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The Declining Dollar and Its Effect on the NBA

The Declining Dollar and Its Effect on the NBA

There's no secret. The American dollar has been in decline for nearly a decade. Consequently, the Euro, which was introduced in January 1999, and faltered in the early going before central banks in Europe, Japan and the US acted together to intervene, has risen from $1.1747 USD on January 4, 1999 to $1.5780 USD as of July 23, 2008. As a result, the Euro has elevated in excess of 34% since its inception. Moreover, the Euro has increased by nearly 92% since it reached its record low of $0.8225 USD on October 26, 2000.

Courtesy: LoveFilm

Naturally, there are many more things other than basketball that the downward spiral of the American dollar has affected. Nevertheless, we talk sports here; therefore, the conversation turns to the only American sport with a global marketing approach: basketball. Sorry, hockey fan. I ask that you not shoot pucks at my apartment. My landlord would not appreciate that.

The Post-Camby Nuggets - Next Steps?

The Post-Camby Nuggets - Next Steps?

Earlier this week, the Denver Nuggets shockingly traded Marcus Camby to the LA Clippers. The cost? A swap of second-round picks. In 2010.

In doing so, the Nuggets have been vastly criticized for handing the 2007-08 Defensive POY to a team in its own conference. On the other hand, Denver shed itself $15.6M worth of salary over the next years. Even without Camby's salary, the Denver has a payroll teetering around the luxury tax threshold of $71M. Why is that important? When crossing into that threshold, teams pay dollar-for-dollar to the league. Whomever in management pulled the trigger in Denver likely stated that they will save as much as $31.2M over the next two years. To put that in perspective, less than 20 players will make that money over the next two years.

Favre '08: Yes He Can!

Favre '08: Yes He Can!  (A "rumor" with "no reason"?)

As a citizen of the United States, I have had the opportunity to cast a ballot in two presidential elections in my life so far. This November will be the third, although my interest in presidential politics has existed since the 1992 elections. As an "armchair political analyst," (hey, I need something to do during the NFL off-season, when I can't be an "armchair quarterback") I have developed a general and simplistic formula as to what makes a good presidential candidate.

Bye Bye, Billy - Six Reasons I Won't Miss You

Bye Bye, Billy - Six Reasons I Won't Miss You 

"This was a decision CBS and I made over a year ago." The statement made by Billy Packer disputes claims that he was let go by CBS.

No matter how I look at it, it's a beautiful day for college basketball fans, because Billy Packer not calling games anymore will allow for many of us to unmute our televisions. It's also perhaps one of the few days during the calendar year when even UNC and Duke can smile for the same reason.

The NBA's 10 Worst Current Contracts

The NBA's 10 Worst Current Contracts 

In today's NBA, there are countless contracts that are far from palatable. In this exercise, I examined the available NBA contracts at HoopsHype.com to determine the worst ten. Let me assure you that this was by no means an easy task.

For the sake of the exercise, I eliminated players who had reached a buyout from their former teams. That excludes the likes of Adonal Foyle, Steve Francis and Juwan Howard, the first two of which would be shoe-ins for this list.