Brave Peter Holt! This is why San Antonio has been a model franchise for mre than a decade! The Right people doing the right things!
Peter Holt took a serious financial hit yesterday and he did so for the good of the franchise you love.
It’s hard to feel sympathy for a man whose net worth is counted not just in millions but in tens of millions, but compare Holt’s situation to Mark Cuban’s, whose net worth is presumed to be north of $2 billion, and you begin to recognize the commitment Holt is making to the franchise. When the Mavericks head into the luxury tax, Cuban hardly feels the prick of a pin. Holt and the rest of the Spurs ownership group commit a significant fraction of the franchise’s net worth to the team’s success.
Mr. Holt’s financial commitment to the team is significant to no one more than the 3 individuals we adore most: Tim Duncan, Manu Ginobili, and Tony Parker. Whether by only requesting reasonable contracts or restructuring their contracts to allow the team to acquire the necessary supporting cast, over the last several years the big three have done their part to ensure the Spurs are in a position to compete for championships. By allowing the front office to take the steps they took today, Holt has kept up his end of the bargain.