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‘Win or lose, file spending report’

THE Commission on Elections (Comelec) reminded all candidates in the barangay and Sangguniang Kabataan (SK) elections to submit their Statements of Contributions and Expenditures (SOCE) on or before June 13, 2018. Comelec-6 records showed that a total of 114,385 candidates in Western Visayas joined the polls last May 14 – 73,222 for the barangay elections […] The post ‘Win or lose, file spending report’ appeared first on The Daily Guardian......»»

Category: newsSource: thedailyguardian thedailyguardianMay 16th, 2018

For Adidas and rivals, sponsorships are good business

em>By David McHugh, Associated Press /em> FRANKFURT, Germany (AP) — Multi-million dollar sponsorship deals of the kind between Adidas and the University of Louisville — in focus after a scandal over alleged bribes paid to high school athletes — are not just an effort to burnish the image of sports gear makers. They can be a cost-efficient way to boost sales against tough competition, marketing experts say. Whether in U.S. college sports or European soccer, Adidas and its major rivals Nike and Under Armour reach potential customers more effectively by getting their brands used in the biggest events, say marketing experts. Criminal charges brought last week against an Adidas marketing executive and 9 others drew renewed public attention to the perfectly legal practice of paying university sports programs to wear branded goods. Gatto and others are accused of funneling $100,000 to the family of a high school athlete to gain his commitment to play at Louisville and to sign with Adidas once he became a professional. Louisville and Adidas announced at 10-year, $160 million extension of their sponsorship deal over the summer. That deal is just one among increasingly expensive arrangements. The top recipients this academic year are UCLA with $16.5 million from Baltimore-based Under Armour, followed by University of Texas with almost $12 million and University of Michigan with $9.8 million, both from Nike, according to the Center for Research in Intercollegiate Athletics at the University of North Carolina at Chapel Hill. Payments have risen as the big three competitors bid for exposure that, marketing experts say, can often be more effective and targeted than expensive television advertising. Universities in the top five leagues, or 'conferences' in U.S. sports speak, are in line to get over $200 million this school year, up from around $100 million just five years ago, according to the center's figures. 'Increased investment by Under Armour starting in the 2014-15 academic year, along with continued investment by Adidas, have led to a re-investment by Nike in the intercollegiate athletics space to retain national powers such as Ohio State and Texas, and bring Michigan back into the fold from Adidas,' the center noted in its latest report. George Belch, chair of the marketing department at San Diego State University's College of Business Administration, put it this way: 'It's expensive, but if you want to sit at the table and play the game, you have to ante up.' How much is too much to spend on endorsements? Academics have been trying to figure out what the returns on investment are and marketing experts say the companies surely have their own internal metrics. But 'only they know exactly what the return is,' said Belch. Jonathan Jensen, assistant professor in the sports administration program at North Carolina, notes that the value of sponsorship deals measure the truckloads of equipment given to the schools at retail price, which is far more than the cost to the company to have them produced. 'When you see $250 million, it's not actually $250 million, it's more like $75 million,' he said. And based on what a 30-second commercial costs, having a team wear the company's gear can far outweighs the investment in terms of valuable exposure. That can be money well spent in an era where people can use digital technology to skim past television commercials. 'They don't need to buy airtime,' Jensen said, 'because they are literally part of the event.' On top of that, favorable licensing deals on merchandise mean that the company can earn back much of its sponsorship money solely from fans buying the jerseys. 'The schools themselves are really just in the past two, three or four years getting smart about negotiating and forcing the brands, especially Nike and Under Armour, to pay what they should be,' said Jensen. Similar calculation applies to sponsorship deals outside the United States. Gerd Nufer, director of the German Institute for Sports Marketing in Reutlingen, attempted to figure out how many jerseys companies would have to sell to repay their endorsement deals with national sports teams at the soccer World Cup. He says Adidas needed to see sales of 1.9 million German national team jerseys retailing for around 80 euros in order to make back its 28 million euros-per year sponsorship deal; when Germany won the cup for the fourth time in 2014, 2 million had been sold even before the final match. By contrast, it is unlikely Nike recouped its full $40 million sponsorship with France through direct sales. But it's unlikely that Nike minded much, as its exposure helped its image building more broadly. 'The fact is that building the image of the overall brand and positive halo effects on all branded products of the company is the most important thing,' Nufer wrote in an analysis. That logic was reflected by Nike in its annual financial reports, which indicate it had contractual obligations to pay $1.1 billion in endorsement contracts in 2017. The company, based in Beaverton, Oregon, noted that the costs of sponsorships had risen as competition from rivals had grown. By losing key partnership deals, it said, 'we could lose the on-field authenticity associated with our products, and we may be required to modify and substantially increase our marketing investments.' 'As a result, our brands, net revenues, expenses and profitability could be harmed. ' Adidas says it spent 1.98 billion euros in 2016 on marketing investments, about half of which went for partnerships. That includes events like the World Cup, UEFA's Euro soccer tournament, and the French Open in tennis. And also sponsorships of national federations including Germany, Spain and Argentina plus deals with high profile individuals: soccer stars Lionel Messi, Paul Pogba, and Gareth Bale; basketball stars James Harden and Derrick Rose; U.S. football players Aaron Rodgers and Von Miller, and tennis players Angelique Kerber and Simona Halep. Adidas, based in Herzogenaurach, German, said it was unaware of misconduct in the Gatto case and vowed to fully cooperate with authorities. The company immediately didn't respond to an email inquiry about its sponsorship spending. The company had a good second quarter, with sales beating predictions and growing 27 percent in North America. 'Adidas has been going gangbusters,' said San Diego State professor Belch. 'They are gaining market share on Nike, they have taken away market share from Under Armour in the U.S. market, and particularly in North America they made a tremendous turnaround.' 'So they didn't need this,' he said, referring to the Louisville scandal. 'That's what's really amazing about this.' .....»»

