Leaked draft of IORP II Directive sets out to support long-term investment

first_imgA leaked copy of the European Commission’s long-awaited proposal for revising the directive on Institutions for Occupational Retirement Provision (IORP) sets out to “strengthen the capacity of IORPs to invest in assets with a long-term economic profile” and falls “well within the scope of the Commission’s agenda towards a stronger sector to support growth”.It does not consider the introduction of new solvency rules.The proposal calls for fiscal consolidation and long-term sustainability to be implemented hand in hand with EU member states’ structural reforms of their respective pension systems.It is also meant to be consistent with and complementary to other initiatives in the field of financial services, such as Solvency II, MiFID II and the Alternative Investment Fund Managers Directive (AIFMD). The proposal sets out four specific objectives: (1) removing remaining prudential barriers to cross-border IORPs; (2) ensuring good governance and risk management; (3) providing clear and relevant information to members; and (4) ensuring supervisors have the necessary tools to effectively supervise IORPs.In November 2013, EU commissioner Michel Barnier, in his closing speech at EIOPA’s conference in Frankfurt, confirmed that the directive would not cover solvency rules but rather the governance and transparency of pension funds.“Along with trying to solve cross-border issues,” he said at the time, “our aim is to create a framework in which pension funds can grow – especially in member states where they hardly exist today.”He said EU member states that already had a developed pension fund sector with a high standard of transparency “should not be greatly impacted by this proposal”.True to his word, the leaked draft states that the proposal does not consider the introduction of new solvency rules.”Solvency rules are not directly relevant for DC schemes,” it says. “Moreover, the Quantitative Impact Study conducted by EIOPA indicated that more complete data on solvency aspects are necessary before a decision can be taken on those aspects.”The proposal describes itself as a “minimum harmonisation legal instrument” and states that national authorities may go further if necessary for the purposes of member and beneficiary protection.However, it states that the minimum standards within the IORP I Directive of 2003 are to be raised, with some parts of the new directive being reinforced by Commission delegated and implementing acts.Blame for a general lack of reform by EU member states also appears in the text, particularly their failure to remove obstacles to cross-border activities.Another is failure to ensure an EU-wide minimum level of consumer protection.One stated aim in the leaked draft is to “take into account positive externalities arising from scale economies, risk diversification and innovation inherent to cross-border activity”.Furthermore, it sets out to avoid regulatory arbitrage between different financial services sectors and member states.Under the heading ‘Powers of interventions and duties of the competent authorities’, the text states that competent authorities may also restrict the free disposal of an institution’s assets when it has failed to establish sufficient technical provisions.Another article states that the competent authorities may also transfer the powers of persons running an institution located in their territories, wholly or partly, to a special representative who is fit to exercise these powers.As for the expected date of the final version of IORP II, the Commission mentions March, without providing a firm date.last_img read more

Cannabis campaigners say New Zealand is lagging behind the rest of the world

first_imgStuff co.nz 28 January 2018Family First Comment: Rest of the world??? Dream on. Couple of countries and states – who are now paying the price, as this article highlights!www.saynopetodope.nzWhile Labour’s arrangement with the Greens promises a referendum by the 2020 election to decide whether the personal use of cannabis should be legal, pro-marijuana activists believe New Zealand is at risk of falling way behind and want the Government to act sooner.Canada is set to become the second country in the world to legalise the consumption and sale of cannabis for personal use, after Uruguay made the move last year. California has just become the sixth US state to allow the sale of cannabis products for recreational use.But as the effects of legalisation are starting to be felt, there are some concerning trends emerging.A recent 2017 review outlining the impact of legalisation of cannabis in Colorado revealed an increase in cannabis-related traffic deaths and road accidents; cannabis-related emergency visits and hospitalisations; accidental cannabis poisoning in children; and an increase in cannabis use in overall population.The state has also seen an eight per cent rise in homelessness since 2013, a year after the state backed legalisation, fuelling speculation over whether the looser rules are to blame.Perhaps the most significant benefit to the state is tax, which received $198.5 million in revenue last year from cannabis sales of $1.3 billion. The industry also added over 18,000 new full-time jobs in 2015 and spurred $2.4 billion in economic activity.Bob McCoskrie, of Christian lobby group Family First NZ, says legalising cannabis is “the wrong path” because there are just too many health risks.Their website, Say No to Dope, aims at informing families about the attempts and harms to legalise cannabis, and to help them speak up in the public debate. But the group supports the government’s current legislation around medicinal cannabis and any further research around non-smoked forms.“Families simply don’t want marijuana plants being grown next door by dope dealers in view of the children, tinnie houses on street corners and pot shops in local shopping areas, or marijuana being disguised as lollies and edibles as has happened overseas,” he says.“There is a false dichotomy that criminal sanctions apparently haven’t worked so we should ditch them all together and we should focus only on education and health initiatives.“We should maintain both. Policing burglary, theft and the drug P also costs money – should we decriminalise these also because the ‘war on burglary’ or the ‘war on P’ is failing?”READ MORE: http://www.stuff.co.nz/national/health/100404946/cannabis-campaigners-say-new-zealand-is-lagging-behind-the-rest-of-the-worldlast_img read more

