Ted Leonsis on the Washington Wizards New Direction


Last year the Washington Wizards went 26-56 and were the only team in the NBA’s Southeast Division not to make the playoffs. Wisely, they blew up their roster this past season. And truly begin the re-building process this fall. The Wizards are starting over with a new Owner (internet pioneer and Capitals owner Ted Leonsis) and franchise player at the point guard position (NBA Draft #1 overall pick John Wall).

Leonsis, whose net worth is in the billions, was gracious enough to take time out of his very busy day to answer my questions about where the Wizards are going.

I first asked Leonsis about John Wall’s supporting cast, and if the other pieces around him will aid his transition into the NBA (similar to what Chicago did with their fanchise, #1 overall pick point guard Derrick Rose).

“I think that great next generation point guards are very rare, and difficult to find,” Leonsis said.

By Paul M. Banks

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Ted Leonsis taking Washington Wizards in a new Direction


Ted Leonsis is the majority owner, chairman and CEO of Monumental Sports & Entertainment, a group that on June 9, 2010 became owners of the NBA’s Washington Wizards, NHL‘s Washington Capitals, WNBA’s Washington Mystics, the Verizon Center and the Baltimore-Washington Ticketmaster franchise.

Leonsis, a former vice-chairman at AOL and an internet marketing pioneer, also serves as chairman of SnagFilms, Clearspring Technologies, and Revolution Money. However, his most unique attribute is likely his “scorecard” of personal and professional life goals. He drew up the 101 item list at age 25 after surviving an airplane flight that nearly crashed. Since that day in 1983 he’s checked off 74 of those 101 items. (See the list here).

By Paul M. Banks

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