While the Government Is at It, How About a New York Knicks Bailout?

Brian LitvackContributor ISeptember 25, 2008

I have the distinct honor of being part of a New York Knicks offseason e-mail listserv. Yup, it’s as pathetic as it sounds.

What kind of intelligent analysis can be applied to the Knicks signing a crippled Allan Houston or Stephon Marbury telling the world that he’s going to get all his money ($21.9 million)? I’m not sure how I got on the listserv, and the quality of an average e-mail is on par with spam touting penile pumps and THC pills.

As I stated in a previous blog post, I’ve pretty much given up on the Knicks. It baffles me that some of the folks on the e-mail chain actually still care/root/believe in the Knicks. Then I realize those people have no idea what they are talking about and know nothing about sports.

Today, my buddy "da Bwetty," who does know something about sports, and often has a refreshingly unique angle on the world of sports (check out his take on LeBron and Rick Ankiel's comeback), wrote this gem of a paragraph. Short, but sweet. Almost made being on the listserv all summer worth it.

"I was just thinking in light of the Fed bailout of financial institutions...would it be possible for the city/NBA to formulate a bailout plan for the Knicks...essentially remove their bad assets, ie. randolph, james, rose, curry, marbury and replace them with fresh cap space for Walsh to operate the franchise?...The city/nba could hold these players till the market for these players turns around...the entire situation seems analogous to the credit crisis as the failure of the knick organization could create a “systemic risk” for the entire league."