Joe Lacob Rumors

Immediately, the Warriors gained credibility. To Lacob and co-owner Peter Guber, West provided them, as they called it, “the cover of darkness.” Explains Lacob: “Our feeling was, even if we made some mistakes, at least if we had Jerry West involved, how much of idiots could we be?” At the same time, Lacob set about building the rest of the franchise foundation. Myers, a personable 36-year-old agent who’d worked under Arn Tellem, was introduced as the GM-in-waiting at the same presser as West. Nearly 10 years earlier, Myers had given West a heads-up before flying to meet clients in Memphis. West, then the Grizzlies GM, not only picked Myers up at the airport—“most of the time your friends don’t even do that,” says Myers—but insisted he stay at his house. (Hospitality is a recurring theme with Jerry).
From the start, Myers leaned on West for advice, especially once elevated to GM, replacing Larry Riley. The Warriors’ unique collaborative process evolved, with decisions undertaken by a team consisting of Lacob, Myers, West and assistant GMs Travis Schlenk and Lacob’s older son, Kirk (and, later, coach Steve Kerr). Strong opinions were expected. Disagreement was encouraged. One rival coach calls it, “one of the healthiest organizations in the NBA.”
Tech honchos have descended on Oracle Arena, the Warriors’ soon-to-be-replaced home court that has looked a lot like Madison Square Garden the past two months. In game one of the NBA Finals on Thursday with LeBron James and the Cleveland Cavaliers in town, the average ticket price for a seat was well over $1,000. Courtside seats sold for more than $50,000 apiece. At Sunday’s Game Two, longtime Apple exec Eddy Cue sat at half court. On the other side, WhatsApp founder Jan Koum cheered on the Warriors just three seats over from well-known investor Ben Horowitz. On Thursday, Warrior’s owner and former Kleiner Perkins Caufield & Byers partner Joe Lacob had to move away from the fan sitting courtside next to him because she was cheering for James. That fan was Rihanna.
The new arena will seat 18,000, less capacity than the 19,500-plus that have sold out 133 consecutive games at Oracle. There are local groups that oppose building at the new site, which is near a children’s hospital, because of concerns about egress to the hospital on game nights. But the city issued an 800-page environmental impact study on Friday that claimed it would be able to handle the additional traffic that would develop in the area if the arena — scheduled to open for the 2018-19 season — gets final approval.
Warriors owners Joe Lacob and Peter Guber made a public commitment soon after buying the team from Cohen in 2010 that they would privately finance a new arena, without any money from Bay Area municipalities, in San Francisco. The costs of the new building and surrounding developments in the Mission Bay area of the city are estimated at $1 billion. Lacob and Guber spent $450 million on the team and they’re committing up to a billion for the new digs. They have to start making their money back at some point.
In 1988, the Pistons moved even further north — 31 miles north of Detroit on Interstate 75 — to Auburn Hills, where auto-affiliated companies like BorgWarner, the parts manufacturer, and Autoliv, which makes seatbelts, airbags and other safety products, have their corporate headquarters. “It certainly went from being a blue-collar crowd at the Silverdome to a white-collar crowd,” said Joe Dumars, who played 13 seasons in Detroit after being drafted by the Pistons in 1986. “We used to always acknowledge that. The Silverdome crowd were the assembly workers who built the cars, and the Palace crowd was the executives of the auto companies.” But the move to Auburn Hills was nonetheless a financial boon for the franchise.
Lacob expressed his disappointment in Irving’s injury. “I was very saddened to hear that today because first he’s a great kid and we want to play the guys at their best strength,” he said. “They have a lot of good players. Someone will step up. Teams have a way of doing that. I don’t think we can let our guard down just because of this injury.” Said Gilbert, joking, with Lacob next to him on stage: “I just wouldn’t want to be Golden State and lose when two of our best players are out.”
Cleveland Cavaliers owner Dan Gilbert used comparisons and metaphors the day he learned Cavs All-Star point guard Kyrie Irving, who had surgery Saturday morning in Cleveland, will miss the rest of the NBA Finals with a broken kneecap. “Obviously Kyrie brings a huge amount to our team, but all year they’ve found ways just like Ohio State found ways with their new quarterbacks,” Gilbert said Friday evening at a tech summit called Chat Sports: The Minds behind the Game featuring Gilbert and Golden State Warriors owner Joe Lacob.