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07/01/2010 - Cleveland, OH (Sportsbook Betting Lines) - The Cleveland Cavaliers are reportedly close to hiring Byron Scott as their next head coach.
Several media sources report the Cavs were in negotiations with Scott, who started last season as head coach of the New Orleans Hornets before being fired just nine games into the 2009-10 campaign.
Scott was in his sixth season with the Hornets and was in the final year of a two-year extension he signed in May of 2008 when he was let go. Scott compiled a record of 203-216 during his tenure in New Orleans.
The Cavs fired Mike Brown after a second-round playoff loss to Boston. Brown spent the last five seasons with the Cavs and guided the team to a record of 272-138.
The Cavs were looking to make a splash with a big-name coach by trying to lure Tom Izzo to the NBA ranks, but Izzo opted to stay at Michigan State for what seems the duration of his career. Lakers assistant Brian Shaw also was a finalist to coach the Cavs, but withdrew his name from consideration Wednesday.
The Cavaliers face the possibility of a bigger change this summer should reigning two-time MVP LeBron James leave the team.
Before taking over in New Orleans, Scott guided the New Jersey Nets to a record of 149-139 with a pair of NBA Finals appearances in three-plus seasons. After leading the previously-moribund Nets to the league title series in the spring of 2002 and 2003, Scott was fired with a 22-20 mark midway through the 2003-04 campaign.
Scott was an assistant coach with Sacramento for two seasons after a 14-year playing career with the Lakers, Pacers and Grizzlies. He won three NBA titles during the late 1980s with the Lakers.
<< Wolves to host Gay, Lee this week
MINNEAPOLIS (AP) -The Minnesota Timberwolves will bring free agents Rudy Gay of Memphis and David Lee of New York in for visits this week.Team president David Kahn says Gay will come to the Twin Cities on Thursday and stay through Friday and Lee wil
<< At last, free agency starts for Dwyane Wade
MIAMI (AP) -For Dwyane Wade, the start of free agency was predictable. He got courted by Pat Riley.The Miami Heat contacted a slew of top free agents when the clock struck 12:01 a.m. Thursday, a deep list that includes Wade, LeBron James, Chris Bosh
<< Wild re-sign Latendresse
St. Paul, MN (Sportsbook Betting Lines) - The Minnesota Wild re-signed forward
Guillaume Latendresse to a two-year, $5 million contract Wednesday night.
Latendresse scored a career-high 27 goals last season and had a total of 13
assists.
<< Guillen's blast lifts Royals over ChiSox
Kansas City, MO (Sportsbook Betting Lines) - Jose Guillen capped a four-run seventh with
a three-run homer, as the Kansas City Royals held off the Chicago White Sox,
7-6, in the rubber match of a three-game series at Kauffman Stadium.
Billy Butler
Guerrero burns former team as Rangers top Angels >>
Anaheim, CA (Sportsbook Betting Lines) - Vladimir Guerrero continued to torment his old
team, going 4-for-4 with two homers and five RBI, as the Texas Rangers evened
this three-game set with a 6-4 win over the rival Angels.
Guerrero, who spent the
LeBron heads huge free-agent crop >>
Philadelphia, PA (Sportsbook Betting Lines) - The NBA's biggest crop of free agents hit
the open market Thursday morning with LeBron James, Chris Bosh, Dwyane Wade,
Dirk Nowitzki, Amar'e Stoudemire and Joe Johnson headlining the wish list of
several
Now a free agent, King James awaits his suitors >>
NEW YORK (AP) -Finally free to leave Cleveland, LeBron James is ready to hear reasons why he should.The NBA's long-awaited free agency period opened early Thursday, with teams such as New York and Miami focusing their attention on California.Now all
Agent: Byron Scott accepts Cavs' job >>
CLEVELAND (AP) -Byron Scott has accepted Cleveland's coaching job, his agent told The Associated Press.Brian McInerney said in an e-mail that the sides are working through some final details, but that Scott has agreed to become Cleveland's next coac
In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
To visit this sportsbook go to MySportsbook.com for all your college football betting needs.
Recently I had an email debate with an angry reader who said I did not understand "the science of oddsmaking", as he called it.