Category: sportsSource:  abscbnRelated NewsOct 5th, 2017

Police foil robbery but Tuguegarao bank s depositors lose millions

TUGUEGARAO CITY, Philippines – Days after police reported a robbery was foiled at a Tuguegarao bank, safety deposit box lessees of EastWest bank claimed they lost millions of pesos worth of jewelry and valuables to burglars. In an earlier report, Tuguegarao police said they received a call from the officer-in-charge ........»»

Category: newsSource:  rapplerRelated NewsMay 18th, 2018

Infrastructure, other outlays top target

By Elijah Joseph C. Tubayan Reporter STATE infrastructure and other capital disbursements continued their year-on-year surge in March on the back of roadworks as well as repair and construction of government facilities, enabling such spending to exceed the first-quarter target, the Department of Budget and Management (DBM) reported on Monday. In its disbursement assessment report […] The post Infrastructure, other outlays top target appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 26th, 2018

Q1 budget deficit higher at P162.2B

Government spending surged in March, a Cabinet official said on Monday, resulting in a substantially higher first quarter budget deficit. Quoting a preliminary Bureau of the Treasury report, Finance Secretary Carlos Dominguez 3rd told reporters that the January-March shortfall had reached P162.2 billion. “[It] is P57.8 billion lower than program with good revenue performance,” he [...] The post Q1 budget deficit higher at P162.2B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 24th, 2018

Nat l Youth Commission s SK spending: Consultants lacked docs, deliverables delayed

MANILA, Philippines – The National Youth Commission (NYC) hired consultants for the Sangguniang Kabataan (SK) without complete documents, and has so far failed to sanction consultants whose deliverables were delayed. These were the observations of the Commission on Audit (COA) in its 2017 audit report on the NYC......»»

