Madison Square Garden Rumors
How are the valuations derived? Much like house valuations on online real estate sites, they are based on several factors, including location, who owns the arena the team plays in, and the team’s local television deals. James L. Dolan, the owner of the Knicks, also owns Madison Square Garden, whereas the Lakers lease the space at Staples Center, which will become known as Crypto.com Arena on Christmas Day. “If you have two teams, let’s say one owns the building and the other leases it, what I’m valuing is the economics,” said Mike Ozanian, a managing editor at Forbes who compiles its valuations. “In other words, what are the revenues that the team generates at the building versus its expenses?”
On Tuesday, Derrick Rose proposed to his girlfriend Alaina Anderson during a romantic dinner at Madison Square Garden. The NBA player shared the news on Instagram with photos of Anderson’s stunning engagement ring, their private dinner and wine setup on the Knicks court and shared a touching message to “my ace.”
Steve Popper: MSG just announced that Comcast has dropped the network after failing to negotiate a new deal. pic.twitter.com/aNRxA5aG89
A showdown between the Brooklyn Nets and Los Angeles Lakers will highlight the NBA’s Christmas Day schedule, sources told ESPN’s Adrian Wojnarowski. In addition to the star-studded, cross-coast clash, the Atlanta Hawks will travel to take on the New York Knicks. That game will be a rematch of a first-round playoff series that saw Trae Young become a Madison Square Garden villain while the Hawks eliminated the Knicks in five games.