Pat Riley is good for business

riley_650x440Update #1 01/18/14: Magic Johnson:

… Look what Pat Riley did in Miami … If Pat Riley’s not there, you don’t get LeBron to buy in.

The Miami Heat and Pat Riley don’t do WTF’s. For them, it’s more about the ETF’s.

The Miami Herald’s Barry Jackson reported on an interview Pat Riley gave recently to Index Universe [see it here], his first since June 2013. Great I thought, as a degenerate Heat fan I need … wait … who … why Index Universe?

Here’s the who. Index Universe is a company designed to promote exchange-traded funds. ETF’s are sold mainly to large broker-dealers, institutional investors, the big boys. They have an annual conference coming up. Un-coincidentally, Pat Riley will be a speaker at that conference.

Here’s the why. The Heat are owned by the same family [Arison] which owns Carnival Corporation [CCL], the largest bank in Israel [Hapoalim Group] and Ecuador [kidding about EC, I think]. Due to the bad publicity associated with the problems on their cruise ships, Carnival has much work to do to repair their brand name.  Enter Pat Riley and likely good vibes for Carnival among the type of people who decide whether CCL is part of their managed mutual funds portfolio.

Not unlike the good vibes Riley generated in a Cleveland meeting circa 2010.  And of course, there was the heretofore unreported Wade meeting in Schenectady which made it all possible. Many people have seen the light in Schenectady.

In the words of Carlito Brigante, the street is watching. The street — aka the NBA free agent class of 2014 — also needs to be smart about their brand names and portfolios. Among the teams with significant cap space expected to be active for top free agents, these are the player’s options as to whom to entrust their basketball futures in the summer of 2014 — General Managers and team owners are noted — links are to their HoopsHype web pages, which detail their player moves:

  1. Charlotte Bobcats – Rod Higgins [GM 7th year] / Michael Jordan owner
  2. Cleveland Cavaliers – Chris Grant [GM 4th year] / Dan Gilbert owner
  3. Dallas Mavericks – Donnie Nelson [GM 11th year] / Mark Cuban owner
  4. Detroit Pistons – Joe Dumars [GM 14th year] / Tom Gores owner – a Catholic born in Nazareth, Israel
  5. Orlando Magic – Rob Hennigan [GM 2nd year] / Richard DeVos owner
  6. Los Angeles Lakers – Mitch Kupchak [GM 14th year] / Buss offspring owners
  7. Miami Heat – Pat Riley [Oracle 68th year] / Micky Arison owner
  8. New Orleans Pelicans – Dell Demps  [GM 4th year] / Tom Benson owner
  9. Philadelphia 76ers – Sam Hinkie [GM 2nd year] / Josh Harris owner
  10. Phoenix Suns – Ryan McDonough [GM 2nd year] / Robert Sarver owner
  11. Toronto Raptors – Masai Ujiri [GM 4th year] / Corporate ownership
  12. Utah Jazz – Dennis Lindsey [GM 2nd year – someone please notify HoopsHype about Dennis] / Gail Miller owner

The Boston Celtics were omitted as a matter of principle. Over the next week, I’ll detail factors which will likely impact free agent decisions this summer.

But as the above list will attest, if you are a Miami Heat fan, Pat Riley is very good for business.

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About Jorge Costales

- Cuban Exile [veni] - Raised in Miami [vidi] - American Citizen [vici]
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3 Responses to Pat Riley is good for business

  1. THE HEAT SIGNING BYNUM? says:

    2014 Free agents wanting to come to Heat Nation – Write about those possibilities. For 2014 is all about a threepeat, and the effect of winning! Lebron, Bosh and Wade. Where are they going to go that will be better that what Miami has to offer them? Bosh? 7 years stuck in TORONTO, Venezuelan wife, eating at Versalles…Don’t see it happening. Wade will be taken care off by playing 41 games next season. Nebron: If winning is his thing, He signs again for shorter deal? His older son is entering his teen’s, wife set up a local biz, is money that important? No. The ones to worry about are Chalmers, and Cole. They need to get paid. Battier: Why go anywhere else? Although he put up his house for sale. Beasley: we should try to keep – Too young with unlimited offensive potential (afraid about what the streets can do to him if we win the title) Will the Birdman walk? I see him as a REALLY free spirit that will go with his heart. He knows his defined job here. How much $ can he command? Up to Riley. Oden? Will the knees hold up? Is winning important, or needs to get paid? What we really need to find is a replacement for Wade (Did I just discovered hot water?) ( Definitivamente no suena bien en ingles) What if they do not win it? Shouldn’t that be more of a motivation to come back? How can we upgrade the point guard if Chalmers goes? I realize that Bynum’s knees, by all accounts, are shot. And that he doesn’t care much to play, and possible cancer (by his own account) but, but, but…Can Riley motive him enough for the 2nd half of the season? If you had 6’9″ 240 Lbs at $3.2 mil sitting at the end of the bench, why not take a risk with $3.2 mil of real 7′ 290lbs of real possibilities! Hibbert is a mental problem, the real problems are the improved play of George, West, and Scola. Can you imagine Riley after threepeating? and immediately going into the Fourpeat mode? Can we get to 7 straight? Who cares who wins! I got better things to do on a beautiful South Florida Saturday morning! besides I believe in Riley.

  2. Sorry I was away for so long. That will be $75 – same time next week?

  3. NO COMMENTS ON BYNUM? COULD HE STILL BE AVAILABLE FOR PLAYOFFS? says:

    Welcome back to where you belong. If you hadnt noticed I have not asked you again why the long lapses. A shame you want to ‘fad yourself’ to facebook and twitter land (You need, you must write everyday) Hey, pretty soon I will send you links to….not one, but two, web stores at once!! Garcia Trading and GaRabelo Art. GTG is a need (is like sending a quote without a backbone) GaRabelo is a project. So far WIX is the best option I have found the tutorial super easy to do the web sites. Check out a WIX tutorial on Youtube. (I still believe in Riley).

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