Rodgers purchases minority stake in Bucks

Zero2Cool
Elite Member Topic Starter

6 years ago

Now we know why Aaron is frustrated.

Packers quarterback Aaron Rodgers was announced Friday as a limited partner in the Bucks ownership group during the team's playoff game against the Celtics.

Continue Reading @ ESPN

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yooperfan
Veteran Member

6 years ago

If he can afford this he sure as hell doesn't need to stress the Packers salary cap with a 30 + million dollar a year extension.

Nonstopdrivel
Preferred Member

6 years ago

According to SPOX.com , a German sports site, Rodgers is the first active NFL player ever to own a stake in another sports franchise:

Rodgers (Green Bay Packers) saß bei Spiel 3 im BMO Harris Bradley Center und wurde auf dem Videowürfel gezeigt, womit die Bucks die Nachricht verkündeten. Er wird zum ersten aktiven NFL-Spieler, der während seiner Karriere Anteile an einer Franchise in einem anderen Sport besitzt.

SPOX wrote:

The author goes on to state that although the exact ownership stake Rodgers bought has not been revealed publicly, it's believed to be "significant" and not merely a vanity purchase.

isocleas2
Member

6 years ago

Didn't Kohl still have a 2 percent stake? Maybe it was that piece. Either way smart move by the Bucks and by Rodgers.

Smokey
Veteran Member

6 years ago

Aaron Rodgers' investments have nothing to do with his contract with the Packers. He could be invested in Cattle or Oil or in an Airline and it still would not have any bearing upon his personal service contract with the Packers.

I'd like to read why anyone would believe that one would/could affect the other. IMO, it's like saying one can pick oranges from a peach tree.

Cheesey
Preferred Member

6 years ago

I think that Yooperfan was making the point that if the guy is rich enough to buy part of a NBA franchise, it’s not like he’s hurting for money and shouldn’t feel that it’s necessary to milk every nickel and dime out of the Packers.
It’s not like he’s saying Rodgers should play for FREE, is it?
Just to not make it so ridiculous that the team won’t be able to afford the players necessary to get them to another championship.
Is that asking too much?
I myself don’t think so.

Smokey
Veteran Member

6 years ago

Originally Posted by: Cheesey

If GB is not willing to pay Rodgers a top dollar deal, there will be other teams that will. Miami or Tampa or some other city would gladly pay the price to get Rodgers. Loyalty is one thing, but business is business.

wpr
Preferred Member

6 years ago

Aaron has earned the right to be paid what he's worth. If you want the best, pay the man. It doesn't matter if he already has a fat wallet or not.

NSD, "significant". Do you think that means 10% or more? 5% or less seems like a vanity purchase.

isocleas2
Member

6 years ago

Considering the Bucks recently had a valuation over 1 billion dollars even a small purchase of 2-5% would have cost Rodgers 20-75 million. I'm not sure he could even afford whatever is considered a large stake without dropping all his other investments (and then some).

Nonstopdrivel
Preferred Member

6 years ago

#10

NSD, "significant". Do you think that means 10% or more? 5% or less seems like a vanity purchase.

Originally Posted by: wpr

That's what I was thinking. Given that the current ownership bought the team in 2014 for $550 million (surprisingly cheap, it seems to me), I assumed he must have bought somewhere between 10 and 15 percent. There are six other owners, so 25 percent is probably too high a stake (and likely outside his budget), while less than 10 percent seems like it wouldn't be worth his time, especially given the relatively low profit margin professional sports franchises offer. Maybe the group split it evenly seven ways, or 14 percent apiece. Then again, even just 10 percent would be around $50 million, or two years' salary for Rodgers, so we could be overestimating what he's capable of investing. In any case, it looks like he's putting his endorsement deals to good use.