Category: newsSource:  rapplerRelated NewsApr 23rd, 2018

Game 4s: Jazz look for 3-1 lead, Wolves aim to tie Rockets

By Tim Reynolds, Associated Press Russell Westbrook is averaging a triple-double, so he gets plenty of attention. Ricky Rubio just had a triple-double, earning him some time in the headlines. Donovan Mitchell has been great in his first three playoff games, so the fascination with the rookie star is only growing. It’s easy to notice those guys. Rudy Gobert should be getting noticed as well. Utah is taking a 2-1 lead into their Western Conference first-round series against Oklahoma City on Monday night (Tuesday, PHL time), and Gobert is probably as responsible for the Jazz being in that position than anyone. He’s controlling the backboards, he’s changing shots, he’s thwarting Westbrook and he’s showing why he’s the likely Defensive Player of the Year. “It makes the guards’ jobs a lot easier,” Mitchell said of the French safety net with the 7'9" wingspan who protects the rim for the Jazz. “You feel more secure on the wing. ... The whole season, I’ve been saying if somebody gets by me, it’s like, ’All right, go ahead, try it. Because I’ve tried it. And it doesn’t work.” Westbrook probably would agree: He’s 1-for-7 in this series with Gobert waiting at the rim for him. There’s two Game 4s on the schedule Monday (Tuesday, PHL time), with Houston at Minnesota leading off before the Oklahoma City-Utah game. The Rockets fell in Game 3 to the Timberwolves on Saturday (Sunday, PHL time), but still lead that series 2-1. Westbrook is not happy, and the reigning NBA MVP wasted little time in vowing that things will be different in Game 4. He was talking about slowing down Rubio, but he might be better served getting himself going again. Going back to the regular season, Westbrook hasn’t shot better than 40 percent in any of his last six games — the worst such streak of his career. ___ Here’s a look at Monday’s (Tuesday, PHL time) games: ROCKETS AT TIMBERWOLVES Rockets lead 2-1. Game 4, 8 p.m. EDT (8am, PHL time) NEED TO KNOW: The Timberwolves bounced back from a 20-point loss in Game 2 with a sellout-crowd-inspired 16-point victory over the Rockets in Game 3 that was the franchise’s first win in the playoffs since 2004. Jimmy Butler had 28 points and Karl-Anthony Towns had 18 points and 16 rebounds for the Timberwolves, who were more aggressive than they were in Games 1 and 2. “I felt like they outworked us, and that should never happen,” Rockets guard Gerald Green said. KEEP AN EYE ON: The Rockets shooting three-pointers. They needed 41 attempts to make 15 behind the arc in Game 3, as many as the Wolves swished in 27 tries. Harden was just 3-for-8, his rainbows often drifting to the left, as the Wolves kept up what has been a better-than-usual defensive performance in this series. “We’re just making it harder on them, making them take tough shots and just trying to find ways to stop a high-powered offense,” Towns said. PRESSURE IS ON: Rockets center Clint Capela. After a 24-point, 12-rebound production in Game 1, Capela had only seven points on six shots in Game 3. On the other end of the court, Towns finally got going after two bad games thanks in part to Capela’s defense. The Rockets could use a strong response from the Swiss standout in the attempt to keep the Wolves from tying the series. INJURY UPDATE: Butler, who missed a total of 21 games this season due to trouble with his right knee, clutched his left ankle in pain after twisting it late in the first half of Game 3. He didn’t miss any time, though, and didn’t even acknowledge the injury when asked about it in his postgame interview. “At the end of the day if you tell your mind it doesn’t hurt, it doesn’t,” Butler said. ___ THUNDER AT JAZZ Jazz leas 2-1. Game 4, 10:30 p.m. EDT (10:30am, PHL time) NEED TO KNOW: Utah has won each of its last five first-round series as the No. 5 seed, and the Jazz are halfway to extending that streak. The crowd in Salt Lake City was extremely loud on Saturday and will likely be again on Monday (Tuesday, PHL time). The Thunder are 5-6 in their last 11 games, and no one needs to remind them of how low the success rate is for teams that go down 3-1 in a series. KEEP AN EYE ON: Carmelo Anthony and Russell Westbrook from deep. Paul George has been great from three-point range (15-for-31) in the three games, but Westbrook and Anthony are a combined 9-for-31. The Thunder need to get something going consistently from the perimeter to soften up Utah’s stout interior defense. PRESSURE IS ON: Utah. Most would think it’s the team trailing that would feel the most pressure, but Utah has a chance to take total command of the series. A loss would be doubly deflating; not only would the Jazz lose home-court, but they would go back to Oklahoma City for Game 5 with the Thunder thinking they have control of the matchup. INJURY UPDATE: Westbrook was getting treatment on some sort of upper-body issue in Game 3 and was coy about it afterward, pointing out that most players are ailing at this time of year. But if he’s limited in any way, that’s obviously a huge problem for the Thunder. ___ AP Sports Writer Dave Campbell in Minneapolis contributed to this report.....»»

