HoopsHype Owners rumors

January 23, 2014 Updates

Warriors owner Joe Lacob finally admitted during a KNBR interview Thursday that plans to play games at a proposed San Francisco waterfront arena starting in 2017 might not be completely realistic. “If everything worked perfectly, our goal was to be in for 2017-18,” Lacob said in an in-studio interview with Gary Radnich and Larry Krueger. “I think that is going to be a challenge. We’re trying. We’re going to keep trying, but we need to do it right. It’s not just about getting it done. It’s about getting it done right. If it takes a year a longer, it takes a year longer. I’m not going to be concerned with that.” San Francisco Chronicle

Another persistent issue with the arena proposal is how to deal with traffic on the Embarcadero. Although the site is in close proximity to BART and Muni, a planned 500-space parking lot on-site would be for VIPs only. The arena could bring an additional 18,000 people to the waterfront on game days. San Francisco Chronicle

The NBA this year expects $5.5 billion in annual revenue, and one of the league’s small-market teams, the sold for more than $500 million. “When I got into the league, our central revenues outside of ticket sales were less than $1 million,” said Chicago Bulls Chairman Jerry Reinsdorf, who bought the Bulls in 1985 for $16 million. “David took basketball from a sport that had its Finals on tape-delay television to a worldwide sport. There was no marketing when I got into the league. He was determined to bring what was a second-class sport into a world-class sport. You have to give him the majority share of the credit.” Sports Business Daily

“David had to, and was able to, deal with the complexities of antitrust laws, labor laws, media rights, being the first league to have a drug agreement, and of marketing a sport with a brand that at the time he came on was perceived as being difficult to take to mainstream America,” said Bettman, who before joining the NHL spent 12 years working with Stern at the NBA. “He helped create a licensed product business before there was much of one. He brought all that together and he was the first to do that whole package. So I would say that David is the whole package and that is what a commissioner in this time had to become, particularly in this era of expansion internationally and onto digital media platforms — both of which didn’t even exist when he came in.” Sports Business Daily

Owners meetings may have been meant for debate and discussion, but much of the decision making was left to Stern. “I went to every board meeting for five years and it was just amazing to me,” said Pat Croce, former co-owner of the Philadelphia 76ers. “We’d get the agenda, but whatever David wanted to get done, got done. He really cares about fans, too, and will get really radical with owners when he thinks the fans are getting shafted.” Sports Business Daily

Stern was one of the first commissioners to migrate the NBA to cable television while advancing opportunities in the field of digital media. He created NBA.com in 1995, the first league to integrate both team and league websites. The NBA then launched NBA TV in 1999 (then called NBA.com TV), and the league has long embraced various social media channels to drive its brand. “It was David’s vision and his smart, forward thinking that really put Turner on the map,” said David Levy, president of Turner Sports. “He was the only commissioner at the time to look at cable and Turner/ESPN as an option. He put his crown jewels on cable well before any of the other top leagues. He trusted us with the postseason. He trusted us with the All-Star Game. He trusted us with his brand at NBA TV and NBA Digital. These moves were both risky and visionary at the same time.” Sports Business Daily

January 21, 2014 Updates

According to the short-form official rules, the odds of picking a perfect bracket are 1 in 4,294,967,296. How impressive? According to those short-form rules published on the Quicken Loans Facebook page, the contest is open to legal residents of the U.S. 21 years and older. No purchase is necessary. One entry per household. The grand prize will be payable in annual payments of $25 million for 40 years or as a one-time payment of $500 million. There also will be 20 first-place prizes of $100,000 each for the best brackets that are not perfect to use toward buying, refinancing or remodeling a home. Cleveland Plain Dealer

In regard to the potential sale of the Bucks, I have been told there likely will be four serious suitors who’ll be more than happy to do business with long-time Bucks owner Herb Kohl. One is said to be a consortium of five or six individuals who are from Wisconsin or have Wisconsin ties. Because of the delicate nature of the situation, none of the individuals I spoke with would publicly acknowledge their interest in the Bucks. Additionally, a source contends there is an individual from the Chicago area who has made it perfectly clear to Kohl that he’ll buy the franchise whenever the latter desires to sell. This offer, I’ve been told, has been on the table for several years. Racine Journal-Times

Kohl has said he will contribute a “significant” amount to the construction of a new entertainment facility that would not only be home to the Bucks, but also would host other sporting events, concerts and conventions. There is zero doubt in my mind Kohl will keep his word. One person I talked to said Kohl is so obsessed about a new arena being a major piece of his legacy to Milwaukee and Wisconsin that he could make a contribution in excess of $100M toward the project. Asked the odds of a new arena being built, one source replied “70 percent.” Another source close to the Bucks’ situation said “80 percent.” Racine Journal-Times

January 20, 2014 Updates
January 16, 2014 Updates
January 13, 2014 Updates

"We have staff working all day today to make sure this issue doesn't occur again. Our staff worked very efficiently to identify where the leaks were. And we always have staff on hand that are experienced with issues such as this. We also literally had to get atop of the roof outside to see what the issues were. The big freeze this past week might have created a small fissure in roofing materials, and as the rain came on and some ice was melting, some water was able to seep in,"Ted Leonsis wrote on his personal blog. Ted's Take

January 9, 2014 Updates

Alex Jensen knows the Cleveland Cavaliers, who visit EnergySolutions Arena on Friday night. Jensen spent the last two years as the coach in Canton, which is the Cavs’ franchise in the NBA Developmental League. He left the Charge last summer to become a player development assistant for the Jazz. "It really is a first-class organization," Jensen said. "The owner, Dan Gilbert, makes sure you have everything you need. When I was there, they were obviously going through a rebuilding process. But it’s a great practice facility, great people. It’s only a matter of time before they are really good again — year in and year out." Salt Lake Tribune

Any rumor missing? E-mail us at   hoopshype@hoopshype.com.