A few names come to mind when you say Hoosier basketball: Larry Bird, Gene Hackman, who was in a movie — and Bob Knight, about whom they make movies. Bob Knight coached three Indiana University teams to three NCAA championship titles and — a record of which he's equally proud — almost all of his players graduated. He left Indiana after a controversy involving his treatment of players, went on to coach at Texas Tech, and is now retired from coaching and a featured commentator for ESPN's college basketball coverage.
The basketball world lost both a huge fan and one of its most innovative team owners today. Jerry Buss turned the Los Angeles Lakers into the NBA's glamour franchise and won 10 championships. Buss died early this morning at the age of 80. NPR's Ted Robbins has this remembrance.
TED ROBBINS, BYLINE: Jerry Buss once said: I don't just want winners, I want champions. And, boy, did he get them. Yet when Buss was inducted into the Basketball Hall of Fame, he remembered feeling humbled back in 1979 when he bought the Lakers.
Originally published on Wed February 13, 2013 11:04 am
Changing ticket prices on the fly is a big thing in sports right now. In the past few years, lots of teams have started cutting prices for games with lots of unsold seats, and jacking up prices when demand is high. They're essentially doing what hotels and airlines have been doing for years.
LeBron James is arguably the best player in the NBA. His salary is $17.5 million a year. He's worth much, much more.
"He's getting hosed," says Kevin Grier, an economist from the University of Oklahoma.
James used to play for the Cleveland Cavaliers. When he left, the value of the team fell by tens of millions of dollars — and the value of his new team, the Miami Heat, rose by tens of millions. The economists I talked to said James should be making closer to $40 million a year.