HoopsHype Madison Square Garden rumors


June 6, 2014 Updates

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
May 18, 2013 Updates

The Nets ownership is increasingly interwoven with the Islanders. They don't own any equity stake in Charles Wang's rising NHL team, but the Bruce Ratner - Mikhail Prokhorov combination will be the Islanders landlords in Brooklyn and have taken over the business operations of the Islanders as well. Moreover, arena ownership wants the contract to renovate Nassau Coliseum -- and believe they have an advantage over the competition, including Madison Square Garden, in that the Islanders have agreed to play six games in the new Coliseum if the Barclays Center team wins. Could MSG, that is the Rangers, stop them? "Sources" talking to the Post and ESPN claim they can. Ratner disagrees. Actually, things are beginning to get a little dicey between MSG and BC. The Post and ESPN report that the NHL and the Rangers would have to approve any games played outside the home ice of Barclays Center. "He made a promise that is not 100 percent in his hands," according to a "person familiar with the situation" quoted by ESPN New York. NetsDaily

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