Bryan Colangelo has admitted to tanking. The former Toronto Raptors general manager spoke to the MIT Sports Analytics Conference in Toronto on Friday where he said that he intended for the Raptors to finish as close to the Eastern Conference basement as possible in the lockout shortened 2011-12 season in hope of winning the NBA Draft lottery. "Admittedly, I will say, I tried to tank a couple years ago," said Colangelo to the conference. "And I didnt come out and say, Coach (Dwane Casey), youve got to lose games. I never said that. I wanted to have him establish a winning tradition and a culture and all of that, but I wanted to do it in the framework of playing and developing young players, and with that comes losing. Theres just no way to avoid that, but I never once said, Youve got to lose this game." The Raptors finished the 2011-12 season 23-43, good for 11th in the Eastern Conference, 12 games behind the Philadelphia 76ers for the final playoff spot in the East, and the eighth-worst record in the NBA. The team neither rose, nor fell in the lottery, receiving the eighth-overall pick in the 2012 draft where they selected Terrence Ross out of the University of Washington. The 2007 NBA Executive of the Year (with the Phoenix Suns) was speaking on a proposal currently in front of the NBA Board of Governors which would see the draft lottery and any incentive to bottom out eliminated. Colangelo was relieved of his general manager position last May in favour of Masai Ujiri and eventually resigned his post as Raptors president the following month. Tampa Bay Buccaneers Jamel Dean Jersey . -- LeGarrette Blount made one last big splash into a soggy end zone. Cheap Tampa Bay Buccaneers Gear . Vincent Lamar Carter is no longer the lean, athletic dynamo who dazzled Raptors fans with eye-popping dunks that posterized even the leagues best defenders. http://www.cheapbuccaneers.com/183x-cheap-mike-edwards-jersey-buccaneers.html . -- When Steve Blake checked in at the scorers table with 5:25 remaining in the third quarter, Stephen Curry shook his head and shouted across the court, asking Golden State Warriors coach Mark Jackson not to take him out. Stitched Tampa Bay Buccaneers Jerseys . The Bruins forward has been fined $5,000 by the National Hockey League for spearing Red Wings defenceman Danny DeKeyser in the groin. Tampa Bay Buccaneers Devin White Jersey . Tristan Jackson returned a missed field goal 129 yards early in the fourth quarter as the Roughriders beat the B.C.In a shocking upset that stunned the planet and parts of the galaxy, Mercer beat Duke 78-71. After the loss, White refused to make good on the bet, instead offering Hoyt tickets to a Bears game. Cue the social backlash. So heres the question: did White and Hoyt have a binding contract that requires White to pay up? In order to have a binding contract, you need to have a three things: an offer, an acceptance and something called consideration. Its not crazy to say that the first 2 elements are met here. White made an offer, and Hoyt accepted the offer when he can excitedly tweeted "Ill take that offer!". So far so good for Hoyt. On to the third element of consideration. Consideration is an essential element for the formation of a contract. In order to have it, each side has to promise or provide something of value to the other. You give me something and I give you something. Without this exchange, there is no contract. For example, if you express an interest in my banjo and I agree to sell it to you for $50,000, we have the consideration we need to say we have a contract. Im getting $50K and youre getting an awesome instrument that brings people together. This is where things fall apart for Hoyt. This deal didnt have the requisite consideration. The valuee only flowed in one direction – to Hoyt.dddddddddddd. There was no value going the other way to White. The deal was one-sided. That means we dont have a binding contract. You might be able to argue consideration if White had tweeted out that if you follow him and Duke loses, he will give away season tickets. In this case, it could be said that White is getting value because when people follow him, his brand becomes more valuable which in turn can translate into sponsor dollars and marketing opportunities. Theres also another problem for Hoyt. Before you can say there is a legally binding contract, you have to show that both sides intended on entering into the contract in the first place. That would be tough to show here. Ultimately, White would say he was just joking. He doesnt know Hoyt and the tickets he offered arent even available. This all went down in the informal environment that is Twitter. A contract was never contemplated. So all this means that there is no binding contract between White and Hoyt, and as a result, Hoyt cant force White to cough up the season tickets. That being said, the next question to answer is whether White should provide Hoyt with season tickets. And thats something I suspect everyone has an opinion on including my banjo teacher. 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