He said I was wrong for suggesting oddsmakers care about who wins or loses games.
"Oddsmakers only care about splitting the betting public 50/50 on both sides of the line and keeping the commission (a.k.a. juice)," he wrote.
He might have been right about not understanding "the science of oddsmaking". After all, I'm not an oddsmaker. That said, I stick to my assertion that oddsmakers (a.k.a. sportbooks) often do care about who wins games.
Granted, as a general rule, sportsbooks try to balance their action so that they're not exposed to big losses. However, there are times when this is difficult to pull off, regardless of how much a line has moved. There are also times when that general rule is ignored and a book pursues risk.
Generally speaking, it's safe to say the books in Vegas are risk-adverse. Unlike in the past when the wise guys ruled the town, Vegas is now corporate and the goal of most casinos is to make as much money as possible with as little risk as possible.
Thus, Vegas sportsbooks try everything in their power to balance the action. They're satisfied simply collecting the juice. But these profits are small, especially compared to the take from other casino games, namely slot machines.
Because the profits at Vegas sportsbooks are so small, you could argue that many casinos operate sportsbooks simply as a novelty to keep the tourists happy.
With a growing aversion to risk, it should come as no surprise that Vegas bookmakers have been panicking this NFL season.
Despite huge pointspreads, a disproportionate percentage of bettors are still laying their money on favorites like the Eagles, Colts, Pats and Vikings rather than the dogs (a common trend for the largely recreational bettors that visit Vegas).
And much to the dismay of the books, those favorites are finding ways to cover the thick chalk. In fact, prior to Week 7, the four teams listed above are a combined 16-2-2 (88 percent) against the spread. (The tables turned dramatically in Week 7, but more on that later.)
The result has been an early-season beating for the books, and a bonanza for bettors.
While Vegas increasingly hates risk, it's no longer a major player in the sports betting world. Most of the betting action now takes place offshore where sportsbooks are not as obsessed about balance. In fact, some books encourage exposure to risk because the rewards can be so much bigger.
Consider MySportsbook.com. On its website, the book has odds pages which actually display the amount of action it's getting on games. In other words, you can see how much action the book is taking on both sides of a pointspread, moneyline or over/under.
One look at these numbers and it's obvious MySportsbook.com does not balance every game. In fact, far from it.
Take last weekend's matchup between St. Louis and Miami. By game time on Sunday, 83 percent of the betting action at MySportsbook.com was on the Rams; only 17 percent was on Miami.
What's interesting is that MySportsbook.com opened the pointspread with Miami at +6 1/2. By game time, the spread had lowered to +5.
That goes contrary to the balancing theory. If MySportsbook.com had wanted to balance the action, it would have given Miami more points; instead, it took away 1 1/2. World Series odds are now up as well.
MySportsbook.com exposed itself to even more to risk, and rolled the dice on the underdog Dolphins. Why? I contacted a representative with the book to find out. His answer was simple.
"The line moved early based on 'smart money' from sharp players," said Jeff Gilroy, a spokesperson for the book. "We also knew from early in the week that we would need Miami, therefore (we dropped) the spread to encourage Rams money.
"At the end of the day, we liked the home team."
So the conclusion is this: MySportsbook.com respected the sharp action, and gambled that the sharp bettors had a better take on the game than the recreational bettors, who were hammering the visiting Rams.
In the end, the gamble paid off. Miami, desperate for a win in front of its home fans, pounded the overrated Rams, who are terrible on the road and even worse on grass. Final score: 31-14 Fish.
MySportsbook.com was also heavily exposed on numerous favorites in Week 7, including Philadelphia, Seattle and Denver. All three failed to cover.
The fact that sportsbooks are exposed to risk on certain games is really nothing new. The fact, that Sportsbook.com is willing to show the public where it's exposed is intriguing.
Armed with this type of information, bettors can make more educated wagers. They can get an idea where the sharp money is going and conversely where the public money is headed.
MySportsbook.com is opening up its cashbox, letting bettors look inside and challenging them to take their best shot at grabbing the cash.
To visit this online football betting got to MySportsbook.com for all your football betting odds needs. Mysportsbook.com online sportsbook accepts Visa and Mastercard credit cards.
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