Marjorie R. Finch, 97, Bath, Indiana

first_imgMarjorie Finch, 97, of West Lafayette, Indiana and formerly of Bath, Indiana passed away on Thursday, July 25, 2019 at her home with family by her side.She was born to the late Howard and Grace Miles on January 31, 1922 in Franklin County, IN.    She married Donald Finch on October 18, 1941.  She is survived by her son, Stephen (Darlene) Finch of New Castle, IN, a daughter Carol (Chris) Downard of Lafayette IN, and 5 grandchildren and 6 great-grandchildren.  She was preceded in death by her loving husband Donald in 1997, and her daughter Shelia Marie Finch in 1946.Marjorie was the Lord’s servant, and would never claim working outside of her home, but she was an organist for her church for over 30 years, filled in for her husband as a substitute school-bus driver, and served as greeter for Phillips and Meyers Funeral Home for many years.  Marjorie also supported Donald in operating their dairy and grain farming operation.  She served her church in many ways, including as president of the United Methodist Women (New Castle District).  She was a member of the Springfield United Methodist Church (UMC), Brookville UMC and St. Andrew UMC (West Lafayette IN).  She was an ardent reader, and completed countless volumes of crossword books, all while maintaining a vigorous practice of daily devotions and keeping a personal diary.Visitation will be at Phillips and Meyers Funeral Home, 1025 Franklin Ave. in Brookville IN on Sunday, July 28, 2019 from 3 PM to 6 PM.  Funeral services will be held at Phillips and Meyers on Monday, July 29 at 10 AM, with interment following at Springfield Cemetery in Franklin County IN.A memorial service for Marjorie’s friends in Northern Indiana will be held at St. Andrew United Methodist Church at 2:30 PM on Sunday, August 11, 2019.Memorial contributions may be directed to the United Methodist Committee on Relief.  The staff of Phillips & Meyers Funeral Home is honored to serve the Finch family, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.comlast_img read more

