    Likes Received:
    1
    Not my opinion.

    That was the comment in the link.

    I don't know if he is worth $900 million or not, but if you do a Google search on "Magic Johnson Net Worth" you get a number of links some going back 5 years ago or more that said that he was worth several hundred million even in the 90s and the more recent link say things like $700 million in 2005.

    :hoops:
  14. buddahfan

    buddahfan Retired from Forum

    Joined:
    Sep 1, 2005
    Messages:
    5,361
    Likes Received:
    1
    Having lived in Los Angeles for over 35 years I have had the opportunity to listen to and read a lot of Magic Johnson interviews that did not make the national press, though of course a lot of them did when he was playing.

    The guy is just a smart dude, plain and simple. He is likable, smart, ambitious and has excellent financial and business advisors.

    It wouldn't surprise me if he were worth over $1 billion at this point.

    His Hollywood credentials alone, to say nothing of his investments in commercial real estate which is still appreciating in value in Los Angeles are immense.

    :hoops:
  15. mikhail1973

    mikhail1973 All-Star Administrator 1x Fantasy Champion

    Joined:
    Mar 23, 2007
    Messages:
    9,434
    Likes Received:
    349
    Gender:
    Male
    Location:
    Kiev - Farmington Hills, MI - Santa Clara, CA
    Great for him. You're not going to see many entertainers (and I would lump sports, movies, music and such together) do as well outside their primary talents. I would list people like Magic and Madonna at the top of the list. But for each one of them there are ten Rodmans who blow everything they have gathered while performing and file the bankrputcy because they can't even pay their current bills.

Share This Page