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Fan Shout

Zero2Cool (18h) : sounds like Packers don't get good compensation, Jaire staying

dfosterf (22h) : Nobody coming up with a keep, but at x amount

dfosterf (22h) : Trade, cut or keep

dfosterf (23h) : that from Jaire

dfosterf (23h) : My guess is the Packers floated the concept of a reworked contract via his agent and agent got a f'

Zero2Cool (23h) : Yes, and that is why I think Rob worded it how he did. Rather than say "agent"

dfosterf (23h) : Same laws apply. Agent must present such an offer to Jaire. Cannot accept or reject without presenting it

Zero2Cool (23h) : I'm thinking that is why Rob worded it how he did.

dfosterf (23h) : The Packers can certainly still make the offer to the agent

dfosterf (23h) : Laws of agency and definition of fiduciary responsibility

dfosterf (23h) : Jaire is open to a reduced contract without Jaire's permission

dfosterf (23h) : The agent would arguably violate the law if he were to tell the Packers

Zero2Cool (16-Apr) : That someone ... likely the agent.

Zero2Cool (16-Apr) : So, Jaire has not been offered nor rejected a pay reduction, but someone says he'd decline.

Zero2Cool (16-Apr) : Demovksy says t was direct communication with someone familiar with Jaire’s line of thinking at that moment.

Zero2Cool (16-Apr) : Demovsky just replied to me a bit ago. Jaire hasn't said it.

dfosterf (16-Apr) : Of course, that depends on the definition of "we"

dfosterf (16-Apr) : We have been told that they haven't because he wouldn't accept it. I submit we don't know that

dfosterf (16-Apr) : What is the downside in making a calculated reduced offer to Jaire?

Zero2Cool (15-Apr) : Packers are receiving interest in Jaire Alexander but a trade is not imminent

Zero2Cool (15-Apr) : Jalen Ramsey wants to be traded. He's never happy is he?

Zero2Cool (15-Apr) : two 1sts in 2022 and two 2nd's in 2023 and 2024

Zero2Cool (15-Apr) : Packers had fortunate last three drafts.

dfosterf (15-Apr) : I may have to move

dfosterf (15-Apr) : My wife just told the ancient Japanese sushi dude not enough rice under his fish

Zero2Cool (14-Apr) : I think a dozen is what I need

dfosterf (14-Apr) : Go fund me for this purpose just might work. A dozen nurses show up at 1265 to provide mental health assistance.

dfosterf (14-Apr) : Maybe send a crew of Angels to the Packers draft room on draft day.

Zero2Cool (14-Apr) : I am the Angel that gets visited.

dfosterf (14-Apr) : Visiting Angels has a pretty good reputation

Zero2Cool (14-Apr) : what

Martha Careful (14-Apr) : WINNING IT, not someone else losing it. The best victory though was re-uniting with his wife

Martha Careful (14-Apr) : The manner in which he won it was just amazing and wonderful. First blowing the lead then getting back, then blowing it. But ultimately

Zero2Cool (12-Apr) : I'm guessing since the thumb was broken, he wasn't feeling it.

dfosterf (10-Apr) : Looking for guidance. Not feeling the thumb.

Mucky Tundra (10-Apr) : If they knew about it or not

Mucky Tundra (10-Apr) : I don't recall that he did which is why I asked.

Zero2Cool (10-Apr) : Guessing they probably knew. Did he have cast or something on?

Mucky Tundra (10-Apr) : Did they know that at the time or was that something the realized afterwards?

Zero2Cool (9-Apr) : Van Ness played most of season with broken thumb

wpr (9-Apr) : yay

Zero2Cool (9-Apr) : Mark Murphy says Steelers likely to protect Packers game. Meaning, no Ireland

Zero2Cool (8-Apr) : Struggling to figure out what text editor options are needed and which are 'nice to have'

Mucky Tundra (8-Apr) : *CHOMP CHOMP CHOMP*

Zero2Cool (2-Apr) : WR who said he'd break Xavier Worthy 40 time...and ran slower than you

Mucky Tundra (2-Apr) : Who?

Zero2Cool (2-Apr) : Texas’ WR Isaiah Bond is scheduled to visit the Bills, Browns, Chiefs, Falcons, Packers and Titans starting next week.

Zero2Cool (2-Apr) : Spotting ball isn't changing, only measuring distance is, Which wasn't the issue.

Zero2Cool (2-Apr) : The spotting of the ball IS the issue. Not the chain gang.

Mucky Tundra (2-Apr) : Will there be a tracker on the ball or something?

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