HoopsHype Owners rumors

April 23, 2014 Updates

Saying they reaffirm the team's commitment to the city, the Miami Heat announced Wednesday night that they have agreed to extend their partnership with Miami-Dade County another 10 years through 2040. The deal is still subject to approval by the county's commissioners, with a vote possible on May 6. USA Today Sports

Heat managing partner Micky Arison, whose team plays in the county-owned AmericanAirlines Arena in downtown Miami, said the team struck the deal with Mayor Carlos Gimenez and that the pact includes an inflation-adjusted operating subsidy of $147 million from the county's Convention Development Tax fund, money he said will be reinvested into the building. "By any measure, the partnership between the Miami Heat and Miami-Dade County has been a hugely successful one," Arison wrote in a statement released by the team shortly before Game 2 of its Eastern Conference first-round series against the Charlotte Bobcats got underway. "Today, we are committing to keep that success going." USA Today Sports

The team also says the deal provides "cost certainty for the franchise, a necessity in this age of punitive NBA luxury taxes." Arison said that will help the team plan future basketball spending. The tentative deal also calls for the Heat to make an annual payment to the county, earmarked for what Arison called "perpetually underfunded" parks and recreation activities for residents. USA Today Sports

April 22, 2014 Updates

Coon notes that under the current CBA, players are guaranteed 50 percent of the league’s forecasted BRI and 60.5 percent of the difference between forecasted revenue and actual revenue, meaning players are set to receive a total of $2.384 billion next season. Given the favorable terms awarded to owners in the 2011 CBA and the improved financial health of the league and its teams, Coon predicts NBA players will activate their opt-out clause in 2017 from the CBA and re-negotiate to get a larger piece of the league’s revenue. A lock-out would result: I expect the players to opt-out in 2017, and for the league to impose a lockout on July 1, 2017 (because they can’t do business without an agreement in place), However, negotiations will be quick and smooth (similar to 2005), and there will be a new CBA in place in time for the 2017-18 season to begin on time. The Fields of Green

With the salary and luxury cap bars moving up an estimated $5 million next season, teams across the league will have added space to bid for big free-agent names such as Carmelo Anthony and Luol Deng. This will be a small boost to teams who have the funds to throw big-money contracts at players but perhaps did not have adequate space under the cap. Five million is not a large increase in space, but it is not insignificant. If the trend continues with BRI increasing at a 7.7 percent annual rate and team balance sheets becoming healthier, the salary cap would conceivably increase year after year and give large-market teams more room to spend, ironically a development the 2011 CBA intended to curb. The Fields of Green

The Golden State Warriors have agreed to terms to buy 12 acres of land in San Francisco's Mission Bay neighborhood to build a new arena. The Warriors announced Tuesday that they would buy the land from salesforce.com. The team was originally hoping to build a new arena on San Francisco's waterfront but those plans faced opposition from critics concerned about traffic, environmental issues and blocked views of the Bay Bridge. The proposed arena will hold about 18,000 seats and the Warriors say it will be privately financed on private land near the San Francisco Giants' ballpark. USA Today Sports

Golden State is targeting the 2018-19 season to open the arena. The team first arrived in San Francisco in 1960 and played its first 11 seasons there before moving to Oakland. USA Today Sports

April 21, 2014 Updates
April 20, 2014 Updates

The NBA has informed teams that it is projecting a rise in the salary cap of nearly $5 million for next season, which could aid clubs such as Chicago and Houston in their attempts to steal free agent-to-be Carmelo Anthony from the New York Knicks, according to sources familiar with the forecasts. ESPN.com

April 19, 2014 Updates
April 18, 2014 Updates

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