HoopsHype Owners rumors

August 3, 2014 Updates
July 31, 2014 Updates

Despite Rose confirming to the Sun-Times that there has been growing tension, Bulls chairman Jerry Reinsdorf issued a strongly worded statement Thursday night disputing the idea of any problems. "I am confounded by the irresponsible report in the Chicago Sun-Times suggesting there is anything approaching discord or confusion between the Bulls executive office, coaching staff, and Derrick Rose or any other Bulls player. To the contrary, I can remember no time when the organization has been any more focused, optimistic, and cohesive. I've got to assume suggestions otherwise are intended to undermine the goals and objectives, spirit, and reputation of the Chicago Bulls. I am deeply disappointed that unnamed sources and totally inaccurate statements and assumptions can be used to foment nonexistent friction. The report is totally without basis or fact. It is pure malicious fiction." Chicago Sun-Times

July 25, 2014 Updates

Los Angeles Clippers point guard Chris Paul told ESPN.com that it's "unacceptable" if Donald Sterling is still the owner of the team when the season begins. Paul also said he has spoken to coach Doc Rivers about the possibility of sitting out if Sterling remains in control when the seasons starts in a little more than two months. "That's something me and Doc are both talking about," Paul said Thursday after coaching his AAU program, CP3. "Something has to happen, and something needs to happen soon -- sooner rather than later." ESPN.com

Interim Clippers CEO Dick Parsons testified earlier in the week in state court that Rivers told him on multiple occasions that he doesn't think he wants to continue coaching the team if Sterling remains in control of the franchise. "We're all going to talk about it," Paul said. "We're all definitely going to talk about it. Doc, Blake [Griffin], DJ [DeAndre Jordan]. It's unacceptable." ESPN.com

July 24, 2014 Updates

Drafts of the Los Angeles Clippers' sale bid book show exactly how much Steve Ballmer is willing to overpay for the team. The bid book was entered as an exhibit by Shelly Sterling's lawyers in a trial in California probate court to determine whether she should have the right to sell the team without her husband, Donald. ESPN.com

The book, called "Project Claret" so as not to give away on the cover sheet that these numbers are indeed the financials of the Clippers, reveals that the team is projected to finish the year with $62.3 million in revenues from ticket sales, $25.8 million from its local cable contract and $24.1 million in additional team revenue. The Clippers are also projected to receive $52.7 million on the season in shared national league revenue, according to the document. After taking away player payroll costs, total operating revenue for the 2013-14 season is projected to be $100 million. Valuation multiples are usually based on total revenues, so the $164.9 million before player costs are extracted equals more than 12 times less than the $2 billion sale price. ESPN.com

His name is J. Bruce Miller. He is said to be a longtime personal friend of David Stern's and has been trying for years to bring a revival of the ABA's Kentucky Colonels to the City of Louisville. (...) Miller: "As I've repeatedly said, ONCE the League gets control of the Sterling situation either by Sterling losing and the sale carrying forth OR by Sterling winning and the League (itself) moving forward as per Silver "...with our own proceedings." --- then the time will come to focus on the television rights negotiation which will also involve the potential expansion to Seattle and another city (most likely to be Louisville)." Sonics Rising

A league source who asked to remain anonymous has told Sonics Rising that "there's a good chance, not definitively so, but good that Seattle and another expansion city will be added to the next TV contract. The Seattle market is bigger than most think. Lot of untapped revenue we are losing out on there" (emphasis ours). Sonics Rising also reached out to officials in Louisville but were told they had no comment at this time. Sonics Rising

If the gentleman from Kentucky and this league insider are correct, the NBA not only wants to return to a lucrative market, whose absence is costing it significant money, but is seriously considering expansion as an alternative to do so. Three things need to happen before this can come to fruition: Seattle must get the proposed SoDo arena to a shovel-ready condition, the situation with the Clippers must be resolved, and the new TV deal must be inked with sufficient extra revenue to warrant expansion. Sonics Rising

July 22, 2014 Updates
July 16, 2014 Updates

As troubling as that might be in terms of public perception, given Sterling’s racially bigoted comments back in April, and as incendiary as that could become as an issue with the NBA’s players, Silver said the methodical pace of the probate trial in Los Angeles between the Sterlings could further delay the Clippers sale to former Microsoft CEO Steve Ballmer. “No, I cannot say it with certainty, and I cannot say it with certainty because it’s in the hands of the probate court,” Silver said. “I can say with certainty, we are doing everything in our power to move Donald out as an owner in the NBA. If the probate ruling doesn’t go in our favor, we’ll recommence our procedures under termination.” NBA.com

July 15, 2014 Updates

For coach and team president Doc Rivers, that’s a bit of a hassle. He is not officially able to sit down and work out details with Ballmer, but said he has “accidentally” run into Ballmer a few times. “(A meeting is) not really allowed,” Rivers said here Monday as NBA Summer League play continued. “Bump-ins like today, I don’t know how that happened — things like that. It’s good, I look forward to that. It has hurt us some this summer. You go in to talk to a free agent and most guys, teams will bring their owner. I go in, looking like this, by myself. I don’t know what effect that has had but that’s not been great for us.” Sporting News

July 14, 2014 Updates

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