Zetlin: Time to build with more Clay

first_imgThere are some things in life I simply can’t understand: How was so much information put on the Internet in such a short amount of time? How was Bush re-elected for round two? Why did it take the Lions seven years to fire Matt Millen?Saturday, something was added to the list.While many of you were either yelling at your TV or were too awestruck to formulate words during the Badgers’ meltdown in Michigan four days ago, I was looking for J.C.No, not that J.C.; this had nothing to do with religion — though I was in college football’s holy place that seats nearly 110,000.I’m talking about a different J.C., the one from Racine who’s harder to bring down than a redwood with a butter knife: UW redshirt freshman John Clay.On third-and-one from the Wisconsin 49-yard line, with about six minutes left in the second quarter, quarterback Allan Evridge handed the ball off to Clay for his first carry of the game, a shifty cutback right for 46 yards. One play later, Clay cut back the other way and jogged into the end zone for the Badgers’ first touchdown (and productive offensive drive) of the game.Two carries, 51 yards and six points faster than you could say “P.J. who?”Minutes later, the home crowd booed the Wolverines, and then-No. 9 Wisconsin coasted into the locker room with a 19-0 lead.Then came the confusion, as Evridge continued to hand the ball off to P.J. Hill and Zach Brown to begin the second half. Where was No. 32?“He must be hurt,” I thought. “This makes no sense.”But then I spotted him, helmet on, front and center on the UW sideline.Clay finished the game with three carries for 52 yards and one touchdown. Get your calculators out: three minus two, 52 minus 51. That’s right: one carry for one yard in the second half, after averaging 25.5 yards per rush in the first.“What I ask our coaches to do all the time is put the players in the game that you feel gives us the best chance to win at every situation,” head coach Bret Bielema said Saturday after the biggest home comeback win in Michigan football history. “The players that were in there were the ones they [offensive coordinator Paul Chryst and run game coordinator Bob Bostad] felt did.”Um, would 26 yards a carry have convinced them? 27?“Coach Chryst and Coach Bostad had a game plan,” center John Moffitt told me after the game. “What they were trying to run, they were trying to run. I’m not trying to second-guess who’s in the game and who’s not.”Fine, I will.I understand that Hill is the feature back. With that I have no problem. My problem rests in the mid-game inflexibility of the UW coaching staff. When one player is that productive on two first-half carries, you give him the ball more than one more time, whether the game plan calls for a baker’s dozen worth of Hill off-tackle lefts and a handful of Brown draws on third and long or not.Kobe Bryant is always option No. 1 for the Lakers, but sometimes Sasha Vujacic can’t miss from deep, so Phil Jackson tells them to keep feeding the sharp-shooting Slovenian.What if Saturday was Clay’s day? What if it’s not a mirage and the kid’s as good as his 6.6 yards per rush on the season seems to be?We’ll never know because they didn’t give him a chance. Instead, Hill finished the game with 22 carries for an unimpressive 70 yards, and the Badgers’ defense was on the field longer than a 9:30 a.m. power lecture because the offense couldn’t move the chains.But coach had an answer.“The play that normal people don’t see is a play that John was in where the game was extremely tight, and he went the wrong direction,” Bielema explained Monday. “But as coaches, now you get in a situation where you know every play counts and you’re in the third and fourth quarter, and you know P.J. Hill has been there, done that and has done certain things, and you know he’s at least going to go the right way.”Fair enough, but two first-half carries for 51 yards isn’t good enough to test during a second-half first down drought? It was clear that Hill’s nine carries for 25 yards in the second half weren’t getting the job done. A third-and-one option to the left is a better alternative than sending Clay back out there for more than one more chance? Really?“I am a little bit (disappointed),” Clay said of his offensive ostracism Saturday. “But I know they have a plan, and I just listen to them.”Textbook Orwellian playerspeak from the rookie; I’d expect nothing less. But if he’s not going to say anything, who will?This isn’t about Saturday, blown leads, spilled milk or Michigan. The season isn’t over for this Wisconsin football team. No. 14 Ohio State and No. 6 Penn State are coming to town. Two wins, and the Badgers are right back in it.But if the UW offense is as inefficient as it was Saturday, expect nothing more than an 0-3 conference commencement.So I’ll say it: If Bielema and Co. are looking for more offensive output, the foundation needs to be reinforced with more Clay.Starting this Saturday.Derek is a junior majoring in economics. Would you like to see more carries for John Clay? E-mail Derek at dzetlin@badgerherald.com.last_img read more

Maltz returns to mix for balanced offense against Army

first_img Facebook Twitter Google+ Published on February 25, 2013 at 12:26 am Contact David: dbwilson@syr.edu | @DBWilson2 Albany found a way to take Derek Maltz out of the game. He was held almost completely in check in Syracuse’s season-opening loss to the Great Danes. It created opportunities for others, but it meant one of the worst statistical games for the attack since he entered the starting lineup.Once again, he was limited to just one goal in Syracuse’s 6-2 win over Army, but in the defensive showdown that the game became, it was a world of difference from his first game of the year.“Last week, they did a pretty good job of not sliding off me and I was just trying to move as much as possible and create opportunities for my teammates,” Maltz said. “But today, they were sliding off me a little bit.”It was a tactical difference between Great Danes head coach Scott Marr and the Black Knights’ Joe Alberici. Marr made sure Maltz wouldn’t beat his team and never had his defenders slide off the junior. Alberici played a straight-up approach, not treating Maltz any differently.It showed on Maltz’s second goal of the season. During an uncharacteristically up-tempo second quarter, SU attack Kevin Rice passed to Dylan Donahue on the right side of the crease. Army’s defense and goaltender Sam Somers slid to Donahue, leaving Maltz unmarked on the other side of the crease. Donahue fired a pass by Somers to the wide-open Maltz, who tossed the ball into the back of the net and gave SU a 4-1 lead.AdvertisementThis is placeholder textSyracuse’s six goals came from six different players. A week ago, the Orange leaned heavily on midfielder JoJo Marasco, who tallied eight points. Maltz scored just once against the Black Knights, but it was largely due to the game’s pace.“A lot of it had to do with the possession time we had, and them going to goal and making saves forces us to be a little more patient, and it was good,” SU head coach John Desko said. “The tempo helped us win the game.”Still, Maltz’s day could have ended better. He got off six shots, five on net, and all five were good opportunities. Were it not for a career-day for Somers, he would have scored even more on his point-blank opportunities.“There was a couple shots I should have had,” Maltz said, “but the goalie had a good game.”Late in Syracuse’s explosive second quarter, Matt Harris gathered a ground ball near midfield along the right sideline. The Orange offense went to work in an unsettled situation.Maltz found himself alone on the left side of the field, and fired a low shot past Somers. But a whistle had blown. Timeout SU. Maltz’s second goal of the day was waved off.“We could have gotten one more goal if the coach hadn’t called a timeout,” Desko joked, “but other than that, we did a pretty good job today.” Commentslast_img read more

