HoopsHype Madison Square Garden rumors

September 12, 2014 Updates
August 29, 2014 Updates

Connor Sports: What is the first basketball court you can remember playing on? José Calderón: “It was in Villanueva de la Serena in Badajoz, Spain – the village where I was born. That was the court on which my father played.” Connor Sports: What is your favourite basketball court? José Calderón: “Madison Square Garden.” Sportando

July 10, 2014 Updates

It’ll be fifth All-Star game in New York next February 15, but the first time the weekend will be shared by two boroughs. The Friday and Saturday events – which include the Slam Dunk and 3-point contests – will be held in Barclays Center. Sunday’s All-Star Game will be at Madison Square Garden. As part of the agreement to split the All-Star Game, the Barclays Center will be given the chance to host Sunday’s All-Star game as early as 2017. According to the NBA, the 2012 All-Star Game in Orlando generated $95 million for the Florida city in “economic impact.” New York Daily News

June 6, 2014 Updates

The New York Knicks could now be worth $3 billion. So says Rich Tullo, an analyst at Albert Fried & Company, which made the comment as part of a note issued Friday morning to announce that the research company was revising its price target for Madison Square Garden stock upward to $85 a share. Tullo wrote that the Knicks, he believes, are now worth between $1.4 billion and $3 billion "based on percent premiums of recent sales prices paid for franchises such as the L.A. Clippers ($2 billion), the Bucks ($550 million) and New Orleans ($338 million)." ESPN.com

Tullo estimated that the Knicks generated more than $100 million in ticket sales this season, which he says was double what he estimates the Clippers did. The Knicks also get 100 percent of the money they make off suites, some leased at $1.8 million a year. Sources tell ESPN.com that the Clippers make no more than 10 percent of suite sales because of their lease with the Staples Center, which is owned by AEG. ESPN.com

April 20, 2014 Updates

But sources close to the situation told ESPN.com that the Bulls -- even before these developments came to light Friday night via noted NBA salary-cap expert Larry Coon -- were already feeling increasingly optimistic behind the scenes about their chances of convincing Anthony to leave the Knicks in the wake of New York's failure to make the playoffs. This is the first season Anthony has failed to reach the playoffs in his 11-year career. It's believed that the Bulls would still have to shed some veteran salary in addition to releasing former All-Star forward Carlos Boozer via the amnesty clause this summer to be able to make a competitive offer that could persuade Anthony to leave the new Jackson-led Knicks and the Madison Square Garden stage he loves so dearly. But a higher cap figure than anticipated would naturally make things easier for Chicago. ESPN.com

February 16, 2014 Updates

It already will be different, as the Friday and Saturday events will be at Barclays Center and Sunday's All-Star Game will be at the Garden. But Silver, in his first state of the league address, said instead of the fan-friendly Jam Session that features interactive basketball activities, the NBA might do something involving all five boroughs. "Several members of the Knicks and Nets are in town studying everything that they're doing here in New Orleans," Silver said. "One of the ideas we have talked about, and it's consistent with a focus on the game, is to expand the All-Star experience to all five boroughs through programs for kids, a series of clinics throughout the New York area. "As opposed to one focused Jam Session, taking the game to the schools and having a program involving coaches and kids leading up to All-Star Weekend, that's one of my primary focuses." Newsday

January 26, 2014 Updates
January 24, 2014 Updates

Carmelo Anthony has scored a Knicks-record 62 points — also the most at the current Madison Square Garden — in New York’s game against the Charlotte Bobcats on Friday night. Anthony set the records when he banked in a short jumper with 7:24 remaining, giving the Knicks a 109-72 lead. He broke Bernard King’s team mark of 60 points and passed Kobe Bryant’s building record of 61, set five years ago. Anthony shot 23 of 35 from the field, including a make when he took off from midcourt at the halftime buzzer, and grabbed 13 rebounds. He passed Kevin Durant’s 54 points for most in the NBA this season. New York Post

January 23, 2014 Updates
January 22, 2014 Updates

No team has benefited more than the New York Knicks. The NBA’s most valuable team for a second straight year, the Knicks are now worth $1.4 billion, up 27% from a year ago. A three-year, $1 billion renovation of Madison Square Garden pushed the Knicks’ revenue to $287 million, net of revenue sharing, last season. The Knicks’ average TV rating on the MSG Network was 3.1, up 71% from the previous season, as the team made the second round of the playoffs for the first time since 2000 (both the Knicks and MSG are owned by publicly traded Madison Square Garden Company). The playoff run and arena renovation helped the Knicks generate operating income (earnings before interest, taxes, depreciation and amortization) of $96 million–a record for an NBA franchise. Forbes.com

November 13, 2013 Updates
November 12, 2013 Updates
October 30, 2013 Updates

New York native Metta World Peace will make his regular-season debut for the New York Knicks tonight at Madison Square Garden to play the Milwaukee Bucks, and World Peace wanted to make his first journey to the Garden on game day a special one. World Peace took the New York City subway’s F-train from Queensbridge to its 34th street stop in Manhattan, much to the surprise of the other riders. Newsday reporter Jim Baumbach rode along with World Peace to chronicle his trip. For The Win

October 26, 2013 Updates

The cost exceeded $1 billion and the project took 13 long, painful years. That’s approximately how much James Dolan spent on the Knicks’ payroll dating back to 2001 before the franchise finally won a playoff series last season. Relatively speaking, the Madison Square Garden transformation – shame on you for calling it a renovation – was money and time well-spent. So what if it cost Dolan, via the Knicks and Rangers consumers, another $1 billion. The Knicks have a beautiful new venue where everything, including the state of the art scoreboard and the funky bridge, is sponsored by Chase. That makes plenty of sense since you either need to own a bank or rob one to afford the highest-priced tickets. The place smells like a new car but part of you is going to miss the stench of stale beer and burnt popcorn. You remember that just as much as you remember the crowd mocking a certain rail-thin Pacers shooting guard with cries of “Cheryl, Cheryl, Cheryl.” New York Daily News

October 25, 2013 Updates

There will be a new sight at the Garden on Friday night. As part of the transformation of Madison Square Garden, the Knicks broke from tradition and hung up a 2012-13 Atlantic Division banner in celebration of last season’s accomplishment. Previously, the Knicks had not honored their other Atlantic Division winners from 1971, 1989, 1993 and 1994. But now all five banners are up in the rafters. The Knicks play at the new-look Garden for the first time Friday night in a preseason game against the Bobcats. New York Post

August 29, 2013 Updates

The Knicks are staying local for training camp, announcing Thursday that the team will prepare for the regular season at the Madison Square Garden Training Center in Greenburgh, N.Y. The Knicks will hold media day on Sept. 30 and then will have training camp from Oct. 1-8. Newsday

August 10, 2013 Updates
August 9, 2013 Updates
July 24, 2013 Updates

The New York City Council voted Wednesday to limit Madison Square Garden's permit at its current spot above Penn Station to 10 years - a decision cheered by civic organizations campaigning to move the home of the Knicks and Rangers so the busy station can be renovated. Yahoo! Sports

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