07-14-2009, 06:30 PM | #1 |
Senior Member
Join Date: Dec 2005
Posts: 5,996
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Utah Jazz taking out a loan to pay for Milsap's year 1 contract
As reported by ESPN. If this is true, are the Jazz in some real financial trouble? They don't have $8 mil to pay a player this year and have to borrow to pay it? That seems very strange to me. Interest rates are low right now, so maybe they are just opportunistically leveraging themselves, but that isn't a lot of money for an NBA franchise. What's going on?
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07-14-2009, 06:43 PM | #2 |
Demiurge
Join Date: Aug 2005
Posts: 36,365
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Obama will take care of it.
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