Category: sportsSource:  abscbnRelated NewsApr 23rd, 2018

Uber, Grab file explanation for Uber app closure

THE Philippine Competition Commission (PCC) said it has received both Grab Holdings, Inc.’s and Uber Systems, Inc.’s explanations for allegedly breaching one of its interim measures, while the regulator awaits the companies’ compliance report today which will be taken into account when it makes a ruling. PCC Commissioner Johannes Benjamin R. Bernabe said both ride-hailing […] The post Uber, Grab file explanation for Uber app closure appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 2018

Infrastructure spending, other outlays surge

GOVERNMENT SPENDING on infrastructure and capital outlays jumped in February with the completion of Department of Public Works and Highways (DPWH) projects, as well as facilities of the Bureau of Internal Revenue (BIR) and the Department of National Defense (DND). The Department of Budget and Management (DBM) in its National Government Disbursement Performance report for […] The post Infrastructure spending, other outlays surge appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 19th, 2018

Gordon report: File criminal charges vs Aquino, Garin, Abad over Dengvaxia mess

MANILA, Philippines (UPDATED) – Former president Benigno Aquino III and his former Cabinet officials should be held criminally liable for the dengue vaccine controversy. This was the statement of Senate blue ribbon committee chair Richard Gordon as he  released his draft report  on the controversy surrounding the government's purchase of P3.5 billion worth of dengue ........»»

Category: newsSource:  rapplerRelated NewsApr 11th, 2018

BSP sees drop in peso rediscount facility availment

By Melissa Luz T. Lopez Senior Reporter BANKS KEPT availing of rediscount loans from the Bangko Sentral ng Pilipinas (BSP) in March, which went to support commercial lending and for capital spending. The BSP said in a report that players secured P1.226 billion worth of credit under its peso rediscount window last month, marking the […] The post BSP sees drop in peso rediscount facility availment appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Disbursement growth seen accelerating — DBM

DISBURSEMENTS to government agencies accelerated early in the year, providing early warning of ramped-up public spending that will support growth, though the disbursement growth rate has room to improve, the Budget secretary said. Commenting on the January cash operations report released by the Bureau of the Treasury, Budget Secretary Benjamin E. Diokno said that the […] The post Disbursement growth seen accelerating — DBM appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 1st, 2018

Osmeña on Aguirre, Duque on HIV, Duterte on Kuwait deployment ban | Evening wRap

Today on Rappler: Cebu City Mayor Tommy Osmeña says he will file a disbarment case against Justice Secretary Vitaliano Aguirre.  Justice Secretary Vitaliano Aguirre says he sees a 'defect' in the plunder charges against alleged pork barrel scam mastermind Janet Lim Napoles.  Health Department Secretary Francisco Duque III refutes the report of a group of Filipino scientists that there ........»»