USC finishes off road trip with a victory

first_imgIt’s one of the most cliché phrases in sports: Play one game at a time.But for the No. 2 USC men’s volleyball team (7-3, 5-2), tasked with a Friday night match against the No. 9 UC Santa Barbara Gauchos (4-7, 4-4), that simple mentality proved to make the difference as the team tried to regain its winning ways.“It’s very important to take each game one at a time because every time we play we have the potential to play better than the last,” junior outside hitter Tri Bourne said.On a road trip that saw the Trojans lose two heartbreaking five-set matches, it is only fitting the team hit its stride again with a five-set thriller. In a see-saw battle that saw neither team claim two straight sets, the Trojans relied on a complete team effort and late-game heroics to outlast the Gauchos (30-27, 22-30, 30-24,        26-30, 15-10).For much of the match, the Trojans were led by the typical contributions of sophomore outside hitter Tony Ciarelli and junior opposite Murphy Troy. Ciarelli paced the team with 18 kills, nine digs and three blocks, and Troy, the team’s co-captain, pitched in with 16 kills, seven blocks and five digs.Yet while the team got huge performances from two of its primary leaders, the Trojans snapped their two-game skid thanks in large part to a variety of players who stepped up against UCSB. Junior outside hitter Tri Bourne posted double-digits in kills and digs, with 13 and 15 respectively. Senior middle blocker Hunter Current keyed the team with seven crucial blocks and a team-high .417 hitting percentage. And Clay Knapp, who made his first career start at libero, was not afraid of the bright lights, as the sophomore delivered nine digs in a winning effort.“It was a lot of fun getting to start Friday night, and I’m happy that I’m now able to contribute in matches,” Knapp said. “But what makes our team good is that we have 20 players that compete like hell everyday in practice to push the starters to play better.”But in a match that can best be described as the ultimate team victory, USC coach Bill Ferguson and the Trojans still have their work cut out for them going forward. Although the team capitalized on Gaucho errors in the first (30-27) and third (30-24) sets, the Trojans were not highly efficient at the offensive end, hitting .209 on the night with no aces.“Errors and lack of focus have certainly been a concern, but, while many teams seem to be peaking this early in the season, we still have a long way to go until we reach our full potential,” Current said.While the team flourished in the fifth set (15-10) after taking an early 7-3 lead, playing three straight grueling five-set matches tends to take a toll on players through the grind of a long season. USC, however, contends that its training has fully prepared it for the longevity of a full season.“Despite having a few five game matches that would seemingly take a  toll on our physical health, our training has prepared us for those kind of games,” Current said.If the fatigue of a demanding start to the season begins to wear on the team, the road-weary Trojans will at least have this to look forward to: seven straight home matches. While the Galen Center may seem more foreign at this point than the long, monotonous bus trips the team has become accustomed to this season, a little home cooking shouldn’t harm a team looking to make its mark in the Mountain Pacific Sports Federation.The Trojans did not drop a single set in two home matches this season and look to continue this trend and their “one match at a time” philosophy when they take on the No. 10 Pepperdine Waves at 7 p.m. on Friday night. The Waves, who beat the Trojans on Jan. 29, are coming off their biggest victory of the season — an upset of the No. 1 California State University Northridge Matadors.“We are all looking forward to coming back to the Galen Center and playing in front of our fans,” Bourne said. “After being under the pressure of playing in front of the other team’s fans for most of the season, we’re ready to pay them back and show them what we got at home.”last_img read more

