Take on the Knicks

If you step back and realize that for Dolan it isn't about winning but about a business, it makes sense. The Knicks are basically NBA irrelevant eight out of every ten years. In those eight years they don't make the playoffs and aren't competitive most of the season. But what does happen is that the garden is packed because Knick fans are diehard loyal. They don't care if they win, they come out and support all the time. They don't need much, they need just an inkling of success.

But what happens with the Knicks is that every five years they have a baby run and that baby run sustains the fan base. They become the talk of the town, they make a splash with Allan Houston or Brunson or whatever and fans buy tickets. But what's more important is they sell their TV rights to SportsChannel and make more.

Does Dolan want to sell a few more pullovers? Sure. Does Dolan want to blow the entire thing up and see his money tree dry up? No way. He knows how this works. Stay relevant every once in a while. Win the backpages in the summer months. When LeBron or Ja or Giannis comes to town you have a buzz, mostly because we are a big event town and we like to see Billy Joel and Bruce and Jordan and Curry and whatever.

But will the Knicks ever build a sustainable product that wins year after year ? No way. It would involve scouting and smart management decisions and Dolan to step back.

But as long as the Knicks are in NY they will be worth billions. It's like owning real estate on 88th and park. It doesn't matter how nice the apartment is, it's located in NYC so you can borrow against it forever and keep leveraging.

It's like the Cowboys. They haven't won since Jay Novacek. But it doesn't matter…they are one of the most valuable franchises in the world.