One Lehman Brothers executive, after being let go from the Wall Street firm, bought a Union, New Jersey franchise from a national handyman firm. A franchise was approximately $110,000 with a franchise fee of $14,900, according to a spokesperson for a national handyman franchise.
Remembering When the Spurs drafted David Robinson (& waited 2 years for him to play) Most teams are willing to use a #1 pick on a raw big man who might take a year or so of playing in the NBA before they start to develop into the All-Star type player they are hoping for. But not many would use their #1 pick on a player they wont even get to see in a NBA uniform for 2 years. Then again, most teams with a #1 pick donât have a shot at a David Robinson like the Spurs did. In 1987, the San Antonio Spurs used their #1 pick and drafted big man David Robinson from the US Naval Academy and then waited 2 years for him to finish his commitment to the Navy.
Kwame Brown, (No. 1, Wizards, 2001) Drafted before: Tyson Chandler, Pao Gasol, Joe Johnson, Zach Randolph, Tony Parker, Gilbert Arenas. Jordan was on the other end of a big bust himself. As the Wizards' team president in 2001, Jordan made Brown the first high schooler ever taken with the first overall pick. Brown, considered a superstar talent despite his youth, never lived up to the hype, though he has hung around the league in bit roles ever since.