New York, the site of the 2000 NBA Draft.

The Grizzlies and the group walked briskly through the Madison Square Garden Theater, they were in a hurry, there was no Joe Hay in the crowd, and Stu Jackson was the leader, followed by Sven Mislintart and Byron Scott.

At the same time, Qiao Hai appeared in Los Angeles.

At the Hoop headquarters, Qiao Hai met with Qiao Zhishui and David Falke.

After some talks, the three reached an agreement.

Joe used more than $1 million he had saved over a season (including salary and playoff bonuses from John McCaw and playoff bonuses from the league), plus $500,000 for best coaching, $500,000 for the regular season championship and $1 million for winning the championship, for a total of more than $3 million to buy a 40% stake in Hoop Sports from David Falke and Joe Chimariner.

At the beginning of the establishment of Hoop Sports, Qiao Hai owned 60% of the shares, and now buys the remaining 40% of the shares, which means that Hoop Sports has become an independent holding company of Qiao Hai from the moment this agreement is signed.

The meeting took a short time, and David Falke and Qiao Zhishui did not embarrass Qiao Hai much.

The reason is very simple, although the market value of Hoop Sports has been soaring in the past six months, from the initial market value of one million, it has risen to a market value of ten million, but Qiao Zhishui's career focus is investment, he has little interest in the media industry, and his shares are not much, only 10%, Qiao Hai wants to buy, he will sell directly.

David Falke's idea is simpler, the market value of Hoop Sports has indeed risen very quickly, but it is a very water market value, because Hoop's profitability is not high, and the revenue and expenditure have been almost equal for half a year, which is considered a self-sufficient enterprise, if it is not sold, it is difficult for this self-built company to have any big income, so Qiao Hai wants to buy it, anyway, it is also the market price, and he sold it directly.

Having paid almost all the working capital, Hoop Sports now belongs to Qiao Hai alone.

For seawater investment, Qiao Hai, Qiao Zhishui and David Falck also discussed.

David Falke took almost all of this year's dividends from Seawater Investment, which can be regarded as a semi-divestment, and as a result, the equity is redivided.

David Falck, who originally accounted for 50% of the shares, only had 10% of the shares left, Qiao Zhishui's shares rose to 20%, and Qiao Hai's shares also rose from 40% to 70%.

After the redivision of shares, Qiao Hai became the majority shareholder of Seawater Investment, and 70% of the shares were enough for him to control the investment company.

The company's current investments are in Google, which currently owns 20% of Google's shares, which is considered the third shareholder, and the company's market value has also soared in the past year.

Of course, in the same way, the current situation of network IT companies is that although the market value is high, the profitability is not high, so seawater investment has not been able to get much benefit from Google.

The company's other investment is very profitable.

Qiao Zhishui has a stock market team, which is responsible for churning on the NASDAQ, and owns half of the funds invested in seawater, except for an investment that is used to buy shares in Amazon and hold it for a long time, the rest of the funds are short-term operations.

In the past six months, relying on this stock market team, the revenue of seawater investment is still very high, and the dividends in the middle of the year are also derived from this.

…………………………

In New York, the draft began in a noisy atmosphere.

The Nets who accidentally drew the champion lottery directly chose Kenyon Martin, so Kenyon Martin also became a rare senior champion, but this choice was expected by everyone, the 2000 draft was a draft year from the beginning, and Kenyon Martin was already the tallest of the short.

The Warriors, who have the No. 2 pick, chose the physical Stroy MyersSwift.

The Clippers, who have the No. 3 pick, chose Darius Myers, a high school student and known as the second generation of KG.

The No. 4 pick of the Bulls chose Marcus Fetzer, who can play two forward positions, but this choice was booed by the whole court, especially those Bulls fans, who were dissatisfied because they believed that Marcus Fetzer should not have been selected in this pick, and the reason why Marcus Fetzer was selected by the Bulls was because Fetzer and Bulls coach Tim Floyd have an old relationship, and Bulls fans believe that this is a humane choice and not in the actual interests of the Bulls.

With the No. 5 pick, the Magic took off McMiller.

With the sixth pick in the first round, the Hawks drafted DeMar Johnson, a small forward with Scott Pippen.

With the seventh pick in the first round, the Bulls drafted white center Kris Meter.

With the eighth pick in the first round, the Cavaliers selected Jamal Crawford, but then the Cavaliers made a deal with the Bulls, trading Jamal Crawford for Kris Meter.

The Rockets, who were the ninth pick in the first round, drafted Joel Pulzbilla.

With the 10th pick in the first round, the Magic selected Kenyon Durin.

Celtic selected Jerome Moiso with the 11th pick in the first round.

With the 12th pick in the first round, the Mavericks selected Etan Thomas.

The Magic, who were the 13th pick in the first round, selected Courtney Alexander.

With the 14th pick in the first round, the Bucks selected Jason Collier, and then traded Jason Collier with a future first-round pick to trade Joel Pulz Billy from the Rockets......

Then, with the 15th pick in the first round, it was the Grizzlies' turn to choose.

Although Qiao Hai did not participate in this draft, he gave Stu Jackson a list, and the Grizzlies originally had three draft picks, but the 29th pick in the second round had been sold to the Spurs by Stu Jackson for $300,000.

So now, the Grizzlies have two draft picks left.

For these two draft picks, Qiao Hai gave Stu Jackson a four-man roster, in order.

With the 15th pick in the first round, Johi's four-man roster included Jamal Magloyer at the top of the list, followed by Sidotkoglou, then Maurice Piterson, and finally Quentin Richardson.

Stu Jackson flipped through the draft roster, and Jamal Magloyl was still there, so, without even thinking about it, he wrote Magloyle's full name on the note.

Moments later, David Stern on the main stage got the note and read it out: "The 15th pick in the first round, the Vancouver Grizzlies made the choice - 6-foot-11-inch center Jamal Magloyle from the University of Kentucky!" ”

In a corner below the stage, the crowd suddenly boiled, and the tall Margloyl stood up and put on a grizzly bear hat.

……

The 29th pick in the first round, Qiao Hai also gave a list of four people, the first one is Michael Reed, Qiao Hai also gave a note, be sure to choose Michael Reed!

If he can't choose, Qiao Hai will have to consider trading to get Michael Reed.

But it's not a big problem, Michael Reed's prediction pick has always been in the second round, so the Grizzlies easily selected Michael Reed for the last place in the first round.

It's still David Stern's voice: "With the 29th pick in the first round, the Vancouver Grizzlies chose - Michael Reed, a six-foot-and-five-inch shooting guard from Ohio State University!" ”

Michael Reed put on the Grizzlies' hat amid a cheer, and the first-round draft was over.

David Stern left, and the second-round draft broadcast task will be completed by the league's vice president, and the Grizzlies management will also leave, because the Grizzlies have no signings next, and they don't need to stay here.