Category: newsSource:  rapplerRelated NewsMar 21st, 2018

Jordan Clarkson makes return to LA with forgettable performance

Former Los Angeles Lakers Jordan Clarkson and Larry Nance Jr. made their first return to their former home court, the Staples Center, although their new team, the Cleveland Cavaliers, the three-time Eastern Conference champions, lost against one of the lower-tiered teams in the West. Both Clarkson and Nance were shipped to the Cavaliers in a massive trade deadline swap, which saw Cleveland give away former Celtics star Isaiah Thomas to the Purple and Gold. The 46th pick of the 2014 NBA draft however did not make the most of the familiar rims and cavernous stadium, as he only finished the game with four points on 1-of-8 shooting, a far cry from his hot 21-point performance against the Lakers' co-tenants, the Clippers. Despite the loss and a terrible performance, Clarkson has been enjoying his opportunity in playing alongside LeBron James, one of the rare times a player has been able to play alongside Kobe Bryant and James, two of the best NBA players of all time. "It’s been awesome. He creates shots for us, he gets us going, [he's an] unselfish superstar. it’s definitely been cool." "I’ve played with LeBron and Kobe and not many people in the league can say that. That’s something I wanna be able to hold on to," Clarkson said in the post-game interview. .@JordanClarksons addresses media after his Cavs lose to his former Lakers team 127-114. Not the best stat line for the Fil-Am guard. 16 minutes of action 4pts on 1-8 shooting. 4 assists, 2 TO #NBAsaABSCBN #NBAsabaDOS 🇵🇭🏀 pic.twitter.com/cw3yG8qSrM — Steve Angeles (@StevieAngeles) March 12, 2018 Although his first game against the Lakers was sub-par, Clarkson will have to wait next season if we wants to showcase more of his repertoire at the Staples Center since Eastern Conference teams only visit Western Conference arenas once a season. With a report from Steve Angeles, ABS-CBN News......»»

Category: sportsSource:  abscbnRelated NewsMar 12th, 2018

NBA reviewing sexual assault allegations against Mark Cuban

DALLAS (AP) — The NBA says it is reviewing 2011 allegations of sexual assault against Dallas Mavericks owner Mark Cuban and the decision by prosecutors not to pursue the case. League spokesman Mike Bass said Wednesday (Thursday, PHL time) the NBA was looking into the matter after a weekly alternative newspaper in Portland, Oregon, reported a woman's claim that Cuban put his hands down her pants and touched her inappropriately while they were taking a photo at a Portland nightclub. The report Tuesday (Wednesday, PHL time) in the Willamette Week came about a week and half after a Sports Illustrated account that portrayed a hostile work environment for women in the front office of the Mavericks. While Cuban wasn't implicated, the SI report raised questions about what he knew and when. Cuban flatly denied the woman's allegations and provided a prosecutors' report detailing the decision not to file charges. Prosecutors wrote that "there is no evidence to corroborate the complainant's statement and there is evidence contradicting the claim." The report also said the woman didn't want to proceed with the allegation......»»

