HoopsHype Owners rumors

October 29, 2014 Updates

Despite ominous statements from prominent players like LeBron James and Kobe Bryant about how the NBA's new TV deal will affect collective bargaining, former commissioner David Stern said Wednesday night he believes the league will avoid a work stoppage in 2017. "I think that our players are very smart and successful and they have hired what seems to be a smart and successful litigator," Stern told CBSSports.com. "Our owners are smart and successful and have got Adam Silver, an accomplished litigator, too. And I have no doubt that they're going to work it out." CBSSports.com

October 28, 2014 Updates
October 27, 2014 Updates

As everyone in the NBA waits to see how much the Atlanta Hawks will sell for --with some suggesting the number could go as high at $1 billion-- Sports Business Journal reports on how the Nets negotiations with YES could be a factor, perhaps a big, factor in the Nets valuations. Daniel Kaplan reports... Part of the value of the Nets is that club’s ability to soon renegotiate its RSN (regional sports network) deal with YES Network. The Sacramento Kings, for example, secured an extension earlier this year with NBC Sports Group worth an average of $35 million a year over the next two decades, a lucrative sum for a team that plays in the country’s 20th-biggest designated market area. The Nets are currently at $25 million a year playing in the nation’s No. 1 market. NetsDaily

October 26, 2014 Updates

They fashion themselves merely as a couple of local fans — Grousbeck with ties to Worcester, Pagliuca to Framingham — who one day in 2002 decided they’d like to spruce up one of our city’s legacy franchises and run it as, well, a couple of local fans, their highly successful financial careers and “Shark Tank”-like deal-making personas ostensibly stuffed in their equipment bags for safekeeping. They are having such fun being fan/owners, they stressed during an hourlong interview at a downtown hotel recently, they have little intention to change much, despite receiving, according to Grousbeck, “two serious offers’’ to sell in the last two weeks. Boston Globe

All at a time when the price of sports franchises and related properties continue to skyrocket. Exhibit A: the $2 billion Steve Ballmer recently paid to relieve the foul-mouthed Donald Sterling of the Los Angeles Clippers. “I sent a text message to Steve Ballmer about a month ago,’’ said Grousbeck, who is also the Celtics’ day-to-day chief executive officer. “And I said, ‘You know, when we bought the Celtics in ’02, we set a record price. Now you’ve taken the record . . . but you did it with some real style!’ ’’ Ballmer’s response? “He wrote back a smiley face,’’ said Grousbeck, laughing with what might be interpreted as fan-like joy. As for the two recent offers to sell, an adamant and more solemn Grousbeck insisted the club is not for sale. He also would not say whether the offers included a dollar amount. “They might, but I don’t want to discuss it,’’ he said. “With all respect . . . sorry.’’ Boston Globe

October 23, 2014 Updates

Billionaire Trail Blazers owner Paul Allen announced Thursday he was pledging at least $100 million to fight Ebola. The gift is believed to be the largest private donation to combat the deadly disease and support health care workers in West Africa. The gift from the co-founder of Microsoft includes an estimated $26.5 million already donated to organizations such as the American Red Cross, to pay for equipment, volunteers and educational materials, and the Centers for Disease Control Foundation, to establish emergency operations centers in Guinea, Liberia and Sierra Leone, the nations at the epicenter of the epidemic. Oregonian

Stan Van Gundy took a question about the Detroit Pistons' vote on NBA draft lottery reform and turned it into a compelling lobby against maximum individual salaries for NBA players, which he deemed anti-competitive for elite players and teams alike. "They don't say to Bruce Springsteen, 'You can only get 25 percent of the proceeds and 75 percent's got to go to the E Street Band.' I mean, that's not the way it works," Van Gundy said Wednesday. Booth Newspapers

"If it were more of a free-market system, I think things would change," Van Gundy said. "I think you'd see greater parity in the league -- especially having the (salary) cap and no individual max." Booth Newspapers

October 22, 2014 Updates

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