HoopsHype Owners rumors

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February 10, 2015 Updates
February 9, 2015 Updates
February 4, 2015 Updates
February 3, 2015 Updates
February 2, 2015 Updates

Q: One thing coming up in the future is Draymond Green’s restricted free agency. That would likely put you into the luxury tax if you keep him. This franchise has never paid the luxury tax. Are you prepared to go into the tax next summer to keep this team together? Joe Lacob: Committed or not committed, I don’t think we have any other choice. Numbers would dictate–anyone can look at them–that we’re very likely in the luxury tax and very likely very substantially, next year. And you know what? We’re OK with that. I tell Bob all the time; he keeps asking me, ‘Are you sure?’ We’re prepared to do whatever it takes to win a championship; I’ve said that before. You want to do it when the timing is right. Maybe the timing’s right, right? We’re pretty good. And so, I think we need to take advantage of that and go for it. Our fans, that’s what they want to hear. And the truth is, it’s what I want to hear. And what I want to think. And what our management and ownership… there isn’t one owner that I know of or one person in management here that doesn’t think this way. Luxury tax? It’s not something you want to do, it’s very penal. But can’t be worried about that right now. That is really not the issue. The issue is being the best team we can be and we’re going to do whatever it takes. San Jose Mercury-News

February 1, 2015 Updates

Call it the Jay Z rule. At its last major meeting, the NBA’s Board of Governors quietly passed a rule mandating that teams have 25 or fewer individual owners — and that every such owner must own at least 1 percent of the team, per a half-dozen league sources. To be clear, Jay Z was not the specific target of the rule change; he owned a minuscule 0.15 percent of the Nets, according to the New York Times, but sold his stake to Jason Kidd and another investor in 2013. Grantland

The league had been contemplating the change for years, sources say. The new Bucks’ ownership group may have provided the final impetus. Marc Lasry and Wes Edens, two of the three largest stakeholders in the team, are among 37 individuals who own some portion of the Bucks, per league sources.1 Both Lasry and Edens sold small chunks of the team to friends, family members, and prominent members of the Milwaukee community — a key method of gathering support for a new arena. Grantland

Owners for decades have sold small pieces of their teams to friends and colleagues, including stakes that amount to less than 1 percent equity — and could cost in the mid- to low-six-figures, per several league sources. Those with such little equity usually don’t get any of the biggest perks of owning an NBA team. They don’t get a seat at the Board of Governors or any real say in the team’s big basketball- or business-related decisions. Some even have to scrounge for tickets if they decide at the last minute they’d like to attend a game. Grantland

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

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