Category: sportsSource:  abscbnRelated NewsMar 8th, 2018

Cuban s tanking talk raises key issue for NBA

By David Aldridge, TNT Analyst The NBA fined Dallas Mavericks owner Mark Cuban $600,000 for being honest. Cuban told Naismith Memorial Hall of Famer Julius Erving on Erving’s podcast a couple of weeks ago that he told his players during a recent dinner that “losing is our best option. Adam (Silver) would hate hearing that…(but) we want the players to understand. As a player, you know that even though you may not agree, but at least if you respect the fact that someone took the time to talk to you, and you understood their perspective, you’re going to give me your feedback, but you’re part of the process.” But the league fined Cuban for what it called “public statements detrimental to the NBA” three days later. And Silver sent a memo to all 30 teams last week detailing the league’s position. “Throughout this period,” Silver wrote, “we have been careful to distinguish between efforts teams may make to rebuild their rosters, including through personnel changes over the course of several seasons, and circumstances in which players or coaches on the floor take steps to lose games. “The former can be a legitimate strategy to construct a successful team within the confines of league rules; the latter -- which we have not found and hope never to see in the NBA -- has no place in our game.” Yet Cuban did not in any way, nor has any evidence to the contrary emerged, state the Mavericks were losing games on purpose; that is, players were intentionally missing shots, or not putting forth effort on defense to let the other team score, or anything like that. (Even Silver acknowledged in the memo that the league has “no basis at this time to conclude that the Mavericks team is giving anything less than its best effort on the court, and Mark has assured us that this is not the case.”) So, why the fine? Was what Cuban said so incendiary? ‘’Mark knew his comments were public, so it surprised me that he was so candid, but that's who Mark is,” said one very high-ranking official from another team over the weekend. “To me his comment wasn't indicating tanking as their strategy but more about setting the expectation that playoffs were not a possibility. The only consolation of not making the playoffs is being in the lottery. You can't blame a team from trying to turn the lemon (losing) into lemonade (top 4 pick). The league needs to find a way not to reward losing.” Exactly. What Cuban said was spot on -- losing to improve the Mavericks’ Draft position was, and is, the best and quickest way for Dallas to get better and start winning games again. That doesn’t mean everyone agreed with Cuban being so blunt. “I think it was a totally inappropriate to say that to players,” said another extremely high-ranking team official for another team. “Whatever the team’s strategy may be, I firmly believe that the players should always play to win. The fine is meaningless to Mark; in fact, sometimes I think he enjoys the publicity he gets from the fines.” But. We ask people to be truthful and not lie about their intentions. We tell our kids that no lie is worth telling, and that telling the truth, no matter how painful, is always the best choice. So Cuban is honest and tells the truth, that short-term losing makes more sense for his franchise’s long-term interests, and he’s relieved of 600 large by the league. Meanwhile, the Philadelphia 76ers are lauded -- and revel in their slogan, “Trust the Process,” celebrated by the team’s most ardent supporters -- whose central tenet was to lose, and keep losing, until you could draft a player good enough to build around and win down the road. Which is, exactly, what Dallas is doing now. Indeed, increased tanking is the logical extension of an analytics-dominant league. If three is greater than two -- the reasoning behind the primacy of the 3-pointer in today’s NBA -- then doing anything you can to get more ping-pong balls in the hopper is the correct thing to do. You can’t just embrace the parts of doing it by the numbers that are pleasant. This is the flip side. Burying one’s head in the sand and pretending teams don’t do this doesn’t make sense. Everyone does it in every sport, or don’t you recall “Suck for Luck,” the chant of Indianapolis Colts’ fans before the 2012 NFL Draft? What of Major League Baseball’s Houston Astros losing 324 games from 2011-13? Were they trying to win games, or did we all imagine them going from $102 million in payroll in 2009 to $26 million by 2013? “I resist the word ‘tanking,’ but I’m very pro ‘rebuilding,’ when it’s necessary,” said Los Angeles Dodgers President Stan Kasten, who in a former life ran the Hawks as general manager in the ‘80s and ‘90s, by telephone Sunday. “And, it’s painful,” Kasten said. “You’ve got to explain it to your team, your fans, to your front office, to your coaches, to your wife, to your kids, to the country club. It’s hard. It’s painful. It’s nobody’s first choice. But if it’s necessary, it’s often the quickest way to get the team back to winning. And don’t lose sight of that.” Kasten’s Dodgers lost the World Series to the Astros, who methodically built their team the last four years around young drafted players like Series MVP George Springer, last fall in seven games. But not only is he not angry with Houston for the way management took the franchise’s foundation to the studs -- compared with his high-spending Dodgers -- he admires the speed with which they went from worst to first. “I have real feelings about what they did,” Kasten said. “Because Mark Walter (the CEO of Guggenheim Partners, the global firm that bought the Dodgers in 2012) and I, before we bought the Dodgers, we were looking at