being reported Lebron will make his decision out of Greenwich, CT
http://www.newsday.com/sports/baske...announcement-in-greenwich-conn-1.2086121?qr=1
http://www.newsday.com/sports/baske...announcement-in-greenwich-conn-1.2086121?qr=1
so....lets think about this
he waited till the camp in Ohio was over to make the decision....now hes flying out of Cleveland to CT to go to a studio and make the decision instead of just staying in Cleveland and doing it. I would think if he was staying he wouldn't fly out to CT to announce it and just stay put.
but I could be reading into way to much.
he waited till the camp in Ohio was over to make the decision....now hes flying out of Cleveland to CT to go to a studio and make the decision instead of just staying in Cleveland and doing it. I would think if he was staying he wouldn't fly out to CT to announce it and just stay put.
but I could be reading into way to much.
holy shit. wtf.....trying to find out if Houstons house is in Greenwich
FisolaNYDN
Frank Isola
@FisolaNYDN: Can't confirm this but a Knicks source claims the location may be Allan Houston's house. Wow
Isola is a beat writer for the Knicks.
FisolaNYDN
Frank Isola
@FisolaNYDN: Can't confirm this but a Knicks source claims the location may be Allan Houston's house. Wow
Isola is a beat writer for the Knicks.
http://www.cnbc.com/id/38131493
By: Darren Rovell
CNBC Sports Business Reporter
As the media world speculates on where LeBron James will land, the market, at least, seems to be leaning towards the New York Knicks.As of 2:45 p.m., shares of Madison Square Garden Inc., which includes the Knicks and the MSG Network, were up 1.21 percent to $20.51, but the bigger story was in the options pits.
There’s been twice as many contracts sold to people betting that MSG stock will rise to $22.50 by the end of the month as compared to people betting it will fall to $20 by July’s end. (Follow MSG here)
“There’s absolutely no justification for this activity other than the LeBron James play,” said Jon Najarian, co-founder of Trade Monster and a CNBC contributor. “People will most likely continue to speculate into tomorrow’s announcement.”
The story is not only seen in the ratio of bulls to bears, it’s also seen in the volatility of the call and put contracts. On an average day, about 600 calls and puts are traded on MSG [MSG 20.935
0.665 (+3.28%)
]. More than 10,000 calls and puts have been traded today.
Volatility is also brisk on shares of the stock itself. MSG stock typically trades about 200,000 shares a day. By 2:45 p.m. ET, almost 582,000 shares had been traded.
While it’s hard to say exactly how much James will make for the franchise if he signs with the team, CNBC calculated last week that the Knicks could potentially gross $35.3 million off the James investment in Year one, while only having to pay him $16.5 million.
By: Darren Rovell
CNBC Sports Business Reporter
As the media world speculates on where LeBron James will land, the market, at least, seems to be leaning towards the New York Knicks.As of 2:45 p.m., shares of Madison Square Garden Inc., which includes the Knicks and the MSG Network, were up 1.21 percent to $20.51, but the bigger story was in the options pits.
There’s been twice as many contracts sold to people betting that MSG stock will rise to $22.50 by the end of the month as compared to people betting it will fall to $20 by July’s end. (Follow MSG here)
“There’s absolutely no justification for this activity other than the LeBron James play,” said Jon Najarian, co-founder of Trade Monster and a CNBC contributor. “People will most likely continue to speculate into tomorrow’s announcement.”
The story is not only seen in the ratio of bulls to bears, it’s also seen in the volatility of the call and put contracts. On an average day, about 600 calls and puts are traded on MSG [MSG 20.935
0.665 (+3.28%)
]. More than 10,000 calls and puts have been traded today.Volatility is also brisk on shares of the stock itself. MSG stock typically trades about 200,000 shares a day. By 2:45 p.m. ET, almost 582,000 shares had been traded.
While it’s hard to say exactly how much James will make for the franchise if he signs with the team, CNBC calculated last week that the Knicks could potentially gross $35.3 million off the James investment in Year one, while only having to pay him $16.5 million.
ya have to do agree this definitely changes things. thought the conference was in ohio and makes 0 sense to leave ohio for the conference if you are staying with the cavs. lets not forget this is all about attention though still, im sure he knew that having the conference at a neutral location would create a ton of attention.
