Category Archives: sports

R.I.P. Lorenzen Wright

(November 4, 1975 – July 28, 2010)

Reported missing since July 19th, the body of former NBA player Lorenzen Wright was found  in a wooded area of southeast Memphis, Tennessee, according to the Memphis Commercial Appeal.

The former University of Memphis Tiger stand out and at one time Memphis Grizzle was dearly loved in the City of Memphis.

I remember going to Grizzle games at the Pyramid and Fed-ex Forum and Wright was definitely a crowd favorite, because he was a hometown favorite and also a hustle player who brought tons of energy to the court. Lorenzen Wright was one of my favorite players when he played for the Grizzlies. I remember getting to meet him at IHOP two summers ago, he’s really nice person.

Lorenzen Wright also gave back to the city of Memphis with his annual Lorenzen Wright Basketball Camp.

Lorenzen Wright, you will be truly missed.

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Possible reasons why LeBron picked Miami over the others.

Could state income tax be a possible reason why LeBron James signed with the Miami Heat over other teams like the Cleveland Cavaliers, New York Knicks, New Jersey Nets, and Chicago Bulls?

Why would LeBron James sign with a team in a state where he would have to pay millions in state income taxes, when he could play for the Miami Heat in Florida where there is no state income tax because it’s banned in Florida’s state constitution, unlike the states of Ohio, New York, New Jersey, and Illinois. According govspot.com seven states have no income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Two others, New Hampshire and Tennessee, tax only divided and interest income.

In a July 1 blog post by the New York Post breaks down the amount of money LeBron would pay in taxes in New York as opposed to Florida.

“If LeBron James goes to the Miami Heat instead of the Knicks, blame our dysfunctional lawmakers in Albany, who have saddled top-earning New Yorkers with the highest state and city income taxes in the nation, soon to be 12.85 percent on top of the IRS bite. There is no state income tax in Florida.”

“On a five-year contract worth $96 million — what he’d get from the Knicks or the Heat — LeBron would pay $12.34 million in New York taxes. Quite a penalty for the privilege of working in Midtown.”

In an article done by Businessandmedia.org, Kyle Gillis breaks down the tax situation in the states of Ohio and New Jersey.

“New Jersey and Ohio, the other reported frontrunners to attract James, also have state income taxes, but they are not as high as in New York. Based on a $96 million contract, James would pay $5.69 million in state taxes if he re-signed with the Cleveland Cavaliers. If he signed with the New Jersey Nets, James would pay $10.32 million in state taxes.”

Chicago

“Last week, the Pew Center on the States named Illinois one of the 10 most financially troubled states in the nation” a quote by Christopher Nichols in a November 2009 article from Metroplannig.org . According to Nichols the stat doesn’t pays it’s bills ,” Essentially the state has run a deficit every year since 2001, dodging the constitutionally required balanced budget by delaying payments from one fiscal year to the next to Medicaid vendors, such as doctors, pharmacists and small business owners that provide social services”. There is also no plan to fix this problem, passing reforms that would raise taxes and not lower them”, and this practice also affect the state as a whole, ” The state’s poor fiscal practices also have caused its credit rating to drop, meaning higher interest payments on loans and bonds.  When the state has gigantic revenue problems, it doesn’t send required payments to universities, Southern Illinois hasn’t received a state payment since July”. It would clearly be a bad move for James to move to a state with such debt.

All the writing in quotations are words from Christopher Nichols.

As For Cleveland

I don’t blame LeBron for not signing with the Cavaliers, according to Peter A. Brown of the Wall Street Journal, “Ohio’s piece of the American pie has been shrinking since the end of World War II” this is a bold but true statement by Brown. The lack of population growth, job loss, loss of residents, between 1950 and 2000 along with its state tax burden its clear that Ohio is going through  a lot of problems clearly not appealing to a NBA star of LeBron James’ stature.

“For most of the 20th century, Ohio, along with neighboring Michigan, was the symbol, of the American manufacturing base. The state prospered as a blue-collar economy. Gov. Ted Strickland took office at the beginning of 2007 promising to resurrect the state’s economy, but Ohio has lost 376,000 jobs since then.” – Wall Street Journal

It’s clear that LeBron will net more money in Florida with Ohio having a top income tax rate of about 6%, and Cleveland having a 2% levy.

Looks like LeBron got a good deal, 2 superstar team mates, and no state income tax.

R.I.P Manute Bol

1962 – 2010

Manute Bol dedicated his life to his native Sudan, through his many acts of philanthropy.

The Huffington Post – As his former teammates discuss in the video below, Bol had never heard of America or the game of basketball until he was 18. Overwhelmed by an amount of wealth unheard of where he came from, Bol dedicated his life to charitable endeavors in Sudan.

What’s Eating Gilberts Grape

NBA Player Gilbert Arenas

Multiple sources told ESPN.com that an argument commenced during a card game on the team’s overnight flight back to Washington from Phoenix on Dec. 19 and escalated into a heated exchange between Arenas and Crittenton. The Wizards had Dec. 20 off, but sources say hostilities between the two Wizards guards resumed Dec. 21 in the locker room on a practice day.

Jarvis Crittenton

Sources say that Arenas, in response to what was said on the flight, placed the three guns on a chair near Crittenton’s locker stall and invited him to pick one before practice on Dec. 21. Sources said that Crittenton subsequently let Arenas know that he had his own gun.

The Washington Post reported in Sunday’s editions that Arenas, according to sources, was expecting Crittenton to see the guns on his chair as a joke based on the earlier back-and-forth on the plane, during which Crittenton allegedly said that he would shoot Arenas in his surgically repaired knee. But Crittenton, according to Post, reacted angrily and tossed one of the guns to the floor, saying he had his own.

It is not known how many other Wizards players were in the locker room at the time of the incident.

Asked after Saturday’s game about guns being drawn, Arenas told reporters: “I can’t speak on that. But if you know me, you’ve been here, I’ve never did anything [involving] violence. Anything I do is funny — well, it’s funny to me.”

Asked if the accounts of what happened have been blown out of proportion, Arenas laughed and said: “A little.”

Story continued at ESPN.Com

Watch your step!

According to the LA Times

Lakers forward Ron Artest has been diagnosed with a concussion and will miss tonight’s game against the Sacramento Kings after tripping over a box and falling down a set of stairs at home Friday night, according to a team statement.

Artest is listed as day to day by the team and will continue to see a neurologist on a daily basis. After tonight, the Lakers’ next game is Monday at Phoenix. Read the rest.

Tiger Woods becomes first athlete to earn $1 billion

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Forbes reports that Tiger Woods is now the first athlete in history to earn $1 billion over the course of a career.

Not bad for a 33-year old who’s still in the prime of his career. According to Forbes, he passed the $1billion mark when he earned $10 million for winning the FedEx Cup last week. It might be a mistake to put too much emphasis on the Forbes calculation since a huge chunk of Woods’ earnings come from endorsement deals where financial terms are not disclosed. His career earnings on the PGA Tour are now up to $92,862,539, to be exact.

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Serena Poses Naked for ESPN

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I didn’t know Serena actually had a body like this. I thought she was all muscle, no wonder Common with her lol.