Jamaica to establish Procurement Commission

first_imgJamaica’s Finance Minister Dr. Nigel Clarke says a Procurement Commission is to be established by the end of 2018.Clarke who made the announcement while addressing an investor forum briefing here last week said the Commission will oversee the government procurement process.  The existing regime is being revamped, consequent on amendments to the Procurement Act, which was passed in Parliament recently.The Finance Minister said the accompanying regulations will shortly be tabled and debated in the Houses of Parliament, thereby paving the way for the Commission’s establishment.This, he added, will facilitate work on other measures that “we need to take to put the Procurement Commission in place.”These will include recruiting suitable staff and undertaking the requisite training. Clarke emphasized the overall process “will usher in a new regime that will benefit many companies.”Among the benefits, are measures that will facilitate greater participation by small and medium-sized Jamaican manufacturers in the public procurement process.“So, when a procurement happens for a particular government product or service, there will be the opportunity to have differential treatment for small and medium-sized businesses that will make them more competitive in that procurement environment,” he said.last_img read more

Stephen Harris of bettingexpert lands three winners at Ludlow

first_img Betfred counters Oppenheimer bid in race to rescue Phumelela August 26, 2020 Betfred extends World Snooker Championship deal until 2022 August 17, 2020 Related Articles bettingexpert, Timeform and a rotation of guests will be providing expert tips for a specific Wednesday race meet.We will keep record of points won each week and the number of race wins for each.The guests will compete individually, with their points going up against the average totals for bettingexpert and Timeform.The new tips will be published on Wednesday ahead of the race meet, and the results will be available on Thursday.For the competition, we will assume that all selections are backed with 1 point.Lost tips will count as 0 and won bets will be added to the leaderboard at SP value.For example, if bettingexpert backs a winning horse at 8/1, they will get 8 points. Share RankTipsterRace WinsPoints StumbleUponcenter_img Submit Stephen Harris from bettingexpert recorded an impressive 10.38 points in the Tipster Challenge at Ludlow, after correctly predicting race wins for Kilcrea Vale, Colins Brother and Fox Appeal.Harris drastically improved his weekly average to 2.47, but still dropped a place behind this week’s guest from Betfred. TV Broadcaster Matthew Hulmes managed a pair of victories and 3.25 points.Hulmes entered in ninth place on the Tipster Challenge table, two places behind another of our regular tipsters. Timeform returned 4.38 points from the winning pair of Tara View and Top Ville Ben.Race Winners at Ludlow:River Wylde – 3/1Kilcrea Vale – 15/8Colins Brother – 9/2Tara View – 3/1Fox Appeal – 4/1Goal – 7/1Top Ville Ben – 11/8Tipster Challenge 2016/17 Leaderboard Betfred boosts US racing coverage with XB Net deal renewal August 10, 2020 1Alan Alger – Betway311.41 2Phillip Anderson – Before The Off36.17 3Ciaran O’Brien – William Hill35.29 4John Hill – Coral24.25 5Michael Shinners – Sky Bet24.00 6Stuart Tilly – Argyll Entertainment14.00 7Timeform2.083.86 8Trevor Keane – Sportego23.50 9Matthew Hulmes – Betfred23.25 10bettingexpert1.162.47 11Charlie McCann – BetVictor11.75 12John Cruces – Dafabet11.25 13Michael Whittle – Team FA10.91 14Ed Nicholson – Unibet10.73 Sharelast_img read more