Houston. Because they were available. And truthfully, when we looked at where they were, we were going to do the same thing. It had to be done. Because they were not on a track to win. And frankly, I don’t think I could have done it as fast, or as well, as (Astros owner) Jim Crane, or (GM) Jeff Luhnow. Because doing that, to the extreme, takes real intestinal fortitude.” Kasten makes a strong distinction between a team cutting payroll and going young and that winds up losing, and one that’s actively seeking ways to lose more games. “All of these owners are hyper-competitive, and they want to win,” Kasten said. “And truthfully, the quickest way to win, at least if you look at the last three world champions, is to rebuild and get young and get prospects and do it that way. And if you don’t think that’s the better way to go, ask the fans in Houston and Chicago and Kansas City how they feel. You won’t get one fan who disagrees with what is done. It is the quickest way to win.” Please do not misunderstand. I hate tanking. I hate the idea of introducing losing into your shop, even indirectly. It’s like a virus, extremely difficult to get rid of once it gets in a franchise’s bloodstream. A ticket is, in essence, a contract between parties: I pay top dollar, you give me top-dollar product in exchange. When a team tanks, it violates that compact; I don’t recall any team that’s given fans a tanking discount. It is also very difficult to tank effectively in the NBA. The last three teams with the best odds of getting the No. 1 in the Draft going into the Lottery -- Boston (2017), Philadelphia (2016) and Minnesota (2015) -- have indeed won. But prior to that, the team with the best odds didn’t get the first pick for 10 consecutive years, and 22 times out of the last 25 years. And even the teams that did buck the odds and get the first pick often picked wrong, or did I miss Anthony Bennett Night in Cleveland, or the Andrea Bargnani statue outside of Air Canada Centre? “The Draft is often a crap shoot anyway,” the official from the second team said. “So why not give your fans the best product that you can and then draft Donovan Mitchell,” as Utah did this season. The Jazz traded for the rights to the Kia Rookie of the Year candidate, who was taken near the bottom of the Lottery (13th overall by the Denver Nuggets). This came a season after the Jazz went 51-31 and won its first-round playoff series. I agree. Tanking does not reward excellence in team building -- good drafting, good free-agent signings, good player development -- it rewards the exact opposite of that. It’s a Golden Ticket that doesn’t even require you to buy an Everlasting Gobstopper. But, tanking is reality. You can’t pretend it isn’t. And the only way to completely get tanking out of pro sports is to eliminate the Draft in all sports, including the NBA. We don’t want to have that conversation, do we? Personally, I’d love it. Can you imagine the fight that would set up between interested teams -- and who wouldn’t be interested? -- in a certain 7-foot-1 freshman center almost certain to leave school early who currently plays for a school that’s been in the news for all the wrong reasons lately? Would he help the Lakers? The Knicks? The Bulls? The NBA team in the state in which the college player currently plays, which rather desperately needs another star to pair with its one really great player (whose name, if you must know, rhymes with “Nevin Cooker”)? Would he help any team in the league that doesn’t currently employ Anthony Davis, Joel Embiid or Karl-Anthony Towns in the middle? Most assuredly. And if he could control where he wanted to go, and for how much, the process would be must-see TV. Yet, while the real-world implications would be fascinating, I’m not sure how you could eliminate the Draft without loosening the underpinnings of the entire pro basketball enterprise (and, yes, one could make a moral case for doing just that, as it does go against the whole Manifest Destiny thing to artificially bind someone to a company rather than letting them market their services to the highest bidder). If there was no Draft, why would any player with Lottery-level talent go to college? Yes, there would be the occasional Grant Hill/unicorn who wants to go to college to better themselves intellectually and/or embrace the person growth that often comes from being on your own for four years. But, while sad to say, most kids with NBA dreams go to college because that’s the path through which they can ultimately get to the pros the fastest. With no Draft, and few of the top college-age players thus needing/wanting to go to college, you’d have a very different March Madness than you have now. And as that is a multi-billion enterprise, both for the broadcast networks that air it (including Turner Sports, which runs NBA.com) and the colleges that reap the financial deluge it produces, the likelihood of across the board support for a new player acquisition model is slight. Not to mention, you’d have a much different salary structure in the NBA, as there would be no rookie slotting for drafted players. And if you think the game’s superstars would stand idly by and watch more of that cheddar that they helped produce go out the door to guys who haven’t yet done anything … you’d be wrong. So, the Draft isn’t going anywhere. Which means the NBA must decide whether it wants to continue to be shocked, shocked that tanking is going on in its league, or accept the reality that there is not much patience for being in the middle ground in a league where every team is now worth more than $1 billion. There is only, as Pat Riley said a long time ago, winning and misery. Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsMar 6th, 2018

