As golfers finished the US Open, several of them vented their spleen about the course conditions. Ian Poulter used Instagram for his criticism; Billy Horschel just dropped his words of wisdom in front of the TV cameras. Look, I am all in favor of free expression but this kind of griping annoys me about as much as the condition of the golf course and its greens seems to have annoyed various golfers.
Everybody played the same course. It is not as if any individual golfer had to putt on “horrible greens” while others putted on billiard tables.
Everybody had a chance to see/walk the course before the tournament. It is not as if they thought they were playing Pebble Beach and were suddenly dropped in on Chambers Bay.
No one forced any of the complainers to play. If the conditions were so awful, why did they come back for the second round on Friday – or even finish their first round on Thursday?
Frankly, the reason I like the US Open and the British Open are that they do not always take place on a course that has been manicured to make scores low. When a ball goes in the rough; you have to look to find it; in a PGA event, if the ball goes into the rough, that means it is not sitting atop grass that all has been cut to the same length and is all pointing in the same direction.
I will probably watch some of the upcoming British Open but I will probably not watch even a minute of the PGA Championship where the only real challenge to the contestants will be to keep the ball out of the minimal water hazards.
There have been a couple of marginally interesting happenings related to the Arizona Coyotes and their contretemps with the city fathers in Glendale. Recall that the city voted to abrogate the lease deal with the Coyotes which had the city paying the Coyotes $15M annually to stay in town and play in the Glendale arena.
1. Moody’s Investment Services made favorable comments about the city’s move to get out from under that lease deal. Moody’s is one of the sources of bond ratings and bond ratings determine the interest rate that the city will need to pay in order to borrow money. Here is what Moody’s had to say:
“Voting to cancel the 15-year arrangement is credit positive because it reduces the city’s costs related to professional sports enterprises and provides additional resources for critical services.”
A rough translation would be along the lines of:
The city needs to spend money on critical services and the fact that it is spending so much on sports enterprises (hockey and spring training baseball facilities) means they do not have enough to pay for those critical services. That is not financially smart. So, the city acted intelligently to get to a position where they can fund critical services without having to borrow lots of money to do so.
2. The majority owner of the Coyotes, Andrew Barroway, opted to take a lesser share of the franchise. Reports say that other partners in the enterprise will buy the share that he wants to get rid of. The timing of this announcement is interesting because Barroway only acquired the majority interest in the Coyotes only about 6 months ago. Moreover, he has had previous interest in buying into the NHL having unsuccessfully trying to buy the New York Islanders when they were previously on the market. One has to wonder about just how critical that city payment to the Coyotes is with regard to the solvency of the franchise…
It is “Rumor Time” in the NBA as players get some time off and front offices begin to think about how to restructure teams. The Lakers are the subject of lots of rumors – probably because the Lakers played uncharacteristically badly last season. We do know for certain that the Lakers will draft second in the upcoming NBA Draft. Beyond that, here are some of the “rumors” floating out there. Recall that Kobe Bryant is expected to play one final season in LA next year according to Lakers’ GM, Mitch Kupchack:
1. The Lakers may want to acquire Rajon Rondo from the Dallas Mavericks but there are also stories that the Houston Rockets may want Rondo too.
2. The Lakers may be trying to get Dwayne Wade to leave Miami and come to LA to join up with Kobe Bryant. That would have been a dynamite pairing in 2011; given the recent injury history of both players, that Lakers’ roster might lead the league in “games missed by starters”.
3. If Kevin Love “opts out” of his contract in Cleveland, conventional wisdom is that this child of So Cal will strongly consider going home to play there. That puts the Lakers squarely in the middle of any such speculation about Kevin Love.
The best way to weather the storm during “Rumor Time” is to sit back and wait to see what actually happens and then analyze the possibilities. I am confident, however, that no matter how much the Lakers and their fans might wish for it to happen, Magic and Kareem will not be coming back to suit up in the purple and gold next year…
Finally, here is some sage financial advice from Greg Cote of the Miami Herald:
“A pair of sneakers Michael Jordan supposedly wore in a game in 1984 is expected to sell for $50,000 or more at auction. I’d spend that for a pair of old sneakers only on the assurance I’d find a blank check for $49,995 stuffed in one of the shoes.”
But don’t get me wrong, I love sports………