Betway Talent Search 2019 dates announced

first_imgBetway Ghana has opened applications for teams across the country to apply to participate in its annual Betway Talent Search.This year’s event takes a new shape as eight (8) teams with players aged eighteen (18) and above from the division two or lower leagues in Ghana have the opportunity to showcase their skills to selected coaches and scouts from Ghana and across the world.Two teams from each zone will be selected after a zonal tournament to participate in the national games, which will be witnessed by top football officials and coaches.Participating teams in the Northern Zone will originate from the Northern, Savanna, North East, Upper East, Upper West, Bono East, Brong Ahafo, Ahafo and Ashanti Regions whilst the Southern Zone will comprise of teams from the Eastern, Greater Accra, Volta, Oti, Central, Western North and Western Regions.The northern tryouts, which have been scheduled for 20 July 2019, will be held at the Opoku Ware School Park in Kumasi. The southern tryouts follow the next weekend on 27 July 2019 at the Winneba United Stadium.On 3 August 2019, the University of Ghana Stadium in Accra will host the National games which will have the four top teams from the tryouts squaring it off.Players from participating teams will have an opportunity to showcase their skills and talents to top scouts, coaches and representatives of clubs present at the various locations.A prize kitty of GHC 79,000 will be shared amongst teams that excel during the tournament with the winner walking away with GHC 25,000 at the final event.This year’s event will include a Thought Leadership Session where industry experts will help equip community teams on different facets of the game. The Thought Leadership Sessions will be held on 19 and 26 July 2019 at the Miklin Hotel (Kumasi) and Windy Bay Hotel (Winneba) respectively. The Betway Talent Search Team will also at each zone make donations of sports kits and equipment to selected teams which highly require support.Betway Ghana brand ambassador, Stephen Appiah will lead a formidable coaching team made up of former professional players and coaches from Ghana and South Africa.The Betway Talent Search, which has been running for three conservative years, has offered young unsigned players opportunities to earn professional contracts with clubs in Ghana.About the Betway GroupThe Betway Group is a leading provider of first-class entertainment across sports betting, casino, bingo and poker. Launched in 2006, the company operates across a number of regulated online markets and holds licenses in the UK, Malta, Italy, Denmark, Spain, Belgium, Germany, Kenya, Uganda, Ghana, South Africa and Nigeria. Based in Malta and Guernsey, with support from London, Isle of Man, Stockholm and Cape Town, the Betway team comprises over 1,000 people. Betway is also the official principal sponsor of Premier League football club West Ham United, the UK Premier League Darts and the UK Snooker Championships. For more information about Betway’s various products and licensed brands, please visit www.betwaygroup.com.last_img read more

NBA Draft: Does the lottery need to be reformed?

