David Stern Rumors
It’s not clear if Silver plans to fine the Warriors for resting three All-Stars plus Iguodala, which is what his predecessor David Stern did to the Spurs in 2012 for sitting key players in a game against the Miami Heat. The one significant difference was that the Warriors were transparent about their plans to rest their stars whereas the Spurs made a late announcement and sent their players home without informing the league. It was a $250,000 penalty for the organization.
He made the call to rest Shaun Livingston on Friday and other stars on Saturday. Would Kerr have rested his stars today if Pop hadn’t in 2012? “That’s a good question,” Kerr said. “Popovich laid down the groundwork and made it acceptable and made it smart, even.” Not everyone thought it was smart. Then-commissioner David Stern fined the Spurs $250,000 for not properly alerting the league office about sitting its players “in a timely way” and called it “a disservice to the league and our fans.
When he sat for negotiations of the previous agreement, Paul witnessed an ugly, contentious tussle with the owners and within union ranks that eventually left the players association in shambles. Paul wasn’t considering the presidency when he attended the union’s meeting in Las Vegas in 2013, but Jerry Stackhouse was among the many players who encouraged him to accept the role. After a final nudge from Jada, Paul reluctantly obliged but immediately regretted his decision. The union had no executive director, Silver was getting prepared to replace David Stern as commissioner, and the league appeared destined for more labor strife. Paul also didn’t think he could make the necessary commitment to clean up such a mess. An uncomfortable flight home to Winston-Salem, N.C., made him even more unsettled upon landing. “I was having almost an anxiety attack, because I was like, ‘I don’t have time for this or that,’ ” Paul told The Vertical. “And I woke up the next morning, saying, ‘I’m going to call and tell them, ‘I can’t do this.’ Knowing the state of the union at the time, it was a tall order.”
Ex-NBA commissioner David Stern, along with a handful of other venture capital firms, have invested in Overtime’s $2.5 million seed round, CEO Dan Porter announced Wednesday. Overtime is a smartphone app that allows for users to record, edit and share short-form sports video content, slightly similar to what Vine used to be before it transitioned to a Camera App last month.
When Stern was asked in December on the Sports Business Radio Show Podcast about his criteria for investing in companies, the former basketball executive said he sends inbound requests “to somebody else.” “I only invest in things that come in through Greycroft Partners, either that they have made their own investment in or that we’ve decided based on the stage of the company that they won’t be investing this time but I like it and invest personally. That’s it,” Stern said.
Prospective owners from other cities were circling, looking to snatch away the Hornets. The NBA was on the verge of a lockout. The league didn’t want to run the team long. They needed a local buyer and yet none seemed willing. Interest in the Hornets was low. Local fans figured the NBA was as good as gone. Something had to change fast or even Stern wouldn’t be able to keep the Hornets there. “I was operating under the assumption that if the plan didn’t work the team would move,” Jac Sperling, the sports executive recruited by the NBA to run the Hornets, told The Vertical. “Everyone on our staff thought that, too.”
The Hornets had sold just 6,300 season tickets the season before, a number well below the 10,000 that is considered the industry standard for franchise stability. Sperling and Weber quickly realized that after negotiating a new lease and cutting a better television deal, they had to find a way to sell 3,700 more season tickets. If they could do that they were sure the league would see New Orleans was viable and perhaps it could find a local owner.