Magic extend Van Gundy

Basketball Betting Lines

07/28/2010 - Orlando, FL (Sportsbook Betting Lines) - The Orlando Magic have extended the contract of head coach Stan Van Gundy through the 2012-13 season.

The team also announced Alex Martins has been promoted to team president and Otis Smith to president of basketball operations with those deals also running through the 2012-13 campaign.

"Alex, Otis and Stan have brought great energy, dedication, leadership and vision to our organization," said Magic CEO Bob Vander Weide. "As a team, both from a basketball and business standpoint, they have us moving in a very positive direction and toward our ultimate goal of winning an NBA Championship."

Van Gundy's contract was set to expire after the upcoming season. He has a career NBA head coaching mark of 282-149 and a 170-76 record with the Magic. During the last three seasons with Van Gundy at the helm, the Magic have won three straight Southeast Division championships, reached the Eastern Conference Finals in back-to-back seasons and captured the conference title in 2008-09.

Martins had been the team's chief operating officer. Since re-joining the organization in June of 2005, Martins has led the Magic in its business operations, while overseeing a ticket sales effort which saw the largest increase in attendance in the NBA. He also helped to secure the new state-of- the-art Amway Center in Orlando, which is scheduled to open this October.

Smith was originally promoted to general manager on May 3, 2006.

Supercazino Basketball Betting News

<< Warriors' Lin hopes to beat Harvard stereotypes
TAIPEI, Taiwan (AP) -The first Taiwanese-American signed by an NBA team hopes to overcome the negative stereotype of playing college basketball at Harvard, and eventually wants to be a minister in an inner-city neighborhood.Undrafted point guard Jer

<< Bartoli, Sharapova reach second round in Stanford
Stanford, CA (Sportsbook Betting Lines) - Reigning champion Marion Bartoli and former World No. 1 Maria Sharapova were first-round victors Tuesday at the $700,000 Bank of the West Classic tennis event. The former Wimbledon runner-up Bartoli handl

<< Hot Fish pulls out of LA event; Blake advances
Los Angeles, CA (Sportsbook Betting Lines) - Red-hot American Mardy Fish pulled out of the $700,000 Farmers Classic tennis event on Tuesday, citing fatigue and an ankle injury. An eighth-seeded Fish was scheduled to meet German Benjamin Beck

<< Jack Roush hospitalized following plane crash
Milwaukee, WI (Sportsbook Betting Lines) - Jack Roush, co-owner of Roush racing, was hospitalized Tuesday night following a plane crash at Wittman Air field in Oshkosh, Wisconsin. Roush was landing his Hawker Beechcraft Premier jet when the crash took

<< Lackey beats old team as Red Sox use late surge
Anaheim, CA (Sportsbook Betting Lines) - John Lackey returned to his former stomping grounds and pitched 7 1/3 quality innings to lead the Boston Red Sox to a 4-2 win over the Angels in the middle installment of a three-game series. Lackey (10-5

Panthers agree to terms with Clausen >>
Charlotte, NC (Sportsbook Betting Lines) - The Carolina Panthers have reportedly agreed to terms with rookie quarterback Jimmy Clausen. According to the Charlotte Observer, Clausen has a four-year deal that could be worth as much as $6.3 million. T

McCourty comes to terms with Patriots >>
Boston, MA (Sportsbook Betting Lines) - The New England Patriots and first-round draft pick Devin McCourty have agreed to terms of a contract. McCourty's agent, Andy Simms, posted the news on his Twitter feed Wednesday morning. Terms of the

Blue Jackets re-sign Stralman >>
COLUMBUS, Ohio (AP) -The Columbus Blue Jackets and defenseman Anton Stralman have agreed on a one-year contract, just minutes before they were to go to arbitration on Wednesday morning.General manager Scott Howson announced the re-signing.Stralman,

White Sox, Buehrle hope to extend home streak versus Mariners >>
(Sportsbook Betting Lines) - Mark Buehrle tries to lead the Chicago White Sox to their 10th straight home win this evening when they resume their four-game series against the Seattle Mariners at U.S. Cellular Field. Buehrle has been a big reason behin

Astros vie to extend series win streak over Cubs >>
(Sportsbook Betting Lines) - The Houston Astros have yet to lose a series to the Chicago Cubs this year. Starting pitcher Bud Norris getting his first victory in well over two months would keep that stretch going. Norris and the Astros aim for a fourt

FOOTBALL BETTING : Crabtree's base deal: six years, $32 million

Football Betting

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.

NFL Betting Lines

To visit this sportsbook go to MySportsbook.com for all your college football betting needs.

MySportsbook features easy-to-use online betting software that’s the most reliable in the industry. If you’re looking to bet underdogs, then this Sportsbook is the place - we have the best betting lines in the business. MySportsbook is your one-stop shop for all your betting needs - sports betting, poker, casino, and horse racing . MySportsbook offers every bet type with lightning fast settlement of wagers. Take advantage of free statistical analysis - including against-the-spread and straight-up trends - in MySportsbook’s game previews section. With MySportsbook there are unlimited free deposits and payouts - and no transaction fees!

To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.