first_img“We have to do something to stop the incentive for teams to tank,” said one NBA owner, who requested anonymity because of the sensitive nature of the issue. “You shouldn’t be rewarded for stripping your team down.”The sentiment does not seem as varied as the 1,001 possible four-ball combinations. Yet, a consensus has not emerged. The NBA reported a majority of teams voted in favor of lottery reform during a Board of Governors meeting in the fall of 2014. Nothing passed, though, since the league needed a so-called “super majority” of at least 23 out of 30 NBA teams. According to league sources, some concern centered on whether any tweaks would give large market teams an advantage over small ones. Kiki Vandeweghe, the NBA’s senior vice president of basketball operations added, “I don’t think I see anything imminent” on revisiting the issue. Instead, the NBA expressed hope other forces would erase any need for lottery reform, including the league’s nine-year $24-billion national television deal and increased salary cap from about $70 to $90 million.“There are going to be enormous unintentional consequences from that,” NBA commissioner Adam Silver said. “Talking to GMs and others around the league, we all decided to take a step back and say, ‘Of course the lottery is one way to build the team. But free agency is another way to build a team. Trades are a third way,’ Let’s look at the system holistically after this summer to see how it’s operating and then take a fresh look at the lottery again.” Gaming the system?Some took a fresh look at the NBA lottery system in recent seasons because of how the Philadelphia 76ers constructed their roster.The Sixers could have as many as 16 draft picks in the next five years, while fielding a team that went a combined 47-195 in the previous three seasons. Last month, Sam Hinkie resigned as the Sixers’ general manager and president of basketball operations amid mounting criticism on his approach. “Everybody has rigged the system. It wasn’t new what Philadelphia was doing,” said one Eastern Conference general manager. “It’s just that Sam was so brazen about how he went about it. He acted like he reinvented the wheel.”Some conceded that executives have constructed poor rosters to minimize the team’s chances to succeed. One general manager admitted his team sat star players late in the season in recent years, citing injuries, once a playoff seed no longer became reachable. After all, the NBA’s worst team currently has a 25 percent chance of landing top pick. The 14th-worst team only has a .3 percent chance.Yet, others pointed out how the Boston Celtics collected 15 draft picks through the next four years through trades while still staying competitive. Silver credited Golden State for quickly becoming a championship contender through smart draft picks, including second-round prospect Draymond Green turning into an All-Star. Others believe Hinkie’s resignation will assuage any concerns about teams manipulating the draft lottery system. “There’s so many different factors that go into building a team. It’s important you design a system where good management is rewarded,” Vandeweghe said. “You work hard and are smart about it and you’re rewarded for that. That’s what we want and that’s what we’re seeing.”Various proposalsWith Vandeweghe arguing “the lottery is not supposed to incentivize losing,” both the NBA and other teams have proposed various tweaks to ensure that ideal. Vandeweghe confirmed the NBA pitched various proposals, including a weighted system that would even out the odds among the 14 worst teams in landing a top pick. “It would incentivize teams to compete harder at the end of the year when they’re out of the playoffs,” Phoenix Suns general manager Ryan McDonough said. “Teams would say it’s not as much of a difference anymore to win two more games. They’re then playing hard, playing their normal rotation and having guys play through injuries.”Other front office executives worried that proposal would make it harder for struggling teams to accelerate their rebuilding. Instead, some favored what Knicks director of player personnel Mark Warkentien once pitched. According to league sources, Warkentien proposed a playoff bracket among struggling teams in hopes to nab the final playoff seed, an idea that could eliminate any temptation to punt on the season before it officially ends. Others embraced the “wheel” concept that originated from Mike Zarren, the Boston Celtics assistant general manager and team counsel. In a system that would either last five or 10 years, the wheel would assign picks to teams beforehand. For example, one team could start out with a draft pick between one and six before having a pick slotted 25 through 30 in year two. In the 10-year plan, the team would start out with a pick between one and three before having a pick 28-30 in year two. This order could ensure both predictability and balance in the draft order selection.“You still allow for teams to get good draft picks with some frequency. But at the same time, you divorce the picks from those teams’ records,” Zarren said. “Nobody could ever accuse a team or no fans would ever want their team to be worse so they would get a better draft pick.”Concerns persisted with that proposal, too. Would future college prospects manipulate their NBA eligibility so they could align with a team a certain year that will have a high draft pick?Similar questions emerged amid a proposal Dallas Mavericks owner Mark Cuban admitted has “zero chance” of becoming a reality. “All draft eligibles are free agents,” Cuban wrote in an e-mail. “They can sign with whatever team they want. However, the amount of dollars slotted for that team would be allocated proportionately by record. Worst record gets the most dollars to spend on a rookie. Best record the least.”Other NBA executives believed that could heighten issues between big and small-market teams. Some added that change would give prospects and agents more leverage in ensuring where they get drafted. Such a move would also likely have to be agreed upon in a collective bargaining agreement. The next stepThrough all these varying proposals, clarity seems lacking on what could happen next. A consensus seems unclear on how much concern teams have about the lottery system itself. And yet …“We encourage ideas, especially from our teams,” Vandeweghe said. “Most of the really good ideas with rule changes on the court or any place else originate with our teams.”For now, though, various teams will watch nervously once again to see if the ping-pong balls bounce their way.Quote box: “We have to do something to stop the incentive for teams to tank,” said one NBA owner CHICAGO >> Ping-pong balls will soon bounce around a machine. How those balls pop out could determine a franchise’s success or failure through multiple seasons.When the NBA hosts the draft lottery on Tuesday in New York, officials with the Lakers and 13 other teams will wait anxiously in a private room before hearing four-number combinations to determine the draft order. The Lakers have a 19.9 percent chance of landing the No. 1 pick and a 55.8 percent likelihood of staying in the top three. Otherwise, the Lakers owe their pick to Philadelphia as part of the Steve Nash trade. That scenario could hinder their quest to clean the residue stemmed from finishing the past two years with their worst record in franchise history.Whether the Lakers feel elation or sorrow nearly 48 hours from now, various NBA front offices sounded mixed on two issues. Does the current NBA draft lottery system hand out consolation prizes for poor records? Or does the system simply help rebuilding teams to ensure league parity? Does an NBA team’s draft fortune rely on a ping-pong ball bouncing its way? Or have those franchises set their respective teams up for failure to maximize their odds at a coveted draft pick?center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more