Orlando Magic Chief Executive Officer Alex Martins has been named to Orlando Magazine’s Most Powerful People list for the eighth consecutive year, ranking twelfth on this year’s list. Martins has remained a fixture in the rankings of the most dynamic leaders in Central Florida for much of the past decade. He was a “Hall of Power” member after ranking in Orlando Magazine’s Top 5 for five years in a row of their “Most Powerful People” rankings and sat atop that list in 2012.
Ballmer, the former CEO of Microsoft, has been a part of several brand launches that have elicited mixed feedback from consumers. He was well aware of the backlash that the new logo received on social media Wednesday and Thursday. “Many people really don’t like change in this world, they really don’t,” Ballmer said. “If we changed the user interface on a software product, people didn’t like it. Some people do but the people that are set and comfortable don’t like it. I know when newspapers change their formats, it takes getting used to and this will take some getting used to for people who really liked where we were. The overwhelming sentiment from the people who communicated with me initially was ‘change.’ I’m glad we did what we did and I don’t expect to do it every year.”
Some professional sports teams take two years working on rebranding, but Ballmer said he felt the need to introduce change before this season, ahead on the one-year anniversary of his purchase of the team. He also said he briefly considered changing the team name before ultimately deciding to keep it. “I think the name has actually developed value,” Ballmer said. “It’s a name that stands for a team overcoming difficulty. I kind of like that. Overcoming difficulty is not a bad thing. So I didn’t want to change the name. I was kind of hardcore about that in my thinking but I did want to signal a new day, a new age and a new generation. So we said let’s keep the colors, keep the name and change everything else.”
“It was important because I know I bought a team in L.A. that will be in L.A. forever,” Ballmer said. “I know a lot of people say, ‘Hey, the guy doesn’t live here and what’s that all about?’ But the Clippers will always be in L.A. Hey, let’s face it, for most of our history we’ve been the number two team in L.A., but we embrace this place and we’re as fired about it and care as much about it as anybody else around. We’re here. We’ll always be here. I don’t even think about it. I’ve never thought about it. I was quite clear when we were bidding on Sacramento, the group that I was with, we were moving the team to Seattle. But when I bought a team in L.A. there was no question in my mind that was a team for L.A. I like L.A. It’s a place I like to come visit. It’s a wonderful place. While my family will stay living where we’re living, that doesn’t mean this isn’t a great place to get away for business and watch games and do all that. It’s a great place. The value of the team is highly dependent on it being here in L.A. If you move a team anywhere else, it’s not the same. Atlanta just sold for $850 million. That’s not what I paid for L.A.”
Kidd owns 0.42 percent (roughly 2/5ths of one percent) of Nets Sports & Entertainment, the minority stakeholder in team and arena, said a source familiar with Kidd’s holdings. That in turn gives him a 0.084 percent (roughly 1/12th of one percent) stake in the team and 0.231 percent (roughly 1/4 of one percent) stake in the arena, according to the source. The disparity is due to the larger NS&E stake in the arena. In addition, NS&E reportedly owns a stake in Nassau Events, LLC, which is rehabbing the Nassau Coliseum, through NS&E. The investments are indivisible, according to a league source, that is, he can’t dispose of the interest in the team and retain the interest in the arena.
In January, Bloomberg News reported the league had given him an extension. But now, nearly a year after his ugly departure from the Nets, he still retains the stake in Nets Sports and Entertainment which controls 20 percent of the team and 55 percent of the arena, according to multiple sources.
Mavericks owner Mark Cuban is donating $5 million to Indiana University, his alma mater, for a new technology center that will give students a leg up in the business world and possibly a competitive advantage to Hoosier sports teams. An official announcement came Friday in Bloomington. The new Mark Cuban Center for Sports Media and Technology will be built inside Assembly Hall, where the Hoosiers’ basketball teams play. Cuban says students and coaches will have access to 3-D, multicamera and virtual reality technology, some of which isn’t even available commercially yet. The Dallas Mavericks team owner says he came up with the idea as he looked for ways to give his team a competitive advantage in the NBA, and thought the Hoosiers should have the same advantages.
