Rick Welts Rumors

It’s the kind of economic reality that rival teams hope short-circuits this Warriors’ run, the last, great hope that the “Super Villains” core will be broken up. Except for one thing: Their Death Star, this 11-acre entertainment district that will help owners Joe Lacob and Peter Guber balance their books with concerts and shows, doesn’t have a fatal flaw. “It’s the absolute foundation for our success for – I would argue – decades to come, because it ensures that we’re going to be competitive financially with any other team in the league,” said Warriors president Rick Welts, who has spent recent years shepherding this project while navigating political minefields and, he estimates, taking part in more than 500 arena-related meetings. “Even under this new collective bargaining agreement, the numbers are getting kind of eye-popping, if they weren’t already, in terms of what it’s going to take financially to field a championship-caliber team. And I think our view is that it ensures this future for as far into the future as we can see.”
The N.B.A. stood out at the New York Pride’s March; it was the only major professional sports league to be represented. And yet, no active player since Jason Collins has come out as gay — a thorny issue, one that even Rick Welts struggles to explain. “I think the hardest thing is always active players, and I get it,” he said. “I don’t know. It’s hard. We’re dealing with very young people.”
The final element of the tribute came in the form of a gesture on behalf of the night’s sponsor, City National Bank. Midway through the first quarter, Warriors President and COO Rick Welts joined City National Executive Vice President Michael Walker to present a $10,000 check to the SagerStrong Foundation, where 100 percent of donations go to cancer research and education.