HoopsHype Owners rumors

January 28, 2015 Updates

Arash Markazi: Barnes said he was talking to 13-year old boy and his dad and a couple of hecklers but it didn't get heated until Sarver got involved. Barnes on Sarver: "We don’t like each other. He didn’t like me when I was there and I didn’t like him when I was there so it is what it is. If you’re going to say something like that to me, expect me to respond but don’t go run and tell when I do go say something. You can ask him what he said. He said enough to make me respond. We don’t like each other. I’m going to get a summer job at my kid’s school working as a yard dude. When you pay the money to get that close to us who doesn't want to say that I talked to Matt or I talked to Chris during the game. Twitter @ArashMarkazi

January 27, 2015 Updates

Matt Barnes: Another 25k! The part of the story the nba hasn't told you was my language wasnt directed at a fan, I was talkn to the owner of the Suns.... Who was sitting on the baseline & I only said something to him AFTER he cussed at me, BUT because I didn't SNITCH I get fined!! #thecode You can take my money, I care about winning!! I've been fined 50k in the last mnth for kicking a "PAPER"Gatorade cup that had alil bit of water in it that didn't even hit anyone &.... Responding to an OWNER who cussed at me first.. 50,000 dollars for that?? Come on now! I might need to find a second job with all these crazy tecs & fines. I Can see it now LA TIMES.. "Costco worker by day nba player by night" Twitter @Matt_Barnes22

January 25, 2015 Updates

When asked about Forbes’ valuation of his franchise, a not-too-shabby $1.15 billion, Dallas Mavericks owner Mark Cuban was not impressed. “I’d say off by about 150 percent,” Cuban said. “Yeah, but it’s not for sale so it doesn’t matter. People have got to realize that those valuations are meaningless. Absolutely meaningless. They have about as much impact on business than Deflategate has on the NFL. Something to talk about, but no substance.” Dallas Morning News

January 22, 2015 Updates

The shocking struggle for control of the New Orleans Saints and Pelicans escalated Thursday (Jan. 23) as family members associated with Rita Benson LeBlanc filed a lawsuit claiming that the teams' owner and family patriarch Tom Benson is incompetent and is being directed by a manipulative wife and her allies at the highest level of the sports empire. The suit was filed one day after Tom Benson unexpectedly announced plans to transfer future ownership of the clubs to wife, Gayle, cutting off his daughter, Renee LeBlanc, and his two grandchildren, Ryan LeBlanc and Rita Benson LeBlanc, who until recently had been designated as the heir apparent. New Orleans Times-Picayune

The lawsuit seeking to block the succession change was filed in Orleans Parish Civil District Court at mid-day Thursday and assigned to Judge Kern Reese. It presents numerous claims that Benson is mentally and physically unfit to manage his personal or business affairs. Renee, Rita and Ryan LeBlanc, are named as petitioners in the suit, which claims the 87-year-old Benson's declining health is much worse than publicly known and has rendered him unfit to manage his personal affairs or the business of the New Orleans Saints and New Orleans Pelicans. The suit attempts to paint Gayle Benson, 67, as a gold-digging opportunist who has taken advantage of her husband's unfit state of health and ostracized family members in grasping for power and riches. New Orleans Times-Picayune

The Los Angeles Lakers unseated the New York Knicks as the NBA's most valuable team, worth $2.6 billion, according to a Forbes poll released on Wednesday that showed the average team value rose 74 percent from last year. The average NBA team's value rose to $1.1 billion from $634 million last year, a jump Forbes said was driven primarily by the NBA signing expanded national media deals with broadcast partners Walt Disney Co and Time Warner Inc. Reuters

Forbes just released the results of its study of the top fan bases in the NBA, and the number one spot is indeed taking its talents to South Beach. The business-oriented publication used “five measurable fan engagement criteria,” which were as follows: Washington Post

January 21, 2015 Updates

There are now 11 NBA teams worth at least $1 billion, by our count, compared to three a year ago. The Los Angeles Lakers lead the way at $2.6 billion, up 93% over last year. The Lakers finished with their second worst record in franchise history at 27-55 last season and are faring even worse this year, but the team has the richest local TV deal in the sport: a 20-year, $4 billion contract with Time Warner that kicked off in 2012. Ratings on SportsNet LA were off 54% last year, but the team still pocketed $125 million for the season from Time Warner. The team’s operating income (earnings before interest, taxes, depreciation and amortization) was an NBA-record $104 million in a year when Kobe Bryant missed all but six games. The haul would have been even greater, but the Lakers were forced to contribute $50 million to the NBA’s revenue-sharing pool last season. The Lakers had the NBA’s highest revenue at $293 million, net of revenue sharing. Forbes.com

The value of the New York Knicks shot up 79% to $2.5 billion, ranking the team second overall (the Knicks edged out the Lakers last year). Ratings for Knicks games on MSG fell 29% as the team stumbled to a 37-45 record, but the team still drew the biggest TV audience in the NBA at 163,000 viewers per game on average. The Knicks’ income fell 45% last season after missing the playoffs and incurring a $36 million luxury tax bill. Rounding out the top five are the Chicago Bulls ($2 billion), Boston Celtics ($1.7 billion) and Los Angeles Clippers ($1.6 billion). Forbes.com

The average NBA team is now worth $1.1 billion, 74% more than last year. It is the biggest one-year gain since Forbes began valuing teams in the four major U.S. sports leagues in 1998. Forbes.com

January 13, 2015 Updates

The feeling in the NBA is Prokhorov will ultimately unload his entire 80 percent of the Nets, despite the denials. But there won’t be much movement until the sale of the Hawks, who are at the stage of touring potential buyers for a 100 percent sale. Further predictions on Prokhorov’s timeline require cracking the mysteries of an unavailable owner. New York Daily News

There are certainly reasons Prokhorov would want to sell the Nets, aside from not having the time to enjoy them. According to Ukranian-born Marlen Kruzhkov, a New York-based attorney and advisor to Russian oligarchs, it is “well-known that Prokhorov has a large chunk of Western debt due in the near future.” There were also estimations, according to Kruzkhov, that the global economic drop of December prompted Prokhorov to lose $400 million in just one day. New York Daily News

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