But in looking at how she spent this past year, it does seem that she’s been looking for a way forward while preserving the parts of the past she never wanted to let go. “It was very difficult for me to lose the team,” she says. “It was like my family. I’ve seen them [the Clippers] grow for 33 years. The coach [Rivers] used to be our player. And now to see his son [Austin Rivers] play, it’s like part of your family. “I never wanted to sell it, and we never would’ve sold it. But I didn’t want to see it being dismantled. I mean, maybe they wouldn’t even play for the whole year. I didn’t know what the league was going to do. The only thing I knew is that I had to keep the team from being dismantled.”
“My family didn’t talk to me for a while, because I was selling the team. They were all against me,” she says over a late-afternoon snack around the small table in their airy, beach-facing kitchen. The Sterling family had owned the Clippers for 30 years. It’s who they were. And in a little over a month, that life was finished. Shelly hasn’t given any interviews in the year since she sold the team to Steve Ballmer for a record $2 billion on May 29, 2014. When people ask to take pictures with her, she politely declines. “That’s not my role,” she explains. “My role is to not be known.”
Does Mikhail Prokhorov really want to keep this team? That has been the steady insistence from Prokhorov in recent weeks and months. He keeps saying he is only willing to sell off a minority stake in the team … up to 49 percent. Around the league, mind you, skepticism persists.
Yet there are also persistent rumbles in league circles that the real reason the Nets aren’t being actively shopped to potential bidders is the structure of the deal Prokhorov struck to buy the team mandates he sell Barclays Center in conjunction with his basketball team. Word is the entities can’t be sold separately, which is said to have chilled the market due to the complexities involved in such a transaction and the significant price tag it would carry.
The group leading the bid to bring the 2024 Olympics to Boston is shaking up its management. Boston Celtics co-owner Steve Pagliuca is taking over the bid committee, replacing construction magnate John Fish. The group is trying to revive its chances of bringing the Summer Games to the city after early stumbles left the USOC second-guessing its decision to pick Boston as the American bid city. The USOC would have to submit a formal bid to the IOC in September. The host nation will be picked in 2017. Boston is expected to compete against Rome; Paris; Hamburg, Germany; and Budapest, Hungary.
Before addressing the Timberwolves’ needs in the NBA Draft, Chris Webber made a push for Kevin Garnett to become an owner of the franchise. “First of all before that, I would have to make KG an owner,” Webber, a Turner Sports analyst who played 15 season in the NBA, said Tuesday. “It would be attractive to come there and to have some sense of legacy.”
NBA Communications: Today’s @kevinmdraper Deadspin post is grossly misleading and contains many false assertions. FACT: Roughly 1/3 of teams losing $ this year. New TV money does not kick in until 2016-17 season. As in past, all league and team audited financials will be shared w/ NBPA in collective bargaining. Avg player compensation in ’16-17 projected to be more than $8 million, roughly 50% higher than ’10-11. Notion that BRI rules disadvantage players is fiction. Specifically: 1. BRI definition hardly ‘out-of-date’; was negotiated in 2011 w/ NBPA; 2. Assertion that CBA assumes “owner doesn’t own any related businesses” is false; 3. CBA expressly addresses related parties, incl. arenas and broadcasters, to ensure players get fair share of BRI; 4. Equity received in broadcast deals is not a BRI “workaround.” 2011 CBA specifically covers receipt of equity; 5. BRI reviewed by NBPA and audited by independent accountants every year.
Even with the union demurring, you can bet that the Knicks will be one of the five, and that more generally the union will target teams that earn the most revenue and have a host of complicated related party issues. An informed guess would be that the Knicks, Nets, Mavericks, Nuggets, and Lakers will be audited, with the Rockets, Bulls, and Warriors candidates as well.