Contrary to reports, Jeanie Buss says the money from the Time Warner deal is set, guaranteed regardless of ratings. The stakes, and consequences, however, are still high. “The team is obviously not doing as well this year — injuries and whatnot. Knock on wood, so far the effect [on business] hasn’t been horrible,” says Lakers COO/senior VP of business operations Tim Harris. “You look at the key indicators: OK, how are the ratings? The ratings are a little down.12 They are down relative to the Lakers, but they are still strong relative to an NBA team. Sponsorship interest is up. That’s good. The big indicator is tickets, and so far we are holding our own. Yeah, there are some soft nights every now and again, but by and large the interest is maintained. Now, if the team stays exactly where they are now, and you and I are having this conversation in another year, am I gonna say the same thing? I don’t know.”
August 24, 2016 | 11:36 am EDT Update
Marc Stein: The Wolves have signed Toure Murry and John Lucas III to bring them to camp and give both guards a shot at a roster spot, league sources say
August 24, 2016 | 10:48 am EDT Update
The Cavaliers guaranteed $1 million to No. 54 pick Kay Felder, and No. 52 pick Joel Bolomboy – just signed by the Jazz – will get even more. Bolomboy’s $600,000 salary this season is fully guaranteed, and $452,625 of his salary next season is guaranteed, according to Basketball Insiders. That’s a grand total of $1,052,625 guaranteed on a three-year contract.
This likely wraps up any preseason competition in Utah for a regular-season roster spot. Bolomboy becomes the 15th Jazz player with a guaranteed 2016-17 salary, so he’ll almost certainly stick beyond the preseason – another plus of this contract. This gives him security as he tries to develop into a player worthy of a second – presumably higher-paying – NBA contract.