China amps up defense spending amid modernization drive

BEIJING — China announced on Monday an 8.1% defense budget increase for 2018, giving a boost to the modernization of the world’s largest military after spending slowed in the previous two years. Beijing will splash out 1.11 trillion yuan ($175 billion) on its military, according to a budget report presented before the opening session of […] The post China amps up defense spending amid modernization drive appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

Final report on NCCC Mall fire submitted Monday; criminal complaints to be filed

DAVAO CITY (MindaNews / 04 March) —  The Interagency Anti-Arson Task Force (IATF) will file criminal complaints against the management of the NCCC Mall Davao, Survey Sampling International (SSI), Rockfort Construction Company, and officials from the Bureau of Fire Protection (BFP)-Davao, Philippine Economic Zone Authority (PEZA), and City Building Office (CBO) for the December 23, […] The post Final report on NCCC Mall fire submitted Monday; criminal complaints to be filed appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsMar 5th, 2018

Castro ready to go in 'do-or-die' game vs. Japan

There's still pain in his ankle but Jayson Castro is ready to report for Gilas duty Sunday against Japan as the 2019 FIBA World Cup Asian Qualifiers continue. Sidelined during the Philippines' loss to Australia, "the Blur" will be back in harness against the Akatsuki Five. After spending the entire trip to Melbourne getting himself back to peak condition, Castro finally participated in scrimmages Saturday at the MOA Arena. He says he's ready to go in the "do-or-die" game against the Japanese. "During that trip [to Australia], puro rehab lang ako tsaka mga light workout para yung stamina ko nandun pa rin," Castro said. "Kung sa kanila [Japan] do-or-die to, ganun din samin," he added. After the loss against the Boomers, the Japan game is all the more important for Gilas as they hope to advance to the second round of the Asian Qualifiers. And "the Blur" is out to make sure his team is aware of their situation on the court Sunday. "Sa side naman natin, for us to move on sa second round, kailangan natin ipanalo to," he said. "Yun yung mentality namin," Castro added.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsFeb 24th, 2018

Protest US intel report on Duterte, Speaker urges DFA

DISMAYED Speaker Pantaleon Alvarez yesterday said the Department of Foreign Affairs should file a diplomatic protest with the United States over its intelligence report declaring President Rodrigo Duterte “a threat to democracy and human rights in Southeast Asia.” At the same time Alvarez called for the Philippines leaving the United….....»»

Category: newsSource:  journalRelated NewsFeb 22nd, 2018

Alvarez seeks diplomatic protest against US over report on ‘Duterte threat’ 

SPEAKER Pantaleon Alvarez of Davao del Norte called on the Department of Foreign Affairs (DFA) to file a diplomatic protest against the US over its intelligence community report listing President Rodrigo Duterte as among Southeast Asian leaders who pose a threat to democracy and human rights. This was based on Duterte’s war on drugs, crime [...] The post Alvarez seeks diplomatic protest against US over report on ‘Duterte threat